Tema may garner attention on shiba inu coin bonesocial media with over 2.7 million TikTok fans tuning in to watch the beloved raccoon, but as a meme coin, it’s trending for the wrong reasons.

Tema (TEMA), at last check Sunday, was down about 24% and trading at $0.04046. It currently a market cap of $40.5 million, a circulating supply of more than 999.9 million and a 24-hour trading volume of around $7.87 million.

The meme coin — launched on the Solana blockchain — is inspired by a raccoon named Tema, which has over 2.7 million followers on TikTok.