Capybara is down by nearly 30% in 24-hour trading
The Capybara token has gone down by 29.2% in the past 24-hours of trading, despite the Solana-powered token having soared through the week at 76%.
In the past day, the Capybara(CAPY) token has slid down by 29.2% according to data from crypto.news. The animal-themed token is currently trading hands at $0.002478.
Despite the downhill slope it is currently in, CAPY has been on an upward trend in the past seven days, with its price going up by nearly 80%. The Solana-based token has even seen a 121.87% in the past month, but it seems its rally has come to an end.
The token featuring the adorable South America-native rodent has had an experience quite similar to other animal-themed meme coins such as MOODENG(MOODENG). Just a few days ago on Nov. 22, CAPY went through a meteoric rise, reaching a new all-time-high of $0.0191521. But the token has since struggled to climb back up to its peak.
At the time of writing, the Capybara token’s trading volume stands at $4,538, decreasing by more than 50% compared to the previous day. Though, the token does not have a visible market cap, therefore it is nowhere near the cryptocurrency rankings. Not only that, CAPY also does not have any tokens on its circulating supply, despite its total supply amounting to 1 billion tokens.
On X, CAPY is being tweeted almost every minute along with other meme coins like CATI, HMSTR, DUCKS and DOGS. Most of these tweets seem to be automatically generated by bots using random accounts.
On the official website, Capybara World, the CAPY token is described as a community-driven token inspired by “the most peaceful animal in the world.” The Capybara token was launched in Dec. 2021, available for trading on Raydium and dexlab.
Over the years, the capybara has become one of the internet’s favorite animals. According to the South China Morning Post, there has been an influx of capybara content on various social media platforms like Instagram, TikTok and YouTube. The capybara is known for its laid-back and serene demeanor, becoming a symbol of peace and tranquility.
