**Meme Coin: From Hype to Hibernation?**
- **Meme Coin Drops Drastically**
Meme coins, which were popular in early 2024, are now starting to lose their popularity. According to IntoTheBlock, only a few tokens have shown price increases in the last 30 days.
- **Who's Up?**
Tokens such as doginme, Kimbo, Turbo, Dogelon Mars, and Coq Inu rose 18%, 16.97%, 15.70%, 11.57%, and 10.1% respectively. Meanwhile Dogecoin (DOGE) fell 2.6%, Shiba Inu (SHIB) fell almost 8%, and PEPE was also in the red.
- **Market Speculation**
Will we see another wave of meme coin price increases? Comment your predictions below! đ
- **Meme Coin Scandal**
The Solana blockchain was flooded with celebrity-themed meme coins, but 94% of them plummeted in a month. In fact, 50% lost 99% of their peak value.
- **Sample case**
UK hacker Gurvinder Bhangu was linked to the hack of Sydney Sweeney and Bob Odenkirk's X account for the promotion of Solana tokens, SWEENEY and SAUL, in a pump-and-dump scheme.
What do you think about the future of meme coins? Come on, discuss in the comments column!
