Weekend Meme Coin Correction Wave: These Popular Coins Plunge Collectively, Investors Need to Be Cautious

【Blockchain Rhythm】This past weekend, the Meme coin market in the crypto circle experienced a noticeable correction. According to on-chain data monitoring, many Chinese Meme coins that previously saw good gains have undergone a round of retracement, with some experiencing quite significant declines.

Let’s start with the most attention-grabbing ones. The coin “I Damn Came” might have suffered the harshest drop, falling 30% within 24 hours, with a decline of over 46% from its peak. Its current price stabilizes around $0.0283, with a market cap of approximately $28.65 million, showing a clear shrinkage.

The situation of “Life K-line” is slightly better, but it hasn’t escaped the fate of correction either. It has fallen 15% in 24 hours, with a current market cap of $20.45 million, and trading price around $0.02. Although this decline isn’t as fierce as “I Damn Came,” it still isn’t a pleasant experience for holders.

In comparison, “Laozi” has performed relatively resilient, actually rising 10% in 24 hours, with a market cap maintained at $13.08 million, and a price of $0.013. It is one of the more resilient assets in this correction wave.

It should be reminded that assets like Meme coins are inherently high-risk. Trading volatility is huge, and price fluctuations are mainly driven by market sentiment and hype, with little real technological application or commercial use cases to support them. Investors interested in these types of coins must prepare psychologically, invest within their means, and avoid throwing money meant for improving life into them.