Shiba

Solana

Solama

Dogecoin

Shiba Inu

<figure>
 <figcaption>
 Cover image via <a href="https://u.today/" rel="noopener noreferrer nofollow">U.Today</a>
 </figcaption>
</figure>
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.
<h2 id="solana-sol-meme-coins-19-of-20-largest-cryptos-close-week-in-red">Solana (SOL) meme coins: 19 of 20 largest cryptos close week in red</h2>
The last seven days brought significant losses to the segment of Solana (SOL) meme cryptocurrencies. Shiba Inu (SHIB) competitors on Solana (SOL) lost 25% on average, with Peng (PENG) and Book of Meme (BOME) being the worst sufferers. <img alt="Solana meme coins losing traction" data-entity-type="file" data-entity-uuid="2371f690-a922-4574-9455-a2ff0503aca1" src="https://u.today/sites/default/files/inline-images/46428_1.png">Image by <a href="https://www.coingecko.com/en/categories/solana-meme-coins" rel="noopener noreferrer nofollow">CoinGecko</a>
It should also be noted that Dogwifhat (WIF), a flagship cryptocurrency of the segment, demonstrated strong performance amid the collapse.
It only lost 5.3%, while its rivals in the top 25 posted double-digit losses.
The newest large-cap meme coin on Solana (SOL), Book of Meme (BOME), said farewell to over one third of its USD-denominated value and left the top-100 rankings of altcoins with the biggest market cap.
Solama (SOLAMA), the only llama-themed meme coin on Solana (SOL), surprisingly is the only cryptocurrency in this segment that closes the week in green. Its price jumped by almost 28% in the last 24 hours.
<h2 id="solana-sol-meme-cryptos-recovery-lagging-behind-market">Solana (SOL) meme cryptos recovery lagging behind market</h2>
However, after the painful collapse, Solana (SOL) meme coins started showing first signs of recovery. The entire segment added 1.2% in the past day, while its capitalization exceeded $5.68 billion.
To provide context, other segments added 3.5% in the corresponding period.
The meme coins scene increased its capitalization by 3.3%, with Dogecoin (DOGE), Memecoin (MEME) being the best performers.

Solana Meme Coins Rally Over? WIF, BONK, BOME Close Week in Red

Table of Contents

U_Today

Other articles published on Mar 23, 2024

Ethereum Charts a Distinct Path in the Crypto Market

Hedera Forges Strategic Alliance with UK Cryptoasset Business Council

Meme Coin Mania: FLOKI Gains Momentum as Crypto Investors Rally

Crypto Market Weekly Losses Bites Accumulated Gains: Here’s Why

Financial Giants Settle Whistleblower Case for $70 Million

European Union (EU) Adopts Bans and Regulations Regarging Some Areas About Bitcoin and Cryptocurr...

Join our free newsletter for daily crypto updates!