Crypto Market Plunges as Meme Coins Crater, Solana Projects Face Backlash

Bitcoin flash crash on Tuesday sparked a crypto market selloff, with meme coins like DOGE and SHIB falling 6-7%
Newer Solana-based meme coins like BOME, BONK, and SLERF plunged 50-60% from recent highs after speculative mania died down
BOME facing investigation over potential insider trading related to early Binance listing
Anonymous developer behind SLERF meme coin said they accidentally burned the entire $10M presale allocation
Top losers were Jupiter's JUP token (-14%) and Solana (-8%), while meme coin SLERF spiked 100% despite snafus