BEER Coin Plunges by Over 70% in a Sudden Drop

IconCryptoNewsTerminal Staff13 Jun, 2024

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BEER Coin Plunges by Over 70% in a Sudden Drop

$ BEER experienced a significant price drop of over 70% compared to the previous day, according to market monitoring data from Coinnis. At press time, BEER is trading at $0.0001611, marking a drop of around 63%. The price decline followed a plunge of approximately 76% earlier today. This sudden drop represents a substantial decline from BEER's all-time high of $0.000804, recorded on May 24, 2022. The current price represents an 85% decrease from that peak. The reasons behind this sharp price drop are not immediately clear. However, the volatility associated with meme coins should be noted, as their value can fluctuate rapidly based on market sentiment and speculative trading.

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