What Happened To SOL And Solana Meme Tokens Collapse After December Pump

The prices of SOL and most meme tokens in the Solana ecosystem, – BONK, WIF, ANALOS, and others – have collapsed after the December pump, dropping almost halved over the past month.

According to the Coinstats, the Dogwifhat (WIF) token, launched in November 2023, showed a significant drawdown – 76% from its maximum at $0.33. 

At the time of writing, the Dogwifhat (WIF) token is trading at $0.089879. The coin’s market capitalization also fell from $324 million to $78 million.

Another token that has received particular recognition from cryptocurrency enthusiasts, Bonk (BONK), has fallen 70% from its December highs. 

See Also: Solana Price Analysis: SOL Plunged 12% in A Week

Bonk (BONK) is currently trading at $0.00001047. The fall was accompanied by a reduction in capitalization (from $1.5 billion to $620 million) and trading volumes.

Another new meme coin that has become a parody of Solana, AnaloS (ANALOS), recorded a drawdown of 92% from its December all-time high. 

ANALOS is currently trading at $0.0001632. Despite the quote decline, the asset demonstrates a high trading volume of $26 million.

At the same time, the new token PEPECOIN on SOL (PEPE), launched at the end of December, also dropped. 

Over the past 24 hours, the token has risen by 21.7%, reaching a price of $0.354 before rising slightly to $0.406189.

Meanwhile, the naive Solana blockchain token, SOL, witnessed significant declines over the past week after registering consistent gains in December 2023. 

Over the past 24 hours, the token price has fallen by more than 2%, reaching $87.28 before rising slightly to $99.3 after multi-month highs in December.

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