Solana (SOL) drops $4.80B from its market cap as meme coin mania fades

Solana was among the altcoins that outperformed during the latest market rally, with SOL-based meme tokens such as WIF, BONK, and BOME hitting new all-time highs. Solana’s market cap neared $90 billion in March as meme digital coins dominated trends. However, dynamics seem to have shifted as the metric nosedived in the past few months. […]