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 <p class="is-style-lead">The meme coin market has been highly volatile this week, with Gorilla (GORILLA) crashing by over 30% since Nov. 22. Given the sell-off, <a rel="noopener noreferrer nofollow" title="investors" href="https://thebittimes.com/tag/investors.html">investors</a> have questioned whether GORILLA’s hype cycle is ending. Amid this, meme coin enthusiasts are exploring a new altcoin, Meme Kombat (MK), which recently launched its presale.</p>
 <h2 class="wp-block-heading" id="strong-meme-coin-gorilla-drops-60-from-all-time-high-strong"><strong>Meme coin GORILLA drops 60% from all-time high</strong></h2>
 <p>At the time of writing, the GORILLA price is hovering around $0.0011 – a 60% drop from its all-time high&nbsp;recorded&nbsp;on Nov. 21.</p>
 <p>Before this all-time high, GORILLA had traded sideways since Nov. 10, when it was first launched on Uniswap.</p>
 <p>The token began picking up steam on Nov. 20 and eventually rocketed by over 670% in just two days.</p>
 <p>GORILLA had a market cap of over $2.3 million at its peak.</p>
 <p>However, as with most trending meme coins, profit-taking occurred after the token’s run-up.</p>
 <figure class="wp-block-image"><img decoding="async" src="https://thebittimes.com/image/getimage/?url=https://lh7-us.googleusercontent.com/IGFwvBxFGeujd_eJaUs2-9czDxP-vqWCJyFJTVG3alAmubn3t5nFffMVLEK4PJpvSPkUJ1cKUKVnYpEeOT4KhNb8XvOHa7iUtxTuFTksBTkiUH_vTrjKBOFzfFxU48lMV_D1FStyyi_Au89lsbH1oTM" alt="GORILLA tanks 30%, meme coin investors considering MK - 1">
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 <p>This event has forced GORILLA prices lower in the past 48 hours.</p>
 <p>Prices have since recovered from the $0.00055 level.</p>
 <p>Whether this comeback results in GORILLA returning to its all-time high remains to be seen, but it suggests that traders are still interested.</p>
 <h2 class="wp-block-heading" id="strong-exploring-the-gorilla-ecosystem-strong"><strong>Exploring the GORILLA ecosystem</strong></h2>
 <figure class="wp-block-image is-resized"><img decoding="async" src="https://thebittimes.com/image/getimage/?url=https://lh7-us.googleusercontent.com/5ZwHOw_KyRcECuyFevHC-ghC_auVw6VlFpRkw6EEQU1B9ZapFCvviTjuF2s9Mi1ZPrf-ExwglKgMvCo2cG1-DvxCHkFnUg-g1DWl14qNZU0rVRklAO-mTxi-FM_UG0uXIRPUlBYAwMpNwD63bU0NVtA" alt="GORILLA tanks 30%, meme coin investors considering MK - 2" style="aspect-ratio:1.1192842942345924;width: 100%;height:auto">
 </figure>
 <p>GORILLA is a community-owned and governed meme coin that aims to create an ecosystem centered around its holders.</p>
 <p>The GORILLA ecosystem includes Gorilla Swap, which enables cross-chain exchanging using innovations like AI trading mirrors.</p>
 <p>Gorilla Pad is an IDO launchpad for projects to conduct presales with essential security, convenience, and marketing tools.</p>
 <figure class="wp-block-image"><img decoding="async" src="https://thebittimes.com/image/getimage/?url=https://lh7-us.googleusercontent.com/SAtD7Ab77Oxuk4DSddvaCQvVKqxYs8-QlyubfPHG22fc_cpYrTb-xR0ho3CAyC97qWvRdrUTk7NI-Hii6P8QDw1qA50V3rCIyUUnTFmaVvK73ccxhq68B2UHHryo7vOY2Rrxx8H9xhg9ahAA0pD57Tc" alt="GORILLA tanks 30%, meme coin investors considering MK - 3">
 </figure>
 <p>Part of the taxes from sales on Gorilla Pad goes back into the GORILLA ecosystem for buybacks, liquidity, listings, and other growth mechanisms.</p>
 <p>Beyond that, GORILLA also has a non-fungible token (NFT) collection, Mad Gorilla Unified Cryptonairs, which is limited to 3,333 NFTs on Ethereum.</p>
 <p>Holders can stake their NFTs to earn rewards in the ecosystem’s BANANAS token.</p>
 <p>Although GORILLA prices fell, the project still offers multiple <a rel="noopener noreferrer nofollow" title="Category Features" href="https://thebittimes.com/features.html">Features</a> that could sustain long-term growth if a reversal occurs.</p>
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 <h2 class="wp-block-heading" id="strong-meme-kombat-raises-2m-in-presale-strong"><strong>Meme Kombat raises $2m in presale</strong></h2>
 <p>As GORILLA struggles, another meme coin project,&nbsp;&nbsp;Meme Kombat,&nbsp;emerges as a potential alternative for <a rel="noopener noreferrer nofollow" title="investors" href="https://thebittimes.com/tag/investors.html">investors</a>.</p>
 <p>Meme Kombat aims to combine memes with combat gaming, creating a platform where users can bet on fights between characters inspired by popular meme coins.</p>
 <p>Bets are made using MK, Meme Kombat’s native ERC-20 token.</p>
 <figure class="wp-block-image"><img decoding="async" src="https://thebittimes.com/image/getimage/?url=https://lh7-us.googleusercontent.com/9EpjQmaqKvpHSgTYKNMi4QVn7GGy049PiRuQw-4SVUNQaNabd-Th0O9arKrHEkKt3N_TwWjx5YsqCAi6Vn5xU4si-2v3VHTK9nQ6NyPDRCP8bsF9KeWHus66rd1YG5vdYShFgAtHupcxZ9p4uaUTHQs" alt="GORILLA tanks 30%, meme coin investors considering MK - 4">
 </figure>
 <p>Matt Whiteman&nbsp;leads the project.</p>
 <p>As COO of North Technologies and former CEO of Phat Loot DeFi, he brings years of relevant industry experience.</p>
 <p>&nbsp;Meme Kombat offers additional <a rel="noopener noreferrer nofollow" title="Category Features" href="https://thebittimes.com/features.html">Features</a> such as staking&nbsp;rewards&nbsp;of up to 457% APY and tokenomics.</p>
 <p>50% of the total MK supply is allocated to the presale, which has already raised over $2 million in early investment.</p>
 <figure class="wp-block-image"><img decoding="async" src="https://thebittimes.com/image/getimage/?url=https://lh7-us.googleusercontent.com/77bYQDbk7dznXF_YEhpSTXHOEFbiE5ud_kLEYHXU2UEDhpy57E-tA5ioCa4dvPr50_YIYAmuA444hw8iMeS5UHjkMGEewHdy3UvcYGKDlF8AtOImSqYXnb8O5N9C-1vnQbGN8DDc1Q68bw0cqOpEf3c" alt="GORILLA tanks 30%, meme coin investors considering MK - 5">
 </figure>
 <p>Currently, MK is available for $0.214 in stage 4 of the presale.</p>
 <p>Each stage will see the MK price rise incrementally before eventually reaching $0.279 in the final phase.</p>
 <p>After the presale, the development team plans to list MK on decentralized exchanges like Uniswap, reserving 10% of the token supply for liquidity.</p>
 <p>Gorilla is finding it challenging to stay relevant and maintain its momentum. However, Meme Kombat’s combination of memes and gaming could offer alternatives for meme coin <a rel="noopener noreferrer nofollow" title="investors" href="https://thebittimes.com/tag/investors.html">investors</a>.</p>
 <p><strong>Visit Meme Kombat presale</strong></p>
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  </svg> <span class="cn-block-related-link__prefix"> Read more: </span> Meme Kombat launches public token presale, staking platform
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/gorilla-tanks-30-meme-coin-investors-considering-mk-tbt71517.html">https://thebittimes.com/gorilla-tanks-30-meme-coin-investors-considering-mk-tbt71517.html</a></p>

GORILLA tanks 30%, meme coin investors considering MK

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