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The cryptocurrency market is witnessing a shift in investor interest from memecoins to DeFi tokens. Memecoins, which had seen a surge in popularity and volatility, are now experiencing a cooling period, with the GMCI Memecoin Index stabilizing around 500 points since mid-November. This decline in memecoin momentum is attributed to controversies, such as Pump•fun's mishandling of live streams, and a broader investor preference for the stability and potential of DeFi tokens like AAVE and ENS.
MEMECOINS GET DUSTY WHILE DEFI TAKES THE SPOTLIGHT Memecoins are losing their steam after November’s hype, with investors moving on to DeFi tokens like AAVE and ENS. Thanks to scandals like https://t.co/fJFPjE6Qp2’s live stream mess, memecoins might finally be the crypto… https://t.co/pMPJVgtLk1
DEFI OUTPERFORMS AS MEMECOINS LOSE MOMENTUM Memecoins have experienced significant cooling, with the GMCI Memecoin Index stabilizing around 500 points since mid-November. Controversies, such as Pump•fun's mishandling of live streams, and shifting investor interest toward… https://t.co/EfWdiIxtWZ
DEFI OUTPERFORMS AS MEMECOINS LOSE MOMENTUM Memecoins have experienced significant cooling, with the GMCI Memecoin Index stabilizing around 500 points since mid-November. Controversies, such as https://t.co/P5AFQ1ykyf's mishandling of live streams, and shifting investor… https://t.co/gHNhjmA1k2
