Man, looking back at the whole Solana meme coin thing from last year... it's actually wild how many of these went from zero to billions and then just completely collapsed. You had all these projects that seemed untouchable hitting billion-dollar valuations, and now? Most of them are basically ghost coins trading for pennies.

Take PNUT - that one was genuinely insane. Went from nothing to over a billion in like a month after that whole squirrel situation. Fastest rise on the list, but also the hardest fall. Down over 98% since November, now sitting around $40-60 million market cap. The coin that moved fastest also crashed the hardest.

Then you've got POPCAT, which honestly had one of the cleanest rallies. Started under a million, crossed a billion, hit its peak at $2 billion. That was actually impressive for a meme coin. But since the bear market kicked in, it's down like 97%. From $2 a coin to basically nothing. Current price around $0.06 with market cap under $60 million.

MEW is pretty much the same story - hit $1.2 billion at the peak, now down 95% with a $50 million market cap. These coins came in hot and left the same way.

It's a reminder that just because something moons doesn't mean it stays there. Most of these meme coin rallies were always going to be short-term. The ones who got in early made life-changing money, but everyone else who bought near the top? Yeah, they're looking at massive losses. The cycle keeps repeating though - bull market hype, crazy valuations, then the inevitable crash when reality sets in.