The memecoin Four.Meme fell victim to an attack, resulting in a loss of digital assets. The platform suspended operations to safeguard its funds.
Details of the Attack
On February 11, 2025, Four.Meme reported on the X social network that it faced malicious activities and temporarily halted operations. According to security firm PeakShield, the platform lost around $183k. However, internal funds remained secure.
Market Reaction
Despite the loss of $183k, the memecoin Four.Meme's value remained stable. At the time of writing, an intraday growth of 4.96% was recorded at a trading price of $0.004583. Market capitalization increased, while trading volume decreased by 19% to $52.58 million.
Memecoin Market Growth
The memecoin market continues to grow. The total market value is $72.55 billion, up 3.97%. Key memecoins like Dogecoin, Bonk, and Pepe are driving this trend. The popularization of cryptocurrencies and the support of active communities are also crucial factors in this growth.
The attack on Four.Meme did not affect the token's market value, indicating the resilience of memecoins. Growing interest and community support continue to drive their popularity.
