Bitcoin’s sudden drop below the $100,000 mark on December 19th marked the start of a market-wide downturn that saw the broader crypto market cap dip to as low as $3.13 trillion after hitting a new ATH of $3.79 trillion on December 17th.

Altcoins followed suit, and the meme coin space suffered some of the heaviest blows, dropping below $100 billion and having its top five tokens dip 10-30% over the week.

As panic selling bolsters the losses over the past 48 hours, presales like Crypto All-Stars (STARS) reflect investors’ confidence in the potential rebound of meme coins. Crypto All-Stars concluded its presale phase amidst the market-wide drop, which didn’t prevent it from raising over $2 million from December 19th to December 21st.

Although the presale is now closed, investors will still have a chance to add STARS to their portfolios once it hits the DEXs at 2 PM UTC on December 23rd.

Crypto All-Stars Seeks to Unite All Meme Coin Holders Under One Roof

One-quarter of the project’s total token supply is allocated to powering and the development of its crown jewel – the MemeVault. MemeVault will offer meme coin holders a unique opportunity to stake all their tokens on a single platform rather than relying on multiple solutions.

The staking protocol is built to support tokens from multiple chains and leverages the ERC-1155 multi-token standard to provide its users with a flexible and scalable solution for their meme tokens.

With the MemeVault, Crypto All-Stars also intends to reward its users by enabling them to passively earn STARS as they stake other tokens. According to the presale’s website, the MemeVault will support DOGE, PEPE, SHIB, FLOKI, MOG, and several other tokens from day one.

Those holding STARS will earn additional rewards, up to three times higher, depending on the amount they hold, creating a strong incentive to purchase and hold the tokens. This could create scarcity in the supply and drive the price of STARS, benefitting its holders and the broader STARS ecosystem.

Those who already entered the presale don’t have to wait for MemeVault’s release to accumulate more STARS,