The cryptocurrency whose value has fallen by more than 20% per day has been named

Quotes for the Wall Street Memes (WSM) meme token have dropped significantly over the past day. Thus, over the reporting 24 hours, WSM dropped 26%.

From its peak value reached on the last day of September, WSM has lost more than 55%. At that time, the digital token was trading at $ 0.075, and now it is at $ 0.034. The market capitalization of the digital asset is $ 59 million, which is why Wall Street Memes is ranked 330th among the best tokens. The massive sell-off in the last 24 hours has led to an increase in trading volumes of the digital asset. Traders made deals totaling $ 32 million.

However, not all meme cryptocurrencies have demonstrated such high volatility. For example, Dogecoin (DOGE) fell by only 1.4% over the past day, currently trading at $ 0.057. As for the Shiba Inu (SHIB) token, its quotes remained stable.

As for the other meme tokens, Pepe (PEPE) lost 3.3% in value, dropping to 104th place on the top list. Other digital assets showed relative stability. Floki Inu (FLOKI) fell by only 0.23% yesterday, and Bone ShibaSwap (BONE) — by 3%.

As a reminder, at the end of September, Wall Street Memes managed to grow by 110% in just 5 hours. Numerous traders and investors were vigorously discussing the prospects for the new meme token’s value growth. Many experts noted that the price of the crypto asset could increase dozens or even hundreds of times. Their expectations were related to the fact that the development of the digital currency was carried out by experienced programmers with extensive experience in launching large projects.