March has been the month of meme coins, with meme coin craze leading to the launching of new coins throughout the month. These new meme coins grabbed the attention of investors and saw the green zone soon, but the meme craze was only for a certain period of time. What caused the sudden shift?
The Fall Of SOL-based Meme Coins
The season of rugpull is here, and the biggest rugpulls can be seen in the SOL chain. What is rugpull? Rugpull is a scenario in which a developer launches a new project, collects presale funds from interested traders and investors, and abandons the project just after the launch. Recently, maximum coins have experienced continuous rugpulls. This abandoning of projects leads to major losses for investors, thus breaking their trust in meme coins.
Coming to the SOL-based meme coins that faced rugpulls recently, the biggest of them are CondomSol and URF. As per news from Whale Insider on X, CondomSol had raised 4965 SOL coins, which were worth $906K, and th
We współpracy z: https://cryptodaily.co.uk/2024/04/solana-based-meme-coins-bullish-trend-settles-altcoins-trading-volume-might-surge
