Despite the fact that $BTC Bitcoin has reached a new all-time high, the madness of meme coins on the Solana blockchain seems to be fading. Solana meme coins, Peanut the Squirrel ($PNUT ) and Act I: The AI Prophecy ($ACT ), have experienced significant price drops following their recent listing on Binance. This decline casts a shadow on the sustainability of the meme coin frenzy and highlights the risks of investing in such volatile assets.

Both tokens were listed on Binance, the world's largest digital asset trading platform, but both have significantly plummeted: PNUT - down 10.38% to $1.44, and ACT - down 9.48% to $0.4791. In just the last seven days, ACT has crashed by 43.34%, while PNUT has lost 36.94% of its value. PNUT is trading at a discount of 40.72% to its all-time high of $1.44, while ACT has fallen by 48.61% from its all-time high of $0.942.

Prior to their listing on Binance, these cryptocurrencies had shown colossal growth. According to CoinMarketCap data, ACT grew by 1690.21%, while PNUT grew by 2634.67% over the last month, outperforming most altcoins and bringing significant profit to holders.