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Solana On-Chain Meme Token Experiences Widespread Decline, PNUT Records a 18.65% 24-Hour Decrease

BlockBeats News, November 17th, according to GMGN data, Solana-based Meme tokens experienced a widespread decline, including:


PNUT's market cap is currently $1.5 billion, with a 24-hour decline of 18.65%;

BITCAT's market cap is currently $28.4 million, with a 24-hour decline of 48.6%;

SHOGGOTH's market cap is currently $82.5 million, with a 24-hour decline of 27.14%;

LESTER's market cap is currently $80.6 million, with a 24-hour decline of 21.19%;

LUCE's market cap is currently $166 million, with a 24-hour decline of 31.17%.


BlockBeats reminds users that Meme coins currently have no practical use case, experience significant price volatility, and investment should be exercised with caution.

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Murad: "Meme coins are experiencing continuous growth on the Solana and Ethereum networks, and we are currently in the early stages of a Meme coin supercycle."
The market value of ANALOS has soared. Are there any other reversal memes on Solana?
1. Recently, Base Chain has outperformed Solana in the field of Meme coins, and the number of new DEX trading pairs has far exceeded Solana. 2. Solana's Meme culture originated from the personal influence of founder Anatoly, while Base Chain's Meme coin culture is closely related to Coinbase. 3. In terms of user habits, Solana has created an independent system, while Base relies on the user base of Ethereum and Coinbase. 4. Solana has an inherent advantage in contract security, while Base helps users avoid contract problems through verified contract tags. 5. Base's contract deployment cost is lower, which may attract more developers, but most Meme coins currently have security vulnerabilities.
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