Big news in the world of cryptocurrency! Many silly, fun coins called "meme coins" built on the Solana network have crashed. Think of them like internet jokes turned into money. These coins, based on funny pictures or ideas, lost a lot of value quickly.
- Many Solana meme coins lost a lot of money.
- Some people who started early made lots of money selling them.
- Solana, the network they're built on, actually made money from the fees.
| Coin | Change |
|---|---|
| Official Trump | Down from $103 to $16! |
| Solana (SOL) | Down over 40% |
| Total Meme Coin Market Cap | Down from over $25 Billion to $10 Billion |
Solana is fast and cheap to use, making it easy for people to create new meme coins. This also means that lots of people can quickly join the fun but can also lose money just as quickly. So, it's important to remember that investing in cryptocurrencies can be risky!
