Read

The newly famed <a href="https://crypto.news/meme-coins/" rel="noopener noreferrer nofollow">meme coin</a> in the market, HarryPotterObamaSonic10Inu, has constantly fallen over the past week while its social dominance witnessed a small rise. 
Santiment data shows that HarryPotterObamaSonic10Inu was developed in mid-May with the “BITCOIN” ticker and a starting price of around $0.002. Since then, the asset has risen by more than 6,300% and reached an all-time high (ATH) of $0.1977 on Aug. 20. 
<figure class="wp-block-image size-large"> 
 <img decoding="async" fetchpriority="high" width="1024" height="347" src="https://crypto.news/app/uploads/2023/08/HarryPotterObamaSonic10Inu-ERC-20-BITCOIN-12.25.47-23-Aug-2023-1024x347.png" alt="HarryPotterObamaSonic10Inu price plunges while social activity hikes - 1" class="wp-image-14187572"> 
 <figcaption class="wp-element-caption">
 HarryPotterObamaSonic10Inu price, whale activity and social dominance – Aug. 23 | Source: <a href="https://app.santiment.net/charts/harrypotterobamasonic10inu-100k-whales-and-social-dominance-21364" target="_blank" rel="noopener noreferrer nofollow">Santiment</a> 
 </figcaption> 
</figure> 
However, the <a href="https://crypto.news/meme-coins-drove-40-of-us-%d1%81rypto-investments-survey-reveals/" rel="noopener noreferrer nofollow">meme coin</a>, dubbed “the people’s Bitcoin” on social media, has plunged 19.3% in the past 24 hours. The drop comes despite a high 24-hour trading volume of $16.7 million, a 12.2% rise. 
 You might also like: <a href="https://crypto.news/shibarium-announces-its-fourth-upgrade/" rel="noopener noreferrer nofollow"> Shibarium announces its fourth upgrade </a> 
On-chain data <a href="https://etherscan.io/token/0x72e4f9f808c49a2a61de9c5896298920dc4eeea9" target="_blank" rel="noopener noreferrer nofollow">shows</a> that HarryPotterObamaSonic10Inu’s market capitalization has reached $129 million with 10,760 unique addresses holding the asset. The so-called “people’s Bitcoin” is trading at $0.126 at the time of writing. 
According to data provided by the market intelligence platform, HarryPotterObamaSonic10Inu’s social dominance has been consistently rising since Aug. 19 after taking a deep dive the day before.&nbsp; 
On the other hand, the asset’s daily whale transactions consisting of at least $100,000 worth of HarryPotterObamaSonic10Inu coins dropped by 75% over the past day — falling from 12 trades to only 3 in the past 24 hours.&nbsp; 
The <a href="https://crypto.news/memecoins-musk-tesla-space-x-doge-payments/" rel="noopener noreferrer nofollow">meme coin</a>’s top whale transactions reached an ATH of 16 on Aug. 17 as the asset’s price took a deep dive from $0.17 to $0.12 in less than 4 hours. 
 Read more: <a href="https://crypto.news/binance-us-collaborates-with-moonpay-amidst-regulatory-pressures/" rel="noopener noreferrer nofollow"> Binance US collaborates with MoonPay amidst regulatory pressures </a>

HarryPotterObamaSonic10Inu price plunges while social activity hikes

crypto.news

Other articles published on Aug 23, 2023

Binance Labs Invested in Pendle Finance

EDX announces Anchorage Digital as crypto custodian for upcoming EDX Clearing

Buyer Failed to Catch FCEL Stock Price; Tumbled Over 22%

Best New Altcoin Rising Up After (SEC) VS. Ripple Updates With Litecoin & Big Eyes Infinity

Big Eyes Infinity’s Comeback Tale Draws Inspiration From Ethereum And Chainlink

TRON Price Prediction: TRX Persist In Rise, Targeting $0.09000

Join our free newsletter for daily crypto updates!