While the market capitalization of most popular memes on the Monad chain has halved, "Moncock" has bucked the trend, surging 350%.
TL;DR
Most popular meme coins on the Monad chain have seen their market values halved, but Moncock has surged 350% to become the second-largest meme by market value, currently at $1.2 million. Investors are warned of high volatility and risks in meme coin trading.
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On December 1st, according to GMGN monitoring, Monad popularity has declined, and the market value of most popular Meme coins has been halved multiple times. Meme CHOG, the first on-chain coin to break the 10 million USD market value mark, now has a market value of less than 3 million USD. Except for the top two in the market value ranking, all others have a market value of less than 300,000 USD.
According to monitoring, Moncock bucked the trend and rose today, with a 24-hour increase of 350%, and its market value is currently $1.2 million. It is currently priced at about $0.0012, making it the second largest meme in terms of market value on the Monad chain.
BlockBeats reminds users that Meme coin trading is highly volatile, relying heavily on market sentiment and hype, and has no real value or use cases. Investors should be aware of the risks.