I just saw that the Meme coin Freedom of Money on BSC has dropped quite sharply these days, falling nearly 40% from its high, with its market cap dropping 43.5% from the peak in early April. Now the market cap is only $12.9 million, with a 24-hour trading volume of about $6.3 million.

I heard that the decline started after the release of a new book by a former CEO of a major exchange, and many people were originally speculating on this concept. According to on-chain data monitoring, the volatility of this coin is indeed very intense. But honestly, Meme coins are inherently lacking practical use; they mainly rely on market sentiment and hype around concepts, so the risks are really high.

This situation reminds us that trading Meme coins should be especially cautious, as they tend to fall the fastest when market emotions cool down.