Record-breaking cryptocurrency fell by 55% per day

on May 12, 2023, the global market capitalization lost 3% and dropped to $ 1.1 trillion. The last day was marked by a correction of the entire crypto market, but meme tokens felt it the most. The depreciation of the flagship crypto asset has affected meme tokens, which gained immense popularity just a few days ago.

The rate of Milady Meme Coin (LADYS), which became popular thanks to Elon Musk’s tweet, initially soared by 10,000%. However, over the past day, the value of the meme token has plummeted by 55.2% and settled at $ 0.6. The asset’s market capitalization fell to $ 44.98 million, and daily trading volumes amounted to $ 166.91 million.

The price of Ordinals (ORDI) has also dropped significantly. Over the past 24 hours, the asset’s quotes have fallen by 48.15%. The digital token is trading for $ 7.87, and the project’s capitalization is $ 166.98 million. The daily trading volume amounted to $ 96.63 million.

Finally, the meme cryptocurrency Pepe (PEPE) lost 21.5% during the reporting period. It can be purchased for an average of $ 0.12 with a market capitalization of $ 495.39 billion. It should be noted that just a week ago, this value reached $ 1.82 billion at its peak. At this time, daily trading volumes amounted to $ 778.67 million.

As for bitcoin BTC $62,665.94 Bitcoin -0.36% Market capitalization $1.24 trillion VOL. 24 hours $1.27 billion , at the time of writing, the main cryptocurrency is worth $ 26,400, which is 3.92% lower than yesterday. The market capitalization of the asset amounted to $ 511.4 billion, and traders made daily trading deals worth $ 1.7 billion.

The rate of the leading altcoin ETH $3,446.62 Ethereum -0.88% Market capitalization $414.25 billion VOL. 24 hours $0.55 billion dropped by 3%. Today, ETH is trading at $ 1,768. The total supply of coins circulating on the market amounted to $ 214.5, and daily trading transactions exceeded $ 1 billion.