Open interest is decreasing for all crypto asset classes, but meme tokens are affected the worst. More than 52% of meme open interest left the market, as traders grew skeptical of both blue chip memes ...

Open interest in meme coin futures has significantly decreased as prices have dropped, sparking a debate about the sector’s future. This widespread contraction in OI suggests a major flush of leverage ...

Cramer's post highlighted the chaotic nature of the retail trading phenomenon. "We do need a ‘gone Meme' list at all times," he stated. "Notice that IONQ, an intriguing quantum company, has gone meme.