"Beercoin, a popular meme coin on Solana, crashed 68% to $0.00018 from a peak of $0.00057. 📉 Capitalization fell to $100 million from $282 million. This coincides with the general decline in the crypto industry. Bitcoin is trading below $66,000, and most altcoins fell by 10% The reason is the Federal Reserve's decision on a possible rate cut. Meme coins like Beercoin are expected to perform worse. The largest holders continue to dump the token, one of them sold 5.4 billion tokens.