Solana memecoins are trading underwater as investors continue to mark exits due to macroeconomic factors and high volatility. Solana memecoins are down 14.4% in the last 24 hours after showing slight signs of recovery following outflows recorded over the weekend.
The downturn in memecoins reflects the stance on the wider market as top assets record outflows for the third consecutive day. Weakened sentiment places the daily trading volumes of Solana memecoin at $1.8 billion with major tokens plunging in value.
Solana Memecoins Posts Double Digit Losses
Asests like dogwifhat and BONK have added to daily stings of losses with a 15% and 14.8% decline respectively. This significantly pushed weekly outflows above 30% for both tokens. Similarly, BOME and SLERF are 9% and 18.1% respectively today with weekly losses at 36.5% and 16.8%.
Community favorites BODEN and WEN saw wider outflows following weeks of inflows. BODEN declined 32.8% in the last 24 hours and 38% this week. WEN saw 21% da
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