Solana price prepares a wild ride as risks rise
Solana price crashed for two straight days as the ongoing crypto market sell-off hit its meme coin ecosystem.
Solana (SOL) dropped to $127 on Saturday, down by 15% from its highest point this week. It has dropped to its lowest level since March 2021.
The decline happened as most Solana meme coins crashed, erasing most of the gains made earlier this week. Fartcoin (FARTCOIN) crashed by 15% on Saturday, while popular tokens like Popcat (POPCAT), ai16z (AI16Z), and Bonk (BONK) fell by over 10%.
The market cap of all Solana meme coins tracked by over 10% to $7.2 billion. This drop means that these tokens have erased over $18 billion in value in the last few days.
Third-party data shows that crypto traders bought…
