😥Solana’s Memecoin Crash Hits Hard

🫠Solana’s revenue took a nosedive, dropping 93% from its January peak as the memecoin hype died down.

📉From a record $55.3M per week, network revenue is now at just $4M—levels last seen in September.

💥DApp revenue also cratered 86%, while Solana’s DeFi TVL got slashed in half, from $12B to $6.4B.

🐸Pump.fun, which drove 80% of Solana’s revenue, saw daily earnings collapse 95%—from $15M to $800K.

⚠️$TRUMP & $MELANIA tokens marked the top, then tanked hard. $TRUMP is down 86%, $MELANIA a brutal 95%.

📉Memecoin market cap fell 68%, wiping out $93B in value. $SOL also got hit, plunging 58% from ATH.