Bitwise CIO: Solana's monthly decline has reached 42%, and the crypto market is digesting the decline of the Meme coin craze

PANews reported on February 27 that according to the Financial Times, Matt Hougan, chief investment officer of crypto asset management company Bitwise, pointed out that the price of Ethereum has fallen by 23% in the past month, while Solana, the token that carries most of the Meme coin blockchain, has fallen by 42%. Cryptocurrencies are currently digesting the end of the Meme coin craze, and the market will continue to be dragged down until institutional interest in cryptocurrencies recovers. In addition, traders are increasingly frustrated because Trump has not implemented some of the reforms he promised during the campaign more quickly, and market sentiment has turned to disappointment due to the slower-than-expected introduction of major pro-cryptocurrency policies.

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Author: PA一线

This content is for market information only and is not investment advice.

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