🤔 Is Solana ($SOL ) being dragged down by memecoins?
Well… kinda. According to new data, memecoins make up 41% of all Solana’s on-chain activity and revenue.
Yep — the same fun tokens that once sent SOL flying to $295 early this year are now part of what’s holding it back. 😬
Since that high, SOL has dropped 38% from Q3’s top and nearly 47% from its record high, now consolidating around $150.
Analysts say the hype around memecoins — like the Official Trump ($TRUMP ) coin that fueled the last rally — has cooled off, leaving Solana searching for stronger, real-world use cases.
But it’s not all doom and gloom.
🌅 Solana is quietly leading in tokenized stocks — a growing area that could give it real, lasting utility beyond the meme buzz.
Still, short-term pressure’s building… with Alameda Research unlocking 193K SOL (worth $30M) to repay FTX victims, more selling could be on the way.
📉 Traders now see just an 11% chance of SOL hitting $200 this month, and 2% odds for $250.
💬 What do you think — is this just a cooldown before Solana’s next big wave, or the end of its memecoin momentum?
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