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CWIF big dump 90% market capitalization evaporated 27 million USD beware of high risks of Meme coins
[Block Rhythm] On August 12, according to data from the data platform, the Meme Token CWIF on the Solana blockchain developed by the same developers as TROLL briefly fell nearly 90%, with its market capitalization dropping from 31 million USD to 3.48 million USD, now reported at 11 million USD, with a 24-hour volume of 24.4 million USD.
CWIF was promoted by a well-known crypto KOL with a large fanbase.
Remind users that Meme coins have little practical use, and their prices are highly volatile; investment should be approached with caution.