📉 Memecoins, beware! đŸ˜± Solana and Base's memecoin market caps have plunged 12% and 19% respectively in the last 24 hours. The drop coincides with Bitcoin's 4.94% fall. Some analysts say memecoins typically plummet when BTC falters, while others think the humor's simply run its course. đŸ€·

- Solana's memecoin market cap: $8.29 billion

- Base's memecoin market cap: $1.47 billion

- Total crypto market cap: $2.45 trillion (6.14% drop)

What do you think? Are memecoins just a passing trend, or is there more to it? Share your thoughts in the comments! 👇