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Major Meme Coins on Various Public Chains Experience Significant Declines

On August 19, according to GMGN market data, mainstream meme coins across various public chains experienced a widespread drop last night and this morning. Notably, the leading meme coin ANSEM from the Solana ecosystem fell over 30% from its previous high, currently valued at $227 million. Meanwhile, MarsCoin, the leading meme coin from the BSC ecosystem, has dropped below its platform consolidation level for several days, now reported at $32.83 million, with a 24-hour decline of 12%. Additionally, CASHCAT, a meme coin on the Robinhood chain, has once again fallen below the $100 million mark, currently at $89.37 million, with a 24-hour drop of 14.61%.

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