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Author: Admin | 2025-04-28
Rather than engaging in short-term speculation.Meme Coin Market Faces Massive Sell-offDespite Armstrong’s defense of meme coins, the sector faces massive sell-off following the LIBRA fallout. Many investors are questioning the sector’s viability beyond speculative hype. At the time of writing, the overall meme coin sector records a market cap of $67.4 billion.The controversy has also impacted high-profile meme coins, including US president Donald Trump family’s meme coins, OFFICIAL TRUMP TRUMP $13.08 24h volatility: 1.7% Market cap: $2.61 B Vol. 24h: $983.68 M and Official Melania Meme MELANIA $0.87 24h volatility: 7.6% Market cap: $130.98 M Vol. 24h: $49.37 M , both of which suffered double-digit losses in the past week.Meanwhile, in the past month, popular Solana-based meme coin launchpad platform Pump.fun has recorded around 60% drop in new token launches.Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content. Coinbase News, Altcoin News, Bitcoin News, Cryptocurrency News, News A crypto journalist with over 5 years of experience in the industry, Parth has worked with major media outlets in the crypto and finance world, gathering experience and expertise in the space after surviving bear and bull markets over the years. Parth is also an author of 4 self-published books. Parth Dubey on LinkedIn Julia Sakovich on X
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