Solana Meme Coins Crash: Celebrity Tokens Plummet

Quick Summary:

Celebrity meme coins on the Solana blockchain saw significant value drops, with some tokens losing up to 99% of their peak prices within the first month.

Insiders, which can include team members and celebrities, held between 20% to 90% of the supply for June’s tokens.

According to Bubblemaps, there is a network of insider wallets controlling large portions of these tokens.

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Article Details

Author / Journalist: Sofiya

Category: Crypto

Markets: India

Topics: Solana Meme coins Crash Plummet News Celebrity Tokens Latest News

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-29 @ 22:14:37 (14 hours ago)

News Timezone: GMT +8:00

News Source URL: bitcoinworld.co.in

Language: English

Article Length: 326 words

Reading Time: 2 minutes read

Sentences: 17 lines

Sentence Length: 20 words per sentence (average)

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

Copyright Owner: © BitcoinWorld

News ID: 21839420

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About BitcoinWorld

Main Topics: Crypto

Official Website: bitcoinworld.co.in

Update Frequency: 32 posts per day

Year Established: 2020

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News Last Updated: 13 hours ago

Coverage Areas: India

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