Solana Price Drops Below $200 as SOL Founder Calls Meme Coin Rug Pulls a ‘Hellscape’
Meme Coin Scandals Rock Solana, SOL Price Drops
Solana Labs co-founder Anatoly Yakovenko has come out strongly against the recent surge in meme coin rug pulls on the Solana blockchain, referring to the current situation as a “hellscape.” Amid these concerns, the price of SOL has fallen below the crucial $200 mark.
SOL is currently trading at $172, showing a modest daily gain of 2.5%. However, the broader market sentiment remains cautious as growing fears over meme coin scams continue to weigh on the Solana ecosystem. Yakovenko Calls for Solutions to Meme Coin “Hell”
In a recent post on X, Yakovenko called on developers to find a fair and transparent solution to the growing problem of speculative meme tokens flooding the market. He believes this challenge presents an opportunity for developers to create a better and safer token launch system.
