Data: Meme token NPM experienced a sharp drop of over 80%, with market value falling to 800,000 USD

According to GMGN data, the BAGS ecosystem Meme token NPM experienced a short-term sharp decline, with its market value dropping from a peak of $8.9 million to $800,000, a decline of over 80% in 1 hour, and a trading volume of $13.2 million within 5 hours of its launch.

It is reported that the narrative of the NPM token pays tribute to Isaac Z. Schlueter, the founder of the world's largest package manager NPM, who is hailed as the "God of Programming."

ChainCatcher reminds users that Meme coins generally have no practical use cases, and their price volatility is significant, so investment should be approached with caution.