PlayDoge as Presale Surpasses $4.2 Million
The meme coin market is in freefall, with prices plummeting across the board.
However, one project is defying the trend.
PlayDoge (PLAY), the nostalgic gaming token, has already raised over $4.2 million in its ongoing presale, as retail investors flock to it.
Meme Coin Mania Cools as Market Turns Red
It has been a bleak week for meme coin investors.
The market capitalisation of meme coins has dropped to below $55 billion, with spot trading volumes falling 34% in the past 24 hours to just $4.7 billion.
This selling pressure has not spared many of the major players.
Although stalwarts like DOGE
The sole bright spot is BOME, which somehow managed to rise over 9% amid the sell-off.
But one standout winner cannot hide the downturn that is gripping meme coins at present.
Interestingly, there does not appear to be a clear catalyst for the sell-off.
It may be that Bitcoin’s sluggish performance this week has dragged meme coins down.
Whatever the reason, the atmosphere is tough right now – and investors are hoping sentiment will shift sooner rather than later.
Retro Gaming Token PlayDoge Defies Trend, Raises $4.2 Million in Presale
While the meme coin market is down, one newcomer is still performing well – PlayDoge.
This nostalgic P2E gaming project has already raised over $4.2 million during its ongoing presale.
Considering how quickly things have turned for meme coins this week, it is an impressive feat.
But then, PlayDoge is anything but a standard meme coin.
By combining the popular Doge mascot with classic 90s-style Tamagotchi gameplay, it taps into two powerful forces at once.