Several new meme coins on the BSC chain experience a drop of over 40%, with GIGGLE's market cap falling below $50 million

On November 4th, according to the monitoring of GMGN, the on-chain activity on the BSC network has experienced a cooling trend and the attention has shifted. The "Binance Life" meme coin, within just two days, witnessed its market capitalization drop from a high of $260 million to nearly $100 million. Most meme coins saw their market caps halve, including: The market capitalization of "Binance Life" was $198 million yesterday and is now reported to be $109 million, experiencing a 46% decrease in the past 24 hours; The market capitalization of "Hakimi" was $21.46 million yesterday and is now reported to be $12.42 million, with a 44% drop in the past 24 hours; The market capitalization of "GIGGLE" is now reported to be $48.21 million, showing a 35% decline in the past 24 hours; The market capitalization of "4" is now reported to be $49.30 million, with a 41% drop in the past 24 hours. BlockBeats reminds users that meme coin prices are highly volatile and user investment should be cautious.