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Meme Coin Extinguished Total Market Cap Falls Back to Last November Level, Solana Falls 40% Heavy Monthly Can Hold $160?
After experiencing a continuous fall, IntoTheBlock pointed out yesterday (18) that the current meme coin overall Market Cap has returned to the level of November 2024, and according to CoinGecko data, the main position of the current round of bull market meme coin, Solana, has also been seriously impacted. (Synopsis: The dark forest of meme coin: the industrial harvesting pipeline earns millions a day, and one in ten thousand retail investors can pan for gold) (Background supplement: Meme coin has declined for a short time, why should you follow the RWA track that rises against the trend? Cryptocurrency data intelligence platform IntoTheBlock posted on the social platform X later yesterday (18) that the meme coin (Memecoin) track has returned to the level of November 2024 after several months of fall, and the current overall Market Cap has returned to the level of November 2024 (when the meme coin ushered in a collective surge in celebration due to Trump's victory in the US election), Almost all of the winter's gains have been pulled back. After multiple consecutive monthly declines, the memecoin market cap is nearing its November 2024 levels, effectively undoing all the gains from this winter’s memecoin season. pic.twitter.com/cMGs5WdeV1 — IntoTheBlock (@intotheblock) February 18, 2025 Solana Meme Market Capfall to $10 billion We know that in addition to DOGE (DOGE), PEPE (Pepe Frog), SHIB and other top meme coins, this round of bull market meme coin is mainly born on the old public chain Solana, whether it is the animal meme coin based on WIF (dog hat coin), POPCAT, BOME, or the subsequent birth of GOAT, ACT, ai16z and other AI-themed meme coins (including the concept of DeFAI derived from this), as well as the recent celebrity coin boom led by Trump, Solana are the main positions of these meme coins. According to CoinGecko data, the current meme coin overall Market Cap on Solana has fallen to about $10 billion, and there are only 16 Market Caps that exceed $100 million, many of which are more than 90% of tokens that have retraced more than 90% from their all-time highs, and the top ten tokens in the Market Cap on Solana have also fallen recently, such as ai16z and Fartcoin. In just the past week, 47% and 49.6% of the big dumps have been made, respectively, and the situation is very dire. SOL has recently faced downward pressure on SOL coin prices due to a 40% drop in the past 1 month or the fading of the meme coin boom, and FTX is about to usher in a large-scale token unlock on March 1 (the number of tokens unlocked is as high as 11.2 million SOLs, and the Market Cap exceeds $2 billion). SOL reached a low of $160.89 this morning (19), more than 40% from the high of $286 on January 19, and rebounded to $168 before the deadline. Related reports CZ responded to KOL's "hype BNB chain": I really haven't bought meme coin, but the use experience of coin An Wallet and Trust Wallet is really bad Opinion" Musk effect: Will Musk It become the next explosive MEME coin? How crazy is meme coin? Pump.fun Annual revenue of more than $470 million, average daily birth of more than 18,000 new Memecoins, "Meme Coin Extinguished" Total Market Cap fell back to the level of last November, Solana fell 40% in a single month Can it hold $160? This article was first published in BlockTempo "Dynamic Trend - The Most Influential Block Chain News Media".