Memcoins on the Solana blockchain fell by 80%
The dog token Bonk, which rose more than 1,000% in the final months of last year, is down more than 70% since December. Then the token was listed by large exchanges such as Coinbase (NASDAQ:COIN) and Binance, and Bonk took 43rd place in the top of the largest crypto assets. Now the token has fallen to 74th place.
Dogwifhat, which gained popularity among cryptocurrency holders thanks to its image of a dog wearing a hat, fell almost 80%. In December, amid the hype around the meme coin, a crypto enthusiast under the pseudonym Blockgraze told how he invested $1,000 in Dogwifhat and earned $100,000.
Lesser-known tokens Popcat and Chipi—both cat-themed—have fallen more than 90% from their peaks last year.
