MEME extended its decline on the evening of Sept. 4, with its market capitalization slipping below $90 million to $85.18 million, according to GMGN market data. The pullback exposed a clear divide among leading users on the fomo platform. Change, who has 338,000 followers on the platform, put in nearly $38,000 in total and began trimming MEME from this afternoon, leaving the position with an overall floating loss of 9.13%. By contrast, @yaevwastaken, who has 3,338 followers, added to the position against the move and has accumulated nearly $50,000 worth of MEME at an average entry valuation of $102.5 million. @rasmr, with 48,910 followers, sold $24,000 of MEME 11 minutes earlier, though the account still shows cumulative profit of $818,000 on the position. DeGods founder @frankdegods, who bought $1,491 worth of MEME this morning at a $135,000 market cap, has not reduced the position, and the unrealized profit has narrowed to $934,000. BlockBeats also noted that Bonk Guy did not participate in this round of MEME trading.
MEME kept sliding on the evening of Sept. 4, falling below a $90 million market capitalization and last standing at $85.18 million, according to GMGN market data cited by BlockBeats.
The decline has been accompanied by a sharp split in positioning among top users on the fomo platform.
Top fomo users take different sides
Change, who has 338,000 followers on the platform, has deployed nearly $38,000 in total and started trimming MEME gradually from this afternoon. The position is now showing an overall unrealized loss of 9.13%.
@yaevwastaken, who has 3,338 followers on the platform, moved the other way and added to MEME during the drop. The account has accumulated nearly $50,000 worth of MEME, with an average entry valuation of $102.5 million.
@rasmr, followed by 48,910 users on the platform, cut $24,000 worth of MEME 11 minutes earlier. Even so, the account's cumulative profit on the position has reached $818,000.
@frankdegods stays in the trade
@frankdegods, founder of DeGods, bought $1,491 worth of MEME this morning when the token's market capitalization was $135,000. The position remains intact, with no reduction so far, while unrealized profit has narrowed to $934,000.
BlockBeats added that Bonk Guy did not take part in this round of MEME trading.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan. Disclaimer:
The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.
Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.
