Meme coins based on Solana and cryptocurrencies in the Artificial Intelligence category note declines in their prices. Marketwide correction has shaved off 6% of AI market cap and 3% of Solana-based meme tokens’ market cap respectively. FET, AGIX, OCEAN, TRAC, BEER, SLERF, PENG noted double-digit declines in the past 24 hours. Artificial Intelligence tokens and meme coins have observed sharp declines in prices, with several assets experiencing double-digit drops.
While AI tokens and Solana-based meme coins consistently rallied for the past several weeks, tokens in these two categories extended their losses this week. FET, AGIX, OCEAN, TRAC, BEER, SLERF and PENG prices declined 12%, 13%, 13%, 10%, 31%, 13% and 9%, in the last 24 hours, as seen on CoinGecko. The ongoing crypto cycle has seen AI and Solana-based meme coins emerge as key narratives, yielding gains for holders.
Source: News Formal (newsformal.com)
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