Memeland and MEME: the 9GAG meme ecosystem trades 99 percent below its record

The information provided in this article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments carry a high degree of risk. Always conduct your own research.The MEME token trades 99.1 percent below its record high, and the floor price of the Captainz collection has fallen from 9.73 to 0.02 Ether. A stocktake with our own figures, and what a loss means for tax.Memeland is the crypto project behind the joke platform 9GAG, and MEME is its token. Three years after the launch, two figures capture where it stands: MEME trades around 99 percent below its record of March 2024, and the floor price of the project's best-known NFT collection has fallen from 9.73 Ether to 0.02 Ether. We measured both ourselves at midday on Wednesday. This is not a report on a single day but a stocktake. Anyone coming across Memeland today finds a well-known brand, two fully minted NFT collections, a token with 64.8 billion units in circulation and no published development plan. This article sets out what of that is documented, how pricing works in collections of this kind, and what a loss on a sale means for tax in Germany. If you are looking for a venue to tra...