Libra affair causes Solana price to plummet... ”Meme coin, high speculative element”

Concerns have been raised about speculation in meme coins, whose prices are highly volatile. On the 18th (local time), Arthur Hayes, co-founder of BitMEX, said through X, "Meme coins are
"It is a kind of game," and "it has a strong speculative element." In addition, "In particular, there is a possibility that it will have a negative political impact when politicians make statements related to meme coins."
This can be interpreted in the recent comments of the Argentine President regarding the alleged memecoin "rug pull".
President Milley is currently facing charges of impeachment and is facing charges of "rug-pulling" after he promoted LIBRA on social media, but the price of the coin plummeted shortly after its release.
Meanwhile, there are also predictions that the Solana (SOL) ecosystem may be destabilized due to the Argentine president's meme coin promotion scandal.
Galaxy Research, a cryptocurrency analysis firm,
Research revealed that the Solana memecoin ecosystem was directly affected by the Libra incident, a memecoin promoted by the Argentine president.
He also said, "The aftermath of the Libra incident is still ongoing and may cause more damage to the memecoin ecosystem," and "The price of Solana, led by memecoins, has been on the rise.
"It could have a negative impact," he said, adding, "In fact, Solana recently fell by about 8% in one day."