BONER, a meme coin on Robinhood Chain, saw its market capitalization fall by more than 37% over the past 24 hours, according to GMGN market data. Its market cap was reported at $26.2 million at the time of the update. Separate on-chain trading data showed that trader Him (@himgajria) sold about $286,700 worth of BONER earlier today. The same data indicated that the trader still holds roughly 10.147 million BONER tokens. Odaily, which published the update, also warned users that meme coins can experience sharp price swings and said traders should pay attention to risk. The report did not provide additional context on the cause of the decline.
According to GMGN market data cited by Odaily, BONER, a meme coin on Robinhood Chain, posted a market cap decline of more than 37% over the past 24 hours, with its market capitalization standing at $26.2 million.
On-chain trading data also showed that trader Him (@himgajria) sold about $286,700 worth of BONER today and still holds around 10.147 million BONER.
Odaily said meme coins are highly volatile and reminded users to pay attention to trading risks.
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