Solana

Ginnan The Cat

BOOK OF MEME

MEME

<ul>
 <li>Pump.fun has created 5,388 new tokens on Solana.</li>
 <li>Solana (SOL) fell back at $131, following a drop of 0.63% in the last 24 hours.</li>
</ul>
Solana’s meme coin market has taken a sharp decline, with a 21.7% drop over the past week. The downturn comes as the popular token launchpad, Pump.fun, witnessed a drastic drop in user activity and new token creation.&nbsp;
Recently, Pump.fun has created 5,388 new tokens on Solana, as per Dune Analytics. This represents a steady decline in activity from its peak, three weeks ago when the launchpad deployed 20,465 tokens in a single day.
<h3 class="wp-block-heading" id="h-decline-in-meme-coin-prices">Decline in Meme Coin Prices</h3>
The prominent meme coins on the network includes Dogwifhat (WIF), which is down by 0.24%, trading at $1.47. Over the past week, it plunged by over 22%. BOOK OF MEME (BOME) has noted a decline of 1.05%, traded at $0.005917. It was significantly down by over 20% in the past week. On the other hand, Bonk (BONK) and Popcat (POPCAT) are up by 0.66% and 5.62%, trading at $0.00001702 and $0.5701, respectively.&nbsp;
The prices of some major tokens created by the protocol have fallen down coinciding with the Pump.fun statistics decline. A meme coin on Solana, Billy (BILLY) plunged over 15% in the past 24 hours, currently trading at $0.02086. And over the week, the token was down by 34.37%. Ginnan The Cat (GINNAN) trading at $0.051821, dropped by 21.18%, and Michi (MICHI) has spiked by 9.84%, trading at $0.1125.
Moreover, Solana (<a href="https://thenewscrypto.com/will-solana-nft-market-rebound-after-august-decline/" target="_blank" rel="noopener noreferrer nofollow">SOL</a>) has fallen by 0.63%, trading at $131.92, with the trading volume soared by 96.67% to $2.43 billion, as per CMC <a href="https://coinmarketcap.com/currencies/solana/" target="_blank" rel="noopener noreferrer nofollow">data</a>.&nbsp;
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Solana Meme Coins Slump as Pump.fun Loses Momentum

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