Solana’s total value locked (TVL) has plummeted by 40% in the past month, dropping from $12.1 billion to $7.4 billion, marking its worst decline since the FTX collapse. Major protocols like Raydium and Jupiter DEX have experienced significant losses, while the network’s overall valuation has fallen nearly 70% from $25 billion in December 2024 to $8.3 billion today. Additionally, many Solana-based meme tokens are down 80-90% from their peaks, with daily DEX trading volume collapsing from $22.1 billion to just $1.6 billion.
about Solana's Total Value Locked Plummets Amid Memecoin DeclineDividend and Income Fund
0 in Finance and 0 in Crypto last weekSolana Price Decline Explained by TVL Drop and Market Shifts
Solana’s (SOL) price has plummeted 50% from its all-time high of $295, driven by a significant drop in total value locked (TVL) from $12 billion to $7.13 billion, largely due to declines in major decentralized applications. Additionally, nearly $500 million has shifted to other blockchains like Ethereum and Arbitrum as traders lose confidence, compounded by a collapse in the memecoin market that has further impacted Solana’s perceived value.
about Solana Price Decline Explained by TVL Drop and Market ShiftsSolana price decline explained by TVL drop and memecoin collapse
Solana’s price has plummeted 50% from its all-time high of $295, driven by a significant drop in total value locked (TVL) from $12 billion to $7.13 billion, largely due to declines in major decentralized applications. Additionally, nearly $500 million has shifted to other blockchains like Ethereum and Arbitrum, reflecting a loss of trust in Solana’s ecosystem. The collapse of the memecoin market, which saw a drastic reduction in market cap, has further impacted Solana’s perceived valuation.
about Solana price decline explained by TVL drop and memecoin collapseFortnite’s Dill Bits Token Surges and Crashes Amid Crypto Market Turmoil
The recent launch of the Dill Bits token, inspired by Fortnite’s in-game gag, saw a rapid rise to a $4.78 million market cap before crashing over 90% amid a broader crypto market downturn. This decline follows significant losses in major cryptocurrencies like Solana and Ethereum, as traders remain wary after the Libra token’s dramatic fall. The meme coin landscape is struggling, reflecting a lack of enthusiasm among investors.
about Fortnite's Dill Bits Token Surges and Crashes Amid Crypto Market TurmoilEthereum and Solana Face Significant Price Declines Amid Market Challenges
Ethereum is facing a potential 20% crash as it remains in a bear market, currently priced at $2,670, down over 35% since December. Competing layer-1 and layer-2 networks are gaining market share, while Ethereum’s trading volume and ETF inflows have significantly declined.Similarly, Solana’s price has dropped to $159, a 46% decrease from its February high, amid challenges in its ecosystem and a significant drop in active users and revenue. Both cryptocurrencies are showing bearish patterns, with Ethereum’s next support level at $2,166 and Solana’s at $110.
about Ethereum and Solana Face Significant Price Declines Amid Market ChallengesBybit Hacker Converts Stolen Funds to DAI Through Decentralized Exchanges
The Bybit hacker has converted $3.64 million in stolen Ether into DAI through decentralized exchanges, exploiting the stablecoin’s lack of a freeze function. The funds have been split across multiple addresses, with some deposited into the non-KYC exchange eXch, which refuses to freeze the hacked assets. Investigators link the hack to the North Korean Lazarus group, with allegations that eXch may have laundered around $30 million for the attackers.
about Bybit Hacker Converts Stolen Funds to DAI Through Decentralized ExchangesDogen Altcoin Shows Strong Growth Potential Ahead of Major Exchange Listing
DOGEN, a meme token, is experiencing significant momentum, having surged 566% from its presale price and hitting an all-time high of $0.0066 after its DEX listing. With a fully diluted valuation of $28 million and a potential market cap exceeding $100 million, the community anticipates further growth, especially with an upcoming CEX listing that could drive demand and price volatility. As interest in altcoins rises, DOGEN is positioned as a leading contender in the meme coin space.
about Dogen Altcoin Shows Strong Growth Potential Ahead of Major Exchange ListingEmerging Meme Coin DOGEN Shows Potential for Massive Growth and Engagement
Forget SHIB and DOGE; a new token, DOGEN, is making waves with a potential growth of 10,000 times its current value. After a remarkable 500% surge post-DEX listing, DOGEN is gaining traction with a strong community and an upcoming CEX listing, positioning it as a leading Solana meme coin. With a presale raising $5.5 million and a promise of significant returns, DOGEN is attracting attention from alpha investors eager for the next big opportunity in the crypto market.
about Emerging Meme Coin DOGEN Shows Potential for Massive Growth and EngagementDOGEN Emerges as a Strong Contender in the Meme Coin Market
DOGEN, a new meme coin on the Solana blockchain, has surged 500% since its DEX listing, attracting significant investor interest with a strong community of over 30,000. With a centralized exchange listing on the horizon, it aims for a $100M+ market cap, presenting a high-risk, high-reward opportunity for early adopters. As DOGE and SHIB show less potential, DOGEN is positioned as the next meme king, targeting substantial growth by the end of its presale.
about DOGEN Emerges as a Strong Contender in the Meme Coin MarketNew Meme Coin DOGEN Surges 500 Percent Challenging SHIB and DOGE
A new meme coin, DOGEN, is rapidly gaining traction, surging 500% since its launch on the Raydium DEX. With a strong community and a major centralized exchange listing on the horizon, it is poised for further growth, potentially reaching a $100 million market cap. Meanwhile, established coins like Shiba Inu and Dogecoin are showing less short-term potential.
about New Meme Coin DOGEN Surges 500 Percent Challenging SHIB and DOGEMeteora Co-founder Resigns Amid Libra Memecoin Controversy and Insider Trading Allegations
Ben Chow, co-founder of DeFi platform Meteora, has resigned following controversy over the Libra memecoin, which faced allegations of insider trading during its launch. Despite Chow’s denial of any wrongdoing, a leaked video revealed his regret over introducing Kelsier Ventures to various projects, including the MELANIA token. Meow, the founder of Meteora, confirmed Chow’s resignation and announced plans for an independent investigation into the matter.
about Meteora Co-founder Resigns Amid Libra Memecoin Controversy and Insider Trading AllegationsAllegations of Two Hundred Million Dollar Meme Coin Scheme on Solana
DefiTuna co-founder Moty Povolotski has accused Kelsier Ventures, Meteora, and M3M3 of orchestrating a scheme that extracted $200 million from investors through meme coin launches on Solana. Following revelations of misconduct, Kelsier Ventures’ CEO Hayden Davis admitted to sniping during the Libra token launch, leading to the resignation of Meteora’s Ben Chow. Evidence suggests that Kelsier’s group profited significantly from various token projects, with substantial losses reported by community members.
about Allegations of Two Hundred Million Dollar Meme Coin Scheme on Solana