The AMC memecoin has experienced a sharp crash over the past 24 hours, plunging more than 55% to trade at **$0.04138**, down from above $0.10 earlier this week, according to data from CoinMarketCap.
The dramatic decline follows a strong rally driven by retail trading momentum and social media hype, but intense profit-taking and thin liquidity swiftly reversed the trend.
The chart shows the token has lost over 59% of its value over the past week, with a recent high of $0.133, meaning the current drop has erased most of its previous gains.
Analysts warn that memecoins are subject to extreme volatility and are highly sensitive to whale movements, with low trading volumes making them vulnerable to rapid sell-offs.
The crash comes amid broader crypto market uncertainty, with investors awaiting the Federal Reserve's interest rate decision – a factor that heightens risk-off sentiment for speculative assets like memecoins.