Be careful: Profit sales have started in Memecoins!

Memecoins, which have been causing havoc for a while, confused people with their sharp decline in the last 24 hours.

After Bitcoin (BTC) exceeded $ 60,000, memecoins, which lit the fuse, made more than 500 percent in just a few days. Memecoins, which exploit a large portion of the money in the market, attracted a large crowd of investors. However, the subsequent decline of BTC dealt a blow to memecoins. In addition, the further rise of the Artificial Intelligence (AI) intelligence trend has made memecoins discredited.

## Profit realization has started!

Memecoins, which have been rising rapidly lately, have made their investors very rich. Memecoins in the Solana ecosystem have achieved great increases and have been listed on popular cryptocurrency exchanges. However, the arrival of profit taking, the relaxation of BTC and the increasing strength of the AI craze left memecoins in the background.

According to data from CoinMarketCap, there are four memecoin projects among the five most falling coins of the last 24 hours. Among these projects, Bonk (BONK) ranked first with a decrease of 14.86 percent. BONK was followed by Shiba Inu (SHIB) with a decrease of 14.60 percent. Pepe (PEPE) ranked fourth with a loss of 8.62 percent. The owner of the fifth place was Dogecoin (DOGE) with a loss of 7.88 percent.

Although these decreases after short-term increases are normal, it is necessary to be cautious on behalf of memecoins. There is a possibility of a decline in memecoins if BTC declines, BTC dominance increases, or different trends attract demand. These decreases may even remain small.

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