Memecoin, the ecosystem token of Memeland, developed by Meme platform 9GAG’s Web3 studio, suffered a decline due to team transfer allegations.
On-chain analysis account Spot On Chain made a statement on March 5. in sharing, On Memecoin (MEME) of the team to Binance He said that there was a decrease in the price due to claims that it carries assets.
According to the post, MEME’s team is memeland.eth, $6.36 million to Binance at $0.05133 through 3 wallets worth 123.98 million MEMES deposited. your price best of all time high level (ATH) The transfer that followed attracted great attention.
MEMEs from the Memecoin team were distributed to different wallets and then transferred to Binance through those addresses.
Among the 3 wallets in question, a total of approximately 10.36 million MEMES worth $500k remained.
your meme coins Although there was a rally across the board, according to CoinGecko data, MEME price increased with incoming transfers. 18% drop from $0.0563 to $0.046 decreased by . MEME, who later recovered a little, from $0.0473 is being traded.