PAID, a meme coin on Solana, has seen its market capitalization fall below $6 million, according to data from GMGN cited by ChainCatcher. The token’s market cap was reported at $5.88 million at the time of the update. Compared with its peak market value of $51.61 million, the current figure marks a drawdown of more than 88%. PAID was also down nearly 40% over the past 24 hours. The market note carried a risk reminder, saying meme coins can see sharp price swings and urging investors to take a cautious approach. No additional details were provided beyond the GMGN figures and the warning on volatility.
PAID, a meme coin on Solana, has dropped below a $6 million market capitalization, according to GMGN data cited by ChainCatcher. Its market cap was reported at $5.88 million at the time of publication.
That puts PAID down more than 88% from its peak market capitalization of $51.61 million. The token was also down nearly 40% over the past 24 hours. A market note warned that meme coins can be highly volatile and said investors should participate with caution.
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