According to data from crypto.news, the Capybara cryptocurrency has dropped 29.2% in the last day
At the moment, the token with an animal motif is trading for $0.002478.
The price of CAPY has increased by almost 80% over the last seven days, despite the fact that it is currently on a downward slope. Even if the Solana-based token has increased by 121.87% in the last month, it appears that the rise is over.
Like other animal-themed meme currencies, such as Moo Deng, the token featuring the little rodent endemic to South America has also undergone a similar journey. CAPY experienced a sharp increase just a few days ago on November 22, hitting a new all-time high of $0.0191521. Since then, however, the token has had difficulty returning to its previous level.
The trading volume of the Capybara token is $4,538, down more than 50% from yesterday. However, the token’s lack of a visible market cap places it far below the cryptocurrency rankings. Furthermore, even if CAPY has a total quantity of one billion tokens, none of them are currently in circulation.
On X, tweets about CAPY and other meme coins like CATI, HMSTR, DUCKS, and DOGS occur almost every minute. Bots using arbitrary accounts appear to have produced the majority of these tweets mechanically.
The CAPY token is a community-driven token that draws inspiration from “the most peaceful animal in the world,” according to its official website, Capybara World. The Capybara coin, which debuted in December 2021, is available for trading on Dexlab and Raydium.
Time has made the capybara one of the most popular animals online. The South China Morning Post reports a surge in capybara content on various social media sites such as YouTube, Instagram, and TikTok. Because of its easygoing and calm nature, the capybara has come to represent tranquility and harmony.
