The Solana-based memecoin, Bonk (BONK), has drastically declined in price, plunging over 70% from its all-time high achieved in December 2023. This abrupt drop follows a remarkable run throughout 2023 when Bonk recorded more than 11,000% gains and secured listings on major cryptocurrency exchanges. Memecoin market takes a hit as top Solana memecoins suffer losses
