Posted 12/27/2023, 10:47:00 AM
Solana Memecoins See Profit Taking as BONK Token Drops 13%
- BONK token falls 13% as Solana ecosystem sees profit taking after memecoin frenzy
- Multiple Solana ecosystem tokens drop double digits, including BONK, WIF, ANALOS, ORCA, and JTO
- Pullbacks likely due to profit taking from early investors after big gains recently
- Solana DEX volumes remain high, accounting for 26% of all DEX volumes
- Solana TVL has more than tripled in past two months amid memecoin mania, but rug pulls seem rampant