TechFlow news: In the second half of 2024, the meme coin craze has clearly cooled down. Google Trends data shows that search interest for "meme coins" has plummeted from a peak value of 100 in mid-March to just 22. Over the same period, the market capitalization of meme coins has also sharply declined. Within 89 days since May 21, the total market value of meme coins dropped from $59.62 billion to $39.59 billion, wiping out $20.02 billion. Major meme coins such as DOGE, WIF, and BOME have all experienced significant declines.
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