Memecoins on the Solana Blockchain Experience Consistent Weekly Selling Pressure

Quick Summary:

Solana memecoins are trading underwater as investors continue to mark exits due to macroeconomic factors and high volatility.

Although most gains are currently wiped off, several analysts project a rise should the wider market bounce uphill.

Solana memecoin notched significant inflows in Q1 2024 following a memecoin frenzy that saw assets soar to new points.

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Article Details

Author / Journalist: David Pokima

Category: Crypto

Markets: India

Topics: 24/7 Cryptocurrency News Dogwifhat (WIF) Bonk (BONK) Solana memecoins

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-04-16 @ 23:08:33 (2 weeks ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 336 words

Reading Time: 2 minutes read

Sentences: 26 lines

Sentence Length: 13 words per sentence (average)

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

Copyright Owner: © CoinGape

News ID: 20705414

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About CoinGape

Main Topics: Crypto

Official Website: coingape.com

Update Frequency: 70 posts per day

Year Established: 2017

Headquarters: India

News Last Updated: 17 minutes ago

Coverage Areas: India

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Publisher ID: #59

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