The meme coin project collectively "compromised" with the market, jokingly stating in a post that they are currently transitioning into a "Meme Coin."

BlockBeats News, November 15th, several altcoin project teams including Litecoin, yearn.fi, Manta, TRON DAO, and Renzo jokingly tweeted on social media:

"Given the current market conditions, I think we are actually a Meme coin project."

BlockBeats Note: With the fall in Bitcoin's price, altcoins have once again been hit hard, and currently, only Meme coins are joining the "bull market frenzy" along with Bitcoin. As of the time of writing, among the top 20 gainers on the CoinGecko cryptocurrency market, about 90% are Meme coins. The ETH/BTC exchange rate has dropped to 0.03457, hitting a new low for this bull market cycle. Bitcoin's dominance rate (BTC.D) reached 61.35% yesterday, hitting a new high for this bull market cycle.