Now that the Solana course continues to fall in the midst of the wider sale of assets

Now that the Solana course continues to fall in the midst of the wider sale of assets, meme coins seem completely disappeared from the earth.

Now that the Solana price continues to fall in the midst of the wider sale of assets, meme coins seem to have completely vanished from the earth.

It already seems as if Solana-meme coins were hugely popular only a few months ago. We couldn’t let a day pass without another celebrity launching his own meme-mint. Sites such as Pump.Fun brought millions of dollars in revenue every day, as gamblers bet on meme coins even before they came on the market to trade. Just like with older meme coins such as Shiba Inu ($Shib), Dogecoin ($DOT) and Pepe ($Pepe), early traders scored big with some of these topr memes by being early and selling while latcomers fumbled over each other to buy.

Solana price is falling

Fast forward to 2024 and the Pro-Crypto Trump administration will take place. Many people called for a big pump on the crypto market for the next four years. Of course, as so often in the crypto industry, this all ended in a big Sell-the-News event. The Strategic Bitcoin Reserve was announced and also the American stock of digital assets. Despite the fact that Solana was mentioned as an important part, the Solana token price fell sharply. Other altcoins were also sold on the news, so that the crypto market crashed strongly.

The absolute top of the crypto markets this year came when both President Trump and his wife launched Melania meme coins, just a few nights before his inauguration. Although the Trump coin was initially pumped, the market capitalization on Tuesday dropped by almost 90% in less than two months.

Returning activity on Pump.Fun

Has the last few days Pump.Fun one of the lowest daily revenues since the launch reported. Compared to the peak in February, when Pump.Fun used to earn more than $7 million in revenue per day, the site has recently hardly been able to bring in a little more than $100,000. At the time, Pump.Fun would create more than 66,000 meme coins every day and now that number has fallen below 25,000 a day.

Moreover, the prices of some of the biggest meme coin projects have fallen. Reached a year ago Dogwifhat ($Wif) Almost $5.00. Today it is traded for just over $0.40. Popcat ($Popcat) reached more than $2.00 last year and is now only $0.15 per coin. There are dozens of other names that have seen huge falls of 80-90% over the past year. Is it that traders realize that meme coins are very useful? Or is it that sites such as Pump.Fun have created in traders and that they are now switching to less risky investments.

Is the meme-muntmarkt dead? Probably not. When the bull market returns, it is possible that we see the biggest meme coins flourish again. But we will probably not see them coming close to record highs, if that ever happens.Claim € 10 free of free crypto today!

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