The meme coin sector is experiencing significant losses, with MOTHER and DADDY coins among the worst hit. MOTHER, endorsed by Iggy Azalea, dropped over 40%, while DADDY, backed by Andrew Tate, fell 22% in a single day. The broader cryptocurrency market also retraced, with Bitcoin and Ethereum facing declines. Investors are advised to exercise caution amid the ongoing market volatility.
Disclaimer: Please note that the information provided in this article is based on the referenced research articles. It is essential to conduct further research and analysis before making any investment decisions. The cryptocurrency market is highly volatile, and investors should exercise caution and consult with financial professionals before engaging in cryptocurrency trading or investment activities.
