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Memecoin Market Value Falls 66% as NFTs Drop 43% Amid $800B Crypto Sell-Off

The combined value of memecoins and NFTs declined sharply over three weeks, reflecting broad weakness across the cryptocurrency market.

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Terms & Concepts
  • Memecoin: A cryptocurrency often launched as a joke or meme, with value driven largely by community hype rather than fundamental utility.
  • NFT (Non-Fungible Token): A unique digital asset stored on a blockchain, representing ownership of digital or physical content.