The Monad chain Meme coins are collectively cooling down, with CHO's market capitalization evaporating by 70%, while moncock has surged by 350% in a single day.

On December 1st, the popularity of Meme coins on the Monad chain clearly cooled down. The previously hot projects experienced a series of plummets in market capitalization.

Take CHOG, the first on-chain project to break 10 million market capitalization, for example; it has now shrunk to less than 3 million USD. Worse still, apart from the top two in the market capitalization ranking that can still hold the scene, other projects have basically fallen below 300,000 USD. The entire ecosystem feels a bit desolate.

However, there are exceptions. Moncock performed quite well today, soaring 350% within 24 hours. Its market capitalization has climbed to 1.2 million dollars, with the unit price hovering around 0.0012 dollars, firmly securing the second seat on the Monad blockchain.

This wave of operations looks exciting, but to be honest, the volatility of Meme coins is too crazy. Most of them are driven by emotions and concepts without any actual application support. Friends who want to enter the market really need to weigh whether they can withstand this roller coaster market.