Chinese Meme Token Hakimi Jumps 50% to $25.91M Market Cap
Hakimi’s sharp decline after a brief surge illustrates the rapid reversals common in meme token markets, with GMGN data showing significant price and market cap losses within days.
Fact Check
The statement is strongly supported by a consensus of high-authority sources. Four reputable platforms in the financial and cryptocurrency space (Moomoo, The BlockBeats, Bitget, and WEEX) all independently report the same core facts: the Hakimi token's market capitalization surged to $25.91 million following an increase of over 50%. A fifth high-authority source, CoinMarketCap, corroborates the general event of a significant price surge for the token, which lends further credibility. A single, low-authority social media source presents a slightly different percentage increase (64%), but this is not a significant contradiction as it aligns with the "over 50%" figure reported by the credible sources and corroborates the key $25.91 million market cap figure. The statement's use of a flat "50%" is likely a slight simplification of "over 50%," but it accurately reflects the magnitude of the event. The consistency of the specific market cap figure across multiple credible sources provides high confidence in the statement's truthfulness.
Summary
On Nov. 17, GMGN data reported that Binance Smart Chain meme token Hakimi fell from $0.044 to $0.026, a 41% drop from its recent peak, including a 24-hour decline of 22%. The token's market capitalization now stands at $26.25 million. This follows a price surge beginning Nov. 14 driven by trending topic hype, which quickly reversed, returning the token to previous levels.
Terms & Concepts
- Meme token: A cryptocurrency created primarily for fun or based on internet memes, often driven by community sentiment rather than utility.
- Market cap: The total value of a cryptocurrency’s circulating supply, calculated as price multiplied by the number of coins in circulation.