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In a dramatic turn of events, the Solana ecosystem has witnessed the sudden disappearance of 12 meme coin projects within just 30 days, with a staggering $27 million in value vanished without a trace.

NewsBTC LogoNewsBTC1w ago

In a dramatic turn of events, the Solana ecosystem has witnessed the sudden disappearance of 12 meme coin projects within just 30 days, with a staggering $27 million in value vanished without a trace. - NewsBTC

Quick Summary:

Related Reading: Bitcoin Miners Strike Gold: $107 Million Profit From Runes-Fueled Minting Spree Solana Stampede: A Frenzy Of Frivolous Finance Fueled by social media hype and the fear of missing out (FOMO), a stampede of investors poured money into meme coin presales.

Would avoid any future projects launched by these founders.pic.twitter.com/K610MAEPMn — ZachXBT (@zachxbt) April 21, 2024 Solana Slowdown: When Meme Mania Clogs The Network The meme coin craze wasn’t without collateral damage.

Chart: TradingView Meme Coin Meltdown: A Cautionary Tale For Crypto Curious Investors The rise and fall of Solana’s meme coins serves as a stark reminder of the inherent risks associated with investing in unregulated, highly speculative assets.

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In a dramatic turn of events, the Solana ecosystem has witnessed the sudden disappearance of 12 meme coin projects within just 30 days, with a staggering $27 million in value vanished without a trace. - NewsBTC (Picture 1) In a dramatic turn of events, the Solana ecosystem has witnessed the sudden disappearance of 12 meme coin projects within just 30 days, with a staggering $27 million in value vanished without a trace. - NewsBTC (Picture 2)

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Article Details

Author / Journalist: Christian Encila

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-04-23 @ 07:30:25 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 398 words

Reading Time: 3 minutes read

Sentences: 42 lines

Sentence Length: 10 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © NewsBTC

News ID: 20768046

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About NewsBTC

NewsBTC Logo

Main Topics: Crypto

Official Website: newsbtc.com

Update Frequency: 7 posts per day

Year Established: 2013

Headquarters: United Kingdom

News Last Updated: 11 hours ago

Coverage Areas: United Kingdom

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #102

Publisher Details

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The story " In a dramatic turn of events, the Solana ecosystem has witnessed the sudden disappearance of 12 meme coin projects within just 30 days, with a staggering $27 million in value vanished without a trace." has 398 words across 42 sentences, which will take approximately 2 - 4 minutes for the average person to read.

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The story " In a dramatic turn of events, the Solana ecosystem has witnessed the sudden disappearance of 12 meme coin projects within just 30 days, with a staggering $27 million in value vanished without a trace." was covered 1 weeks ago by NewsBTC, a news publisher based in United Kingdom.

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NewsBTC is a fully independent (privately-owned) news outlet established in 2013 that covers mostly crypto news.

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It's most recent story was published 11 hours ago.

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  • News ID: #20768046
  • URL: https://beamstart.com/news/solana-meme-coin-massacre-12-17138633169399

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