Solana Meme Mania Melts Down: Hype Drains After Brutal Coin Worth Crashes

• BONK’s worth tumbles, however buying and selling spikes sign investor curiosity in a possible rebound.
• The WIF market sees intense volatility hit an all-time low and highs in simply seven days.
• ANALOS’s worth dip follows an all-time excessive, but elevated buying and selling quantity suggests market optimism.

Regardless of SOL buying and selling above $110, bearish palms have are available after a bullish spike within the Solana memecoins. Consequently, the costs of Bonk (BONK), dogwifhat (WIF), and analoS (ANALOS) have fallen considerably. The fast surge in hostile sentiment has led these memecoins to lose vital worth, inflicting traders to be involved. This retreat, nonetheless, might present a buying alternative for traders who missed out on the primary acquire.

BONK/USD

Bulls within the Bonk (BONK) market have sharply risen in current weeks, reaching an all-time excessive of $0.00003419 on December 15. Nevertheless, the upward bounce has peaked, with the value backtracking by greater than 54% since then, in line with CoinMarketCap. Moreover, a unfavorable temper persevered within the final 24 hours regardless of beginning the day with bullish momentum. 

Consequently, the value of BONK fell from an intra-day excessive of $0.00001824 to a low of $0.00001496, the place assist was discovered. At press time, the BONK worth was buying and selling at $0.00001551, representing a 14.50% drop from the intraday excessive.

Whereas the market capitalization of BONK fell by 14.52% to $944.67 million, its 24-hour buying and selling quantity elevated by 38.91% to $285.57 million. Regardless of the current worth drop, the rise in buying and selling quantity implies extra vital exercise and curiosity within the BONK coin. It signifies that traders are actively shopping for and promoting the token, which might point out a change in market sentiment or a buying alternative for merchants.

WIF/USD

Bull bear’s struggle for dominance within the dogwifhat (WIF) market has been intense. Consequently, WIF/USD has reached an all-time low of $0.105 and an all-time excessive of $0.3313 within the final seven days. 

Nevertheless, the upward development has been reversed, with worth bears gaining the higher hand within the final 24 hours and decreasing the WIF worth to $0.1468, a 17.28% drop from the intra-day excessive. This fall represents a 56.11% drop from the all-time excessive however a 38.42% improve from the all-time low.

Regardless of the current worth lower, WIF’s 24-hour buying and selling quantity elevated by 129.87% to $69.09M, indicating that there’s nonetheless robust curiosity and exercise within the WIF market. This rise in buying and selling quantity might sign that traders are making the most of the dip to buy extra WIF at a lower cost, doubtlessly indicating a fast rebound.

ANALOS/USD

Bullish momentum has not too long ago dominated the analoS (ANALOS) market, reversing the bearish development that dropped the value to an all-time low of $0.0002726 on December 22. This bull exercise peaked on Christmas, with the bulls reaching an all-time excessive of $0.002169, in line with CoinMarketCap, earlier than encountering some resistance. 

Nevertheless, the bullish development has retraced within the current 24 hours, with bears driving the value to an intra-day low of $0.0003601 earlier than recovering barely. At press time, ANALOS was buying and selling at $0.0006197, a 59.28% drop from the intraday excessive and a 74.53% drop from the all-time excessive.

Regardless of the current worth lower, the 27% improve in 24-hour buying and selling quantity to $134.51M signifies that there’s nonetheless vital curiosity and exercise available in the market. This rise in buying and selling quantity might indicate that traders are making the most of cheaper pricing to buy extra ANALOS tokens, doubtlessly foreshadowing a transfer towards a extra bullish sentiment quickly.