Explainer: Meme Tokens on Solana Chain Plunge, Caution Urged.

According to GMGN Data, the market capitalization of Meme tokens on the Solana chain has seen a significant drop. PNUT’s market value is currently at US$1.5 billion, with a 24-hour decrease of 18.65%. BITCAT has a market capitalization of US$28.4 million, falling by 48.6% in the past day. SHOGGOTH has a market value of US$82.5 million, down by 27.14% in the previous 24 hours.

LESTER’s market value is now at US$80.6 million, with a 24-hour decrease of 21.19%. LUCE has a market capitalization of US$166 million, dropping by 31.17% in the last day. BlockBeats advises users that Meme tokens currently have no practical use, with prices fluctuating greatly, and therefore, investment should be done cautiously.

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<p>The post Explainer: Meme Tokens on Solana Chain Plunge, Caution Urged. first appeared on CoinBuzzFeed.</p>