Solana's DeFi TVL Plummets Amid Memecoin Collapse 🚨📉

$SOL 's Total Value Locked (TVL) in DeFi experienced a significant 30% drop, reaching its lowest level since November. This decline is largely attributed to the collapse of memecoin activity on the platform. Data indicates that memecoin trading volume on Pump.fun plummeted by 74.5% in a single day, with most tokens losing 80–90% of their value since launch. This downturn raises concerns about the sustainability and risk associated with speculative assets within the Solana ecosystem.

Conclusion: The sharp decline in Solana's DeFi TVL underscores the volatility and speculative nature of certain digital assets, emphasizing the need for investors to exercise caution and conduct thorough research.

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