MUBARAK hype fades as memecoin plunges 40% in a day, nearing launch price

MUBARAK hype fades as memecoin plunges 40% in a day, nearing launch price

Mubarak’s post-listing rally has come to a halt, with the memecoin back at its launch price level. Mubarak (MUBARAK) has plunged 40% to $0.08 in the past 24 hours, wiping out gains from CZ’s support, according to CoinMarketcap. MUBARAK memecoin, launched on March 13 on the Four.meme platform on Binance Smart Chain (BNB), initially surged … Read more

Memecoin rally fades but GMCI meme index still outpaces BTC and ETH 

Memecoin rally fades but GMCI meme index still outpaces BTC and ETH 

The GMCI data suggests that the meme coin rally has cooled off, though meme coins still have a strong lead over Bitcoin and Ethereum. The GMCI Meme Index, which tracks the leading meme coins by market capitalization, is down by approximately 60% since its Dec. highs. Despite this decline, GMCI meme (730 points) still maintains … Read more