Meme Tokens Drain Solana: Price Drops 20% as Investors Flee Core Ecosystem

Solana (SOL) goes thru uncertainty as its designate, at gift round $128, has dropped by 20% over the previous 11 days. A key reason on the motivate of this decline is the flood of meme token launches on the platform, which coincided with Solana’s designate stagnation. Quite than riding particular person engagement and boosting transactions, these meme tokens drained point of interest and funds from Solana’s core ecosystem. Which skill, the influx of low-utility tokens has weakened Solana, diverting funding away from more meaningful, long-time period projects.