Solana-based coins, which have recently gained popularity, have experienced significant losses in the last 24 hours. According to GMGN data, tokens such as ELIZA, ARC, APPLE, DRUGS, ai16z, PNUT, BLINK and SEND have decreased by double digits. Here are the details…

Solana Coins in Drop

Solana has become a preferred platform for decentralized applications (dApps) and decentralized finance (DeFi) projects with its high transaction speeds and low costs. The Solana ecosystem, which hosts important projects such as Serum (DEX), Raydium (AMM), and Solend (lending protocol), has made significant progress. However, meme tokens in this ecosystem usually gain value through social media trends and speculative movements. According to market data, some tokens that have experienced declines and their losses are listed as follows:

  • ELIZA: Market value fell 40.2% to $43.1 million.

  • ARC: Market value fell 25.3% to $130 million.

  • APPLE: Market value fell 41.1% to $15.8 million.

  • DRUGS: Market value down 34.2% to $13.5 million.

  • ai16z: Market value fell by 25.4% to $706 million.

  • PNUT: Market value fell by 10.37% to $653 million.

  • BLINK: Market value fell by 24.43% to $7.6 million.

  • SEND: Market value fell by 29.8% to $78 million.

In particular, the declines of over 40% in tokens such as APPLE and ELIZA have caused concern among investors. The declines in ai16z and PNUT, which have high market values, also indicate that there is a selling pressure on the general market. The warnings about meme coins are striking: It is stated that such tokens generally have limited practical use and experience large price fluctuations. For this reason, it was emphasized that meme coin investments should be approached with caution. It is important for investors to do detailed research and consider their risk tolerance before investing in meme coins.

Reason for the Decline of Solana Coins:$SOL

One of the reasons for the sharp decline experienced by Solana-based coins is the price movements experienced in the broader cryptocurrency market. Bitcoin (BTC), the world’s largest cryptocurrency, has been experiencing volatility over the past few days. In particular, there was significant volatility following the Fed’s latest monetary policy announcement, and Bitcoin briefly tested a psychological barrier by falling below $100,000. Uncertainty has prevailed in the market as investors digest the Fed’s more cautious approach to rate cuts in 2025. This uncertainty has negatively affected many altcoins, as well as meme coins in the most volatile sectors.