Cryptocurrencies and tokens based on Solana and Avalanche have fallen sharply in price
The SOL cryptocurrency has fallen in price by 7% over the past 24 hours, and AVAX by 9%. Profits from coins that showed explosive growth at the end of last year have virtually disappeared. The main breakthrough of the Solana blockchain, the meme token Bonk, fell in price by 10% overnight, and Joe, an Avalanche-based token, fell by 12%.
Dogecoin is currently trading at $0.07. Over the weekend, it rose to $0.09 amid speculation about its implementation in the payment service of the social network X (formerly Twitter).
The CoinDesk 20 Index, which tracks the highest capitalization tokens, fell about 4%.
