Solana Price Crashes Below $200 As SOL Founder Calls Meme Coin Rug Pulls a ‘Hellscape”

Solana price continues to extend its decline below $200 amid a surge in rug pulls on meme coins created on the blockchain. These rug pulls have drawn the attention of Solana Labs co-founder Anatoly Yakovenko, who has termed the current situation a “hellscape.”