Despite the general slowdown in the cryptocurrency market, meme coins saw a tremendous influx of memes with celebrity, sports, political, and animal themes in the second quarter of 2024. Notably, NFT was hit by this wider downturn in the cryptocurrency market, with sales volume dropping to $2.32 billion in Q2, 2024—a 44% decrease from Q1’s $4.14 billion. This general market collapse is…
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