Meme coin CATE posted a sharp intraday slide, with GMGN data showing the token fell more than 40% over a short period. Its market capitalization dropped to about $40 million at the low before recovering to around $50 million at the latest reading cited in the report. The move highlights the kind of fast price swings that often hit meme tokens over compressed trading windows. Odaily, which cited the GMGN figures, warned that meme coins can see steep gains and losses in a short time and said traders should pay attention to both liquidity risk and position risk. No additional cause for the drop was given in the source item.
According to GMGN data cited by Odaily, meme coin CATE fell more than 40% in a short period, with its market capitalization briefly dropping to about $40 million. It was later quoted at around $50 million.
Odaily said meme coins can swing sharply over short periods and warned users to watch for liquidity risk and position risk.
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