$ETH Solana signals 40% crash vs. Ethereum amid cooling memecoin craze

Solana's reliance on memecoins threatens long-term growth as Ethereum gains strength through layer-2 expansion.

SOL/ETH has broken below a rising wedge pattern, signaling a potential 40% decline.

Solana’s memecoin revenue has collapsed since April, weakening its core value proposition.

Standard Chartered warns Solana may underperform as Ethereum’s L2 ecosystem grows more competitive.

Solana’s 

SOL

$160.23

 multiyear outperformance against Ethereum’s native token, Ether 

ETH

$2,571

, is losing momentum, with technical breakdowns and weakening onchain activity pointing to a potential sharp decline in the SOL/ETH pair next.