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“The hype of meme cash is normally thrilling, however typically adopted by a market crash, just like what we noticed with DOGE and SHIB two years in the past,” mentioned Youwei Yang, chief economist at publicly traded bitcoin mining firm, BTCM. “The market correction for memecoins this week is essentially attributable to the settle down of the FOMO (worry of lacking out) sentiment with these new memecoins.”
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