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Memecoin price, a native ecosystem token of Memeland, has witnessed a notable decline in value recently. Over the past week, the MEME has charted a descending trend, suggesting that bears have taken control amidst broader market corrections.
As May approaches, BeInCrypto has identified noteworthy token unlock events set to influence the market. According to data from TokenUnlocks, in May 2024, the crypto market will see the release of approximately $3.58 billion worth of tokens into circulation.