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Meme coin speculation fades: average 17.2 days to peak, only 3%projects can return to their all-time highs

PANews October 16 reported, citing Bloomberg, that analysis shows the life cycle of meme coins is shortening. On average, meme coin projects typically reach their all-time highs 17.2 days after first trading, with one-quarter reaching their peak within 1.6 days, while the median time from peak to “death” (a price decline of 95%) is 370 days. Only 3%of meme coin projects are able to return to their all-time highs. The analysis suggests that the market is being flooded with new tokens, while the life cycle of rapid price surges followed by sell-offs is gradually cooling what was once a popular area of crypto speculation. In addition,AI and prediction markets are diverting market attention from meme coins, particularly because prediction markets have substantial overlap with the demand for funds that previously drove meme coin speculation. Meme coins were once a form of cultural expression; that attribute still exists, but has become “more subdued.”

Source: https://www.panewslab.com/zh/articles/01a14252-896d-7211-9767-cfdcbcf09cff