đ #MEME token contract positions sharply drop!
According to Glassnode, since mid-December 2024, the total contract holdings for Meme tokens have significantly decreased. Specific changes are as follows:
⢠DOGE: down 58.45%, from $3.58B to $1.49B
⢠PEPE: down 71.93%, from $1.25B to $351M
⢠BONK: down 75.10%, from $715M to $178M
⢠WIF: down 69.83%, from $653M to $197M
⢠SHIB: down 74.41%, from $323M to $83M
⢠FLOKI: down 69.18%, from $41.7M to $12.9M
Glassnode states that the decline in contract positions is significant, suggesting that leverage is being flushed out and the market sentiment for the Meme coin sector is changing. đ #memecoins #CryptoMarke
