Solana Meme Market Malaise & Kimchi Drama
The Solana memecoin market is in deep drawdown — all top 2026 tokens down 66–80% from ATH — and lingering questions around the 'Kimchi hack' are keeping the community on edge.
What we know
An account on X updated the 2026 Solana token leaderboard — every major launch is down 66–80% from ATH. Another account on X quipped 'every coin is the same exact chart.' Community members are begging for an 'animal runner' to revive sentiment. Meanwhile, another account on X published a detailed timeline reconstruction of Kimchi's alleged hack, calling it 'sus at best' and highlighting that Alon deleted an RT within 2–3 minutes — suspicious behavior. Trading terminal volume is also down 80% from its recent peak.
By the Global Eye 24 desk, with AI assistance. Updated as the story develops. Spot an error? Write to corrections@globaleye24.com.