A well-known cryptocurrency that has fallen by 60% in just a month is named

The cryptocurrency meme RER, which grew rapidly in popularity in April and May, lost 61.7% of its value in just a month. Over the past day, the digital asset fell by 6%, and by 18% over the past week.

Despite a significant decline in the token price, RER remains in 3rd place among the best memcryptocurrencies. According to CoinGecko, the token’s market capitalization is $ 503 million.

It should be noted that due to the volatile exchange rate, RER is used as a tool for speculative transactions. The unstable value of RER is provoked by the statements and actions of major crypto market players.

Many experts are skeptical about PEPE, not ruling out the possibility of blocking, theft, and large-scale dumping of the digital asset by its creators. Any fraudulent actions can significantly affect the wallets of investors who continue to invest in a new, but rapidly growing digital asset.

One of the record-breaking cryptocurrencies that has seen a sharp decline in value is Milady Meme Coin (LADYS), which fell by 63.2% in just 14 days. In May, the token became popular thanks to Elon Musk, who posted an image of NFT from the Milady Maker collection on his account. As a result, according to the Cryptoslam analytical service, sales of digital tokens soared by 2900% and reached $ 7.87 million.