Fresh GMGN data showed another sharp intraday drop, with ANSEM falling 18% in a short period and trading with a market capitalization of about $160 million amid continued meme-coin volatility.
ANSEM remained under pressure after a fresh wave of selling, with GMGN data cited by Odaily showing the token fell 18% in a short period and traded with a market capitalization of $160 million. The latest move came after earlier data showed the meme coin had dropped about 20% in a short-term slide that briefly pushed its market cap to $150 million before a partial recovery to $163 million. ANSEM was down more than 25% on the day in the latest update, compared with an earlier reported 33% decline over 24 hours and $33.4 million in trading volume. The swings highlight how meme coins can be highly volatile and driven by sentiment and fast-moving events, amplifying risk for investors.