Solana

Base

Bonk

<p>Memecoins, these cryptocurrencies based on jokes or popular themes, have a well-known trend: they flare up quickly before crashing just as fast. Last June, the Solana blockchain became a magnet for these short-lived coins, with an avalanche of new celebrity-inspired coins. Unfortunately, most saw their value plummet shortly after launch.</p>
<h2 id="h-ascension-fulgurante-et-chute-vertigineuse-des-memecoins-sur-solana">Rapid ascent and dizzying fall of memecoins on Solana</h2>
<p>Since the first quarter, the Solana blockchain has seen <a href="https://www.cointribune.com/en/crypto-solana-establishes-new-records-with-its-memecoins/" target="_blank" rel="noopener noreferrer nofollow">a <strong>proliferation of memecoins</strong></a>, notably tokens themed around celebrities. Crypto fans have witnessed a frenzy of launches, with 30 new coins representing influential personalities.</p>
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<p>However, <strong>the party was short-lived</strong>. <a href="https://bitcoinist.com/solana-memecoin-graveyard-majority-of-june-launches-collapse/" target="_blank" rel="noopener noreferrer nofollow">Solana statistics</a> show that <strong>94% of these memecoins lost their value within a month</strong>, and nearly half saw a 99% drop from their peak.</p>
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 <li>94% drop in a month;&nbsp;</li>
 <li>50% lost 99% of their value.</li>
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<p>This volatility highlights the <strong>inherent risks of investing in memecoins</strong>, often inflated by celebrity endorsements and speculation.</p>
<p>Yet, despite these spectacular failures, the Solana community remains dynamic, continually attracting memecoin enthusiasts with projects like <strong>Sealana, which raised $150,000 in its presale</strong>, or Base Dawgz, which offers innovative staking and earnings sharing mechanisms.</p>
<h2 id="h-les-projets-crypto-sur-solana-entre-innovations-et-precautions">Crypto projects on Solana: between innovations and precautions</h2>
<p>Even though many memecoins collapse, <strong>some projects on Solana manage to capture attention with their originality</strong>. Sealana, for instance, stood out with a successful presale and an active community.</p>
<p>Moreover, established projects like <strong>Dogwifhat and Bonk</strong> show that it is still possible to make substantial gains with the right investments.</p> 
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<p>However, caution is still advised. Investors need to navigate this unpredictable world carefully. The easy creation of new tokens on Solana, with <strong>over 500,000 tokens issued in May</strong>, encourages exploration while increasing the risk of encountering short-lived projects.</p>
<p>The <strong>low transaction costs</strong> and the <strong>speed of the network</strong> attract traders, but every investment in memecoins remains a gamble.</p>
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<p>The descent of memecoins was already the subject of <a href="https://www.cointribune.com/en/crypto-game-over-for-memecoins/" target="_blank" rel="noopener noreferrer nofollow">a warning by Santiment</a> earlier this month. The phenomenon recalls the inherent dangers of these volatile investments, despite the enthusiasm they generate.</p>
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Crypto: A disastrous June for memecoins on the Solana blockchain

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Alte articole publicate pe 28 iul. 2024

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