Data: Most mainstream memes are down over 90% from their peaks.
According to TechFlow, on November 2, data published by Creative Planning CMO Charlie Bilello shows significant divergence in drawdowns from historic highs across major assets. The S&P 500 index has fallen 3%, while Microsoft is down 6%. Palantir, NVIDIA, Amazon, Tesla, Meta, and AMD have declined between 14% and 24%. Gold is off 31%, Google 32%, SpaceX 41%, and Netflix 54%.
In the cryptocurrency sector, Bitcoin has dropped 39% from its peak, and Ethereum has fallen 55%. Dogecoin, Fartcoin, TrumpCoin, and MelaniaCoin have plunged 90%, 95%, 98%, and 99%, respectively.