Quote from: bbc.reporter on August 19, 2024, 02:45:25 AM

Losing $20 billion in less than 90 days is no small feat, and the future of the meme coin market remains uncertain.[/i]

It was bound to happen because once the hype was over and the whales filled their bags with money, they dumped meme coins and now the retail investors (who wanted to get rich quickly) are in losses. Meme coins are for short-term investment, invest when the price is low, take advantage of the hype, exit the market, and do not invest in the same coin.
Usually, large investors/ whales select a coin, create hype, pump it 2x to 10x, empty their bags, take profit, and move to the next coin. Many coins were pumped significantly in the 2021 alt season, and now they are nowhere to be seen.

Quote from: bbc.reporter on Today at 03:13:04 AM

There is positive news for memecoin holders and traders of other tokens in Solana. According to this news update, Paypal USD market capitalization has reached more than $1 billion and much of the supply is in Solana.

Solana's ecosystem is expanding quickly and I think Solana will be the next big thing in the coming months. I am expecting a significant pump in Solana's market value.