“One of the biggest drivers of Solana’s growth has been memecoin trading,” VanEck added, noting that Pump.fun generated more than $577 million in fees in just over a year.

One US exchange-traded fund issuer has even proposed creating a BONK ETF. In the fourth quarter of 2024, application revenues on Solana increased by 213%, primarily due to memecoin speculation ...

particularly as the value of President Trump's memecoin has fallen nearly 80%. With billions of dollars flowing into largely speculative Solana tokens — many of them short-lived cash grabs ...

Argentine President Milei was pictured with Elon Musk at a Washington political event on Thursday, despite facing impeachment calls over the Libra memecoin rug pull. Solana price declined 4% on ...

The apparent LIBRA token rug pull is the the latest incident to negatively affect the Solana memecoin ecosystem, Galaxy Research said in a report on Monday. The narrative had already began to sour ...

Traders are increasingly betting against Solana's native SOL coin as negative sentiment grows due to recent memecoin controversies within the network. According to CoinTelegraph, data from ...

Memecoin fraud has significantly impacted Solana’s reputation and market performance, as the network has become a leader in launching meme coins. And, as a result, it contributed to the prosperity of ...

At the same time, Solana’s once-thriving memecoin ecosystem is slowing down, and concerns over security risks tied to the $1.4 billion Bybit hack are weighing on sentiment. The combination of ...

One of the methods used by the hackers was to lure users with promises of quick and easy profits through investing in Solana and meme coins. These types of cryptocurrencies have gained popularity ...