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ETH $2,518.08 +1.86%
BNB $754.76 -0.48%
XRP $1.44 +4.00%
SOL $104.72 +2.00%
TRX $0.3392 +0.40%
DOGE $0.0911 +2.33%
ADA $0.2224 +2.75%
BCH $260.08 +1.94%
LINK $12.48 -1.14%
HYPE $86.61 +3.19%
AAVE $130.43 -0.19%
SUI $0.8262 +1.92%
XLM $0.1906 +0.77%
ZEC $1,240.22 +10.51%

DWF Labs Partner: The popularity of meme coins during market downturns reflects market speculation

2024-06-15 23:37:22

ChainCatcher news, DWF Labs partner Andrei Grachev stated on social media, "When the market is down, there is definitely something that is going up, card players sell what they have and try to regain their luck. This is why memes are particularly popular in flat/down markets, where some always go up and people can gamble."

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