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The euphoria round meme cryptocurrencies on the Solana (SOL) blockchain appears to be shedding its momentum. Within the final seven days, virtually all of them witnessed double-digit losses.
Solana (SOL) meme cash: 19 of 20 largest cryptos shut week in purple
The final seven days introduced important losses to the phase of Solana (SOL) meme cryptocurrencies. Shiba Inu (SHIB) rivals on Solana (SOL) misplaced 25% on common, with Peng (PENG) and E-book of Meme (BOME) being the worst victims.
It also needs to be famous that Dogwifhat (WIF), a flagship cryptocurrency of the phase, demonstrated sturdy efficiency amid the collapse.
It solely misplaced 5.3%, whereas its rivals within the high 25 posted double-digit losses.
The most recent large-cap meme coin on Solana (SOL), E-book of Meme (BOME), mentioned farewell to over one third of its USD-denominated worth and left the top-100 rankings of altcoins with the largest market cap.
Solama (SOLAMA), the one llama-themed meme coin on Solana (SOL), surprisingly is the one cryptocurrency on this phase that closes the week in inexperienced. Its worth jumped by virtually 28% within the final 24 hours.
Nevertheless, after the painful collapse, Solana (SOL) meme cash began exhibiting first indicators of restoration. All the phase added 1.2% prior to now day, whereas its capitalization exceeded $5.68 billion.
To supply context, different segments added 3.5% within the corresponding interval.
The meme cash scene elevated its capitalization by 3.3%, with Dogecoin (DOGE), Memecoin (MEME) being one of the best performers.
