The post Solana Meme Coins Face Market Headwinds appeared on BitcoinEthereumNews.com.

BOME is down 1% in 24 hours and 25.56% in the past 30 days.  BONK is down 2.10% in 24 hours and 36.25% in the past month. WIF is down 1.76% in 24 hours and 43.58% in the past month. The meme coin sector suffered significant downturn in the recent market crashes and meme coins on leading blockchain network, Solana, continue to bleed as investors remain hesitant from opening positions during these uncertain times. The crypto crash was initiated with leading cryptocurrency Bitcoin (BTC) failing to break above the $60,000 price level, resulting in the crash of meme coins as well.  The top three most-popular meme coins on the Solana blockchain, dogwifhat (WIF), Bonk (BONK), and BOOK OF MEME (BOME) saw significant losses while the total market cap of the meme coin sector fell 2% to $38.4 billion, and the trading volume of these tokens reached $3 billion. The top-performing meme coin was Sundog (SUNDOG), with a price increase of 77% in the past 24 hours, according to CoinGecko data. On the other hand, the prices of WIF, BONK, and BOME, all part of the top 10 meme coins by market capitalization, have plunged massively in the past 24 hours, wiping out millions from… The post Solana Meme Coins Face Market Headwinds appeared first on Coin Edition. Source: https://coinedition.com/solana-meme-coins-face-market-headwinds/

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Filed under: News - @ August 20, 2024 4:15 am