The price of Meme coins on the Solana blockchain has dropped by more than 70% after going crazy in December last year.
The crazy demand for Meme tokens issued on the Solana blockchain within the cryptocurrency community seems to have disappeared over the past week because the new tokens failed to gather a meaningful community, and the prices of the most popular tokens continue to fall. The price of the dog-themed Meme token BONK rose by over 1,000% in three months and was listed on influential exchanges such as Binance and Coinbase, but its current price has fallen by over 70% from its peak in December last year.
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