Altcoin
3 Solana Meme Coins Recording Outflows Today
Solana meme coins continue to trade sideways with bulls attempting a major price recovery. Over the past 24 hours, several crypto assets have lost value, while others have recorded slight gains. The market leader, Bitcoin (BTC), broke out of the red zone today with inflows of 0.01%, further pushing the weekly numbers into a similar position.
Altcoin and top recovery efforts meme coins can follow the trend of Bitcoin with a reversal of macroeconomic conditions. While overall volumes increased, the broader market capitalization stood at $2.53 trillion, down 0.3%. Solana token volumes also saw a decline in trading volumes, although the market capitalization increased by 2.5% to $8.85 billion due to new assets. Here are three Solana meme coins recording outflows as of this writing.
Bon (Bonk)
Major meme coins have struggled with the recent cryptocurrency market crisis. Bonk’s price stands at $0.0000272 after a decline of 5.4% in the last 24 hours. Weekly losses represent the state of major meme coins as sentiments plummet. Good it fell 20.8% in the previous seven days as trading volumes fell. However, intraday trading showed slightly positive results as the coins attempt a rebound.
The long-term numbers are still bullish for the asset as monthly gains stand at 18.8%. BONK’s market capitalization fell to $1.8 billion, while trading volumes stood at $242 million.
BOOK OF MEMES (BOME)
BOME fell 4% in the last 24 hours and its price fell to $0.01064. The asset has seen outflows this month signaling bearish sentiment amid declining volumes. This week, BOME has fallen by 20.7%, while monthly outflows are at 4.4% due to gains recorded in previous market highs.
Popcat (POPCAT)
Popcat ranks among Solana’s top meme coins, recording a decline of 3.2% today and outflows of 15.9% this week. Popcat’s recent data is a shadow of previous high gains. The assets are trading at $0.3623 with a market capitalization of $352 million. Daily trading volumes fell to $12.1 million.
Read also: Top cryptocurrency winners and losers of the week
David is a financial news contributor with 4 years of experience in Blockchain technology and cryptocurrencies. He is interested in learning about emerging technologies and has an eye for the latest news. Staying up to date on trends, David has reported in several niches including regulation, partnerships, cryptocurrencies, stocks, NFTs, etc. Away from the financial markets, David cycles and rides horses.