The crazy demand for Meme tokens issued on the Solana blockchain within the cryptocurrency community seems to have disappeared over the past week because the new tokens failed to gather a meaningful community, and the prices of the most popular tokens continue to fall. The price of the dog-themed Meme token BONK rose by over 1,000% in three months and was listed on influential exchanges such as Binance and Coinbase, but its current price has fallen by over 70% from its peak in December last year.
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The price of Meme coins on the Solana blockchain has dropped by more than 70% after going crazy in December last year.
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