Solana (SOL) Meme Crypto Losses and Recovery

By
Elio Varela
1 min read
⚠️ Heads up: this article is from our "experimental era" — a beautiful mess of enthusiasm ✨, caffeine ☕, and user-submitted chaos 🤹. We kept it because it’s part of our journey 🛤️ (and hey, everyone has awkward teenage years 😅).

The euphoria around meme cryptocurrencies on the Solana (SOL) blockchain seems to be losing its momentum. In the last seven days, almost all of them witnessed double-digit losses. The segment of Solana (SOL) meme cryptocurrencies experienced significant losses, with Shiba Inu (SHIB) competitors on Solana (SOL) losing 25% on average. Dogwifhat (WIF) demonstrated strong performance amid the collapse, losing only 5.3%. However, Book of Meme (BOME) said farewell to over one third of its USD-denominated value. Conversely, Solama (SOLAMA) is the only cryptocurrency in this segment that closed the week in green, with a nearly 28% price jump. While the meme coins are showing first signs of recovery, the entire segment added 1.2% in the past day, and its capitalization exceeded $5.68 billion. Comparatively, other segments added 3.5% in the same period, with Dogecoin (DOGE) and Memecoin (MEME) being the best performers in the meme coins scene.

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