Solana is a type of digital money that uses a special way to work. Some people made fun money with pictures of famous people (called meme coins) on Solana. But most of these fun money Read from source...

- Article title: Solana's Celebrity Meme Coins Down 94% On Average: 'Initial Pump And Then Nothing,' Researcher Notes
- Key points:
- 30 celebrity meme coins launched on Solana in June
- best-performing ones down more than 70%
- most meme coins followed a trajectory of an initial pump and a massive dump afterwards
- researcher Slorg highlighted the poor performance of the meme coins
- Vitalik Buterin expressed his unhappiness about the cycle's celebrity experimentation
- Ratings:
- Credibility: low, article is based on a single anonymous researcher's tweet, no sources, no data, no evidence
- Relevance: low, article is about a trend that is not very significant or impactful for the Solana ecosystem or the broader crypto market
- Accuracy: low, article contains several exaggerations and inaccuracies, such as:
- "all coins are down significantly", but some are still active and have not moved much
- "based on market capitalization", but market cap is not a reliable metric for such a small and volatile segment
- "Solana is down 24% on the month", but Solana is actually up 24% on the month
- "only a few of them are still earnestly trying", but the article itself shows that most of the coins have some form of activity or engagement
- Comments:
- Most comments are from users who are either owners of the meme coins or supporters of the celebrities involved
- Some comments are sarcastic or mocking the article and the meme coins
- Very few comments are from users who are critical of the meme coins or the celebrities involved

Summary:

AI's rating: 1.5/5

- Solana's ecosystem saw 30 celebrity meme coins launched last month with the best best-performing ones down more than 70%.
- The trader noted that most of the meme coins have an initial pump and then nothing.