Solana (SOL) Meme Crypto Losses and Recovery

By
Elio Varela
1 min read

News Content

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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