The U.S. consumer is increasingly struggling to keep up with credit-card loan payments, painting a challenging picture for the economy and speculative activity in non-serious assets like meme coins.
Interestingly, meme coins, which are considered among the riskiest of digital assets, have been under pressure in the past four weeks, falling more than market leader bitcoin (BTC). Top meme coins like DOGE, SHIB, and WIF have dropped over 20% against bitcoin's 2.4%.
Degens are likely to stay active in the market despite mounting debt levels.
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