The Capybara token is down 29.2% in the last 24 hours of trading, although the Solana-powered token has climbed 76% over the week.
Yesterday, the Capybara(CAPY) the token fell by 29.2% according to data from crypto.news. The animal-themed token is currently trading at $0.002478.
Despite the downward slope it currently finds itself in, CAPY has been on an upward trend over the past seven days, with its price increasing by almost 80%. The Solana-based token even saw a rise of 121.87% over the past month, but it appears its rally is over.
The token depicting the adorable rodent native to South America had a somewhat similar experience to other animal-themed meme coins such as MOODENG(MOODENG). Just a few days ago, on November 22, CAPY saw a meteoric rise, reaching a new all-time high of $0.0191521. But the token has since struggled to climb back to its peak.
At the time of writing, trading volume for the Capybara token stands at $4,538, down more than 50% from the previous day. However, the token has no visible market capitalization, so it is far from the cryptocurrency rankings. Additionally, CAPY also has no tokens on its circulating supply, despite its total supply amounting to 1 billion tokens.
On X, CAPY is tweeted almost every minute along with other meme coins like CATI, HMSTR, DUCKS and DOGS. Most of these tweets appear to be auto-generated by bots using random accounts.
On the official website, Capybara World, the CAPY token is described as a community token inspired by “the most peaceful animal in the world.” The Capybara token was launched in December 2021, available for trading on Raydium and dexlab.
Over the years, the capybara has become one of the Internet’s favorite animals. According to the South China Morning PostThere has been an influx of capybara content on various social media platforms like Instagram, TikTok, and YouTube. The capybara is known for its relaxed and serene attitude, becoming a symbol of peace and tranquility.