#BinanceHODLerPLUME The Impact of Meme Coins
Reasons for the Impact:
Meme coins attract attention thanks to media hype, trends on social media, and sometimes support from influential figures like Elon Musk.
Their liquidity is relatively high, but the volatility is significant and intense, making investment in them highly speculative.
They serve as a magnet for new investors looking for quick profits, but they may divert funds away from practical and long-term projects in the market.
Would you like us to add an additional chart comparing the monthly or annual trading volume between Bitcoin and meme coins like Dogecoin, to visually see the gap between them?
