BAGS Ecosystem Meme Coin NPM Plunges 80%: From $8.9 million to $800,000 rollercoaster

NonFungibleDegen · 2026-01-20T04:22:11+00:00

Recently, the Meme token NPM in the BAGS ecosystem experienced extreme volatility, with its market capitalization dropping from $8.9 million to $800,000 within 5 hours of launch, a decline of over 80%. The token pays tribute to the world's largest package manager NPM, highlighting that Meme coins largely rely on community enthusiasm and narrative-driven growth, so caution is advised when investing.

NonFungibleDegen

2026-01-20 04:22:11

Abstract generation in progress

【Blockchain Rhythm】The Meme token NPM of the BAGS ecosystem has recently experienced a “roller coaster” market. In just 5 hours since its launch, this token’s market cap plummeted from a peak of $8.9 million to a low of $800,000, with an hourly decline of over 80%, and a trading volume reaching $13.2 million during this period.

Regarding the background of this token, NPM pays tribute to the world’s largest package manager NPM—taking its founder Isaac Z. Schlueter as inspiration. Schlueter is known in the developer community by the nickname “V God,” indicating that this token was thoughtfully designed.

However, this fluctuation also serves as a reminder to many investors of a reality: most Meme coins fundamentally lack practical application scenarios and are mainly driven by community enthusiasm and narrative to influence prices. Once the hype subsides or large holders exit, price volatility can become extremely intense. For investors with limited risk tolerance, such assets indeed require extra caution.

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AllTalkLongTrader

· 14h ago

8.9 million to 800,000, this is the fate of Meme coins --- NPM's wave of cutting leeks is textbook level, even V God can't save it --- Is it community hype again? Basically, it's a game for whales to take over --- An 80% drop within five hours, no wonder Meme coins are magical realism --- No matter how good the narrative is, without application scenarios, it's all pointless. Did anyone get any gains this time? --- I just want to know who was still throwing money in when it was at 8.9 million --- A typical get-rich-quick trap, and someone got cut again --- The way Meme coins are cut is becoming more and more familiar, no feeling --- From paying tribute to NPM to paying tribute to being cut, it's ironic --- A rollercoaster in 5 hours, how many people are to thank for this? --- Once hype fades, big players run away, retail investors catch the last bag, old routine

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OnchainGossiper

· 23h ago

It's the same old trick again, from 8.9 million in 5 hours down to 800,000—classic rug pull rehearsal. What era are we in that people still believe meme coins have a future? Honestly, it's just gambling. Even Satoshi wouldn't be this exciting, lol. These worthless coins should have been cooled off long ago.

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GasFeeAssassin

· 23h ago

8.9 million to 800,000, this is the daily life of meme coins, only gamblers get in --- Haha, another good show. Once the hype dies down, the true nature is revealed --- Is this what programmers call a "tribute"? A tribute to bankruptcy, right? --- 80% drop within 5 hours... Oh my god, I’m still too inexperienced --- When big players run, retail investors become the last bagholders. Old trick --- No matter how good the narrative sounds, it can't change the fact that there are no use cases --- So this is why I will never touch meme coins, it's too intense for my heart to handle --- Even Vitalik’s ban can't save this coin, hilarious --- A trading volume of 13.2 million but only an 80% drop? Liquidity is really terrible --- Another project destined to fail. See you next time

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zkNoob

· 23h ago

8.9 million drops to 800,000, this is meme coin, relying purely on stories and hype. Once the dump happens, it's game over. --- Even Vitalik doesn't mess around this much, it's hilarious. --- Another five-hour roller coaster. Are you still buying the dip, guys? --- Sounds pretty high-end, but is that all? Praying won't save this coin. --- Trading volume of 13.2 million but dropped like this. Big whales probably sold early. We're just the bag holders now. --- Meme coin is just gambling with a different name. We should be cautious, and we still need to be cautious. --- Unstoppable, from heaven to hell in five hours. I bet five bucks—forum is now full of people crying after cutting losses. --- This is hilarious. Still paying homage to NPM? Turns out NPM can't even save NPM coin. --- That's why I only lurk and don't buy. Watching the show is enough.

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SybilSlayer

· 01-20 04:33

Another meme coin death scene, dropped from 8.9 million to 800,000 in 5 hours, truly astonishing.

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ForkTrooper

· 01-20 04:28

8.9 million to 800,000, this is meme coin haha --- When big whales sell, the price crashes immediately. I'm tired of this script --- Damn, an 80% drop in 5 hours. Is this farming or playing? --- Another project that went bankrupt after telling stories. Once the hype is gone, it's over --- That npm tribute vibe, well-packaged but useless

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