On-chain meme tokens retreat as BNC4-paired build loses 90% of market cap

  • GMGN data showed broad declines among popular on-chain and leading meme tokens.
  • 90% of market capitalization was erased from BNC4-paired build in 24 hours.
  • BlockBeats warned users that token price volatility remained high and urged caution.

Popular on-chain and leading meme tokens broadly pulled back recently, according to GMGN data reported by BlockBeats on Sept. 10. On Robinhood, MEME fell 23% to a $62 million market cap after previously exceeding $170 million, while microduck, STRATTON and OURO dropped 46%, 56% and 47%, respectively. On BSC, the BNC4-paired token build lost 90% of its market cap in 24 hours to $2.3 million. Solana tokens ZCAT and USELESS fell 18% and 23%, with market caps of $85 million and $220 million. BlockBeats warned that token prices remain highly volatile and urged users to exercise caution.

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