Meme Tokens Drain Solana: Stamp Drops 20% as Merchants Flee Core Ecosystem

Solana (SOL) is going by uncertainty as its brand, for the time being spherical $128, has dropped by 20% over the last 11 days. A key motive on the motivate of this decline is the flood of meme token launches on the platform, which coincided with Solana’s brand stagnation. Somewhat than using person engagement and boosting transactions, these meme tokens drained focal point and funds from Solana’s core ecosystem. In consequence, the influx of low-utility tokens has weakened Solana, diverting investment a long way from more valuable, long-term projects.