Memecoin Market Drops to $52.05 Billion Amid Declining Interest

The memecoin market has seen a downturn, with its market cap falling to $52.05 billion and daily trading volume at $5.45 billion. Top 10 memecoins recorded weekly losses ranging from 9.9% to 30%, raising concerns about the sector's future. Factors such as reduced trading volumes and increased sell pressure have contributed to this decline.