Drake-Related Meme Coin WYNN: From $85M Market Cap To $1.5M—The Dogecoin And Shiba Inu Dreams Are Over
Posted On September 25, 2024
Few tokens have experienced the meteoric rise and fall as quickly as WYNN (CRYPTO: WYNN), a meme coin launched in January this year.
Initially, WYNN surged to an all-time high (ATH) market cap of $85 million, driven in part by social media buzz and a reported indirect endorsement from artist Drake.
However, as of now, WYNN’s market cap has plummeted to $1.5 million, according to data from DexScreener.
How It Started: The Rise Of WYNN
Back in January, the meme coin caught the attention of the crypto community, fueled by a sudden spike in mentions across social platforms.
WYNN climbed from under $1 million to $5 million in just two days, reaching an ATH of $85 million soon after.
The token’s rapid ascent was linked …
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