Ethereum

Solana

Bonk

The prices of most meme tokens in the Solana ecosystem – BONK, WIF, ANALOS, and others – have almost halved over the past month. 
According to the CoinGecko service, the Dogwifhat (WIF) token, launched in November 2023, showed a significant drawdown – 76% from its maximum at $0.33. At the time of writing, the asset is trading at $0.08. The coin’s market capitalization also fell from $324 million to $78 million. 
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 <img loading="lazy" decoding="async" width="1024" height="268" src="https://crypto.news/app/uploads/2024/01/Screenshot-2024-01-08-at-14.59.15-1024x268.png" alt="Solana meme tokens collapse after December pump - 29" class="wp-image-14235506">
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 Source: CoinGecko
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</figure> 
Another token that has received particular recognition from cryptocurrency enthusiasts, <a href="https://crypto.news/tag/BONK/">Bonk (BONK)</a>, has fallen 70% from its December highs. The asset is currently trading at $0.00001018. The fall was accompanied by a reduction in capitalization (from $1.5 billion to $620 million) and trading volumes. 
Another new meme coin that has become a parody of Solana, AnaloS (ANALOS), recorded a drawdown of 92% from its December all-time high. Despite the quote decline, the asset demonstrates a high trading volume of $26 million. 
 You might also like: <a href="https://crypto.news/solana-flips-ethereum-in-7-day-stablecoin-volume/"> Solana flips Ethereum in 7-day stablecoin volume </a> 
At the same time, the new token PEPECOIN on SOL (<a href="https://crypto.news/tag/pepe/">PEPE</a>), launched at the end of December, became the top gainer. Over the past 24 hours, the token has risen by 94%, reaching a price of $0.002414. 
<figure class="wp-block-image size-large">
 <img loading="lazy" decoding="async" width="1024" height="583" src="https://crypto.news/app/uploads/2024/01/Screenshot-2024-01-08-at-14.29.28-1024x583.png" alt="Solana meme tokens collapse after December pump - 30" class="wp-image-14235507">
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 Source: CoinGecko
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</figure> 
Meanwhile, the naive Solana blockchain token, <a href="https://crypto.news/price/solana/">SOL</a>, <a href="https://crypto.news/solana-falls-to-90-indicator-suggests-potential-for-rally/">witnessed</a> significant declines over the past week after registering consistent gains in December 2023. Over the past 24 hours, the token price has fallen by more than 2%, reaching $92.49 after multi-month highs in December. 
 You might also like: <a href="https://crypto.news/solana-falls-below-110-trails-bnb-again/"> Solana falls below $110, trails BNB again </a>

Solana meme tokens collapse after December pump

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