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Fortune
Fortune
Catherine McGrath

Solana hits five-month low as memecoin traders back off after $LIBRA scandal

(Credit: Illustration by Fortune Staff)

The crypto market is faltering this week, and Solana is stumbling more than most as a cooling memecoin craze depresses coin prices to their lowest level in several months.  

The crypto market overall is currently down after last week’s historic ByBit Bitcoin is down 12% in the last seven days, Solana is down 22%, hitting its lowest price this year and a new five-month low. 

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