Memecoin $MEME Faces Challenges Despite Recent Gains

The native token of the web3 venture studio, Memeland, Memecoin ($MEME), has seen a surge of over 50% in the past 7 days. However, recent setbacks have led to a loss of nearly 12% of its value today. Spotonchain’s on-chain reports indicate that despite the overall excitement surrounding memecoins, the…