After a blazing start to the second quarter, Solana meme coins are witnessing a significant pullback in early May.
Data from CoinGecko reveals that the cumulative market capitalization of the Solana meme sector is down by 12% on Sunday, with Official Trump (TRUMP), Melania Meme (MEME) and Bonk (BONK) among the worst performers.
However, the soaring global liquidity undeniably indicates that the crypto bull market is underway. As a result, smart money investors are buying the dip in Solana meme coins, anticipating new highs in the second quarter itself.
Among the blue-chips, Dogwifhat (WIF), Bonk (BONK) and Popcat (POPCAT) have emerged as standout choices. Meanwhile, Solaxy is being viewed as one of the best cryptos to buy, especially among low-cap gems.
Why Are Solana Meme Coins Crashing?
Solana meme coins are seeing a pullback as part of the broader crypto market correction. After trading as high as $98,000 last week, the Bitcoin price fell to $93,600 on Monday, resulting in selling pressure on the altcoins.
The Solana price also fell to $142 on Monday, down nearly 9% from last week’s high. Solana meme coins continue to have a strong correlation with the SOL price trajectory, which partially explains the sector-wide correction.
While some investors are securing profits, others are simply exercising caution and deleveraging heading into this week’s FOMC meeting.
Prominent analysts like CGR also highlight that Official Trump’s flash crash, a price action indicative of a rug-pull, could also explain the weakness in Solana meme coins. The $TRUMP coin price is now down by nearly 25% from its last week’s high, leading to speculation whether its developer team is offloading their holdings.
$TRUMP kinda flash crashed today, probs explains why SOL memes are getting nuked pic.twitter.com/iDzQGHCjo4
— CRG (@MacroCRG) May 3, 2025
However, despite the broader market decline, experts believe sidelined investors should be buying the dip in Solana meme coins.
Why Investors Should Buy The Dip?
During a bull market, small-scale investors often overreact to short-term price action rather than simply observing the broader trend.
The Bitcoin price is once again showing a strong correlation with Global M2 money supply, albeit with a 12-week lag. The indicator even accurately predicted the April 7th crypto market bottom.
If BTC continues to follow the Global M2 trajectory, it is poised for a rally to $140k, GMI’s CEO Raoul Pal reveals.
In fact, Pal believes that the parabolic stage of Bitcoin’s bull run, often known as the “banana zone”, hasn’t even started yet.
With Solana meme coins in high demand, BTC’s strength could provide them a significant boost, potentially resulting in new highs in the second quarter itself.
Best Cryptos To Buy Now
Among the wide variety of options, Dogwifhat (WIF) is quickly establishing itself as one of the best Solana meme coins to buy now.
Prominent investors like Trader Koala indicate that WIF is showing considerable resilience, given the broader market uncertainty.
$WIF
One of the better-looking altcoins that is still waiting for its time to shine
Ranging before expansion and expecting it to lead next.
0.75 is not a real resistance level
Time reveals… 
pic.twitter.com/YUwqJcWln9
— Trader Koala (@trader_koala) May 2, 2025
Analysts like Altcoin Sherpa are also bullish on Bonk for the upcoming bull run, while smart money investors continue to buy the dip in Popcat.
Among the low-caps, Solaxy (SOLX) has emerged as a standout choice among investors. Behind strong whale demand, the SOLX presale has already raised over $33.1 million in short order.
HyperSpeed Achieved!
33 Million Raised! 
pic.twitter.com/HgswKcnnVM
— SOLAXY (@SOLAXYTOKEN) May 3, 2025
Solaxy is the first prominent Solana Layer-2 scaling solution, which experts believe will soon become an integral part of the SOL ecosystem.
Thanks to its cutting-edge architecture of ZK rollups, multi-chain bridge and data availability tools, SOLX and SOL holders can be sure of high scalability, low-latency transactions and zero downtime, even during periods of heavy traffic.
Owing to its unique concept and small market cap, prominent analysts are viewing SOLX as one of the best cryptos to buy, which could deliver up to 10x returns.
Visit Solaxy Presale
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