Solana ecosystem Meme coin "114514" halved in 4 hours, holders lost more than half

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Another Meme coin bloodbath occurred on the Solana chain. According to on-chain data, this Meme coin codenamed “114514” experienced a crash within just 4 hours, with a decline of 67%, and its market cap dropped to $13.92 million. However, despite the sharp decline, the 24-hour trading volume remains at $45.5 million, indicating active market participation in such projects.

The performance of these Meme coins reminds people of the satirical meaning of the “stonks meme”—behind seemingly hot projects, there are unpredictable risks.

Why are Meme coins so prone to sudden crashes?

Meme coins on the Solana chain often lack real-world application scenarios and fundamental support, with prices entirely driven by market sentiment. Once hype subsides or large holders sell off, it can trigger a chain reaction, causing prices to collapse instantly. The experience of 114514 is just another example of this pattern.

Investors should be cautious

BlockBeats reminds users that although Meme coins have high participation and lively discussions, their price volatility is astonishing, lacking value support, and they are easily exploited as tools for “cutting leeks” by speculators. For ordinary investors, participating in such projects requires thorough psychological preparation and risk assessment—avoid blindly following the trend.

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