Huo Xing Finance reports that on September 4, according to GMGN market data, after U.S. markets opened, the underlying U.S. stock AMC failed to surge significantly. As a result, the coin-stock meme token MEME accelerated its decline, with its market cap falling below $70 million—halving from its peak of $150 million.
Meme Coin MEME Market Cap Drops Below $70M After AMC Stock Fails to Rally
MarsBitShare
Summary
On September 4, the market cap of the meme coin MEME fell below $70 million after AMC stock failed to rally in U.S. trading. The decline accelerated as traders shifted focus away from the recent market rally. MEME’s value has now dropped to less than half its peak of $150 million. Altcoins under observation remain under pressure as cross-asset sentiment weakens.
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