BONK Falls 13% as Solana Ecosystem Sees Profit Taking After Memecoin Frenzy

Tyler Spalding, CEO / Co-Founder, Flexa, 2Chainz and Zack Seward, Deputy Editor-in-Chief, CoinDesk

Meanwhile, trading volumes on Solana-based decentralized exchange (DEX) applications remained high, with tokens worth $1.44 billion changing hands in the past 24 hours. That accounted for 26% of all DEX trading volumes across the crypto space, higher than usual players Ethereum, Arbitrum and BNB Chain.

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