This cryptocurrency that was supposed to "revolutionize the structure of the Internet" started at a price of $700 right after its launch, with a market capitalization of over $328 billion, making it one of the largest cryptos at the time.
Except, of course, the system was built on a false promise: it serves no purpose.
Within just one and a half months, its price had already dropped by 90%, and since then, it has fallen another 90%.
It is now down 99% from its initial price.
Of course, it's highly likely that the creators and "insiders" massively enriched themselves, while the rest of the world lost everything!
Learn how to navigate memecoins ✍🏼
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