The price of Meme coin on the Solana blockchain has fallen by more than 70% since its frenzy in December last year

Over the past week, the crypto community's frenzied demand for Meme tokens issued on the Solana blockchain seems to have disappeared as new tokens failed to gather a meaningful community and prices of recently popular tokens continue to fall. The dog-themed Meme token BONK has risen over 1,000% in three months and is listed on influential exchanges like CEX. Its current price has fallen more than 70% from its peak in December last year.