🔥 Solana ($SOL ) August: Memecoins sprouting like mushrooms after rain!
Over 1.34 million new tokens appeared, averaging 40–50k SPL tokens daily.
But the harsh reality: 98% of memecoins "die young" within 3 months, with an average lifespan of just… 12 days.
💡 However, derivative data tells a different story:
Open interest in Solana futures reached 12.78 billion USD.
Funding rate remains positive at 0.0127 → Long positions dominate.
👉 This means that even though memecoins bloom early and fade away, confidence in Solana in the long term remains intact. Traders are betting heavily, while holders just need… enough patience. 🚀
⚠️ This is a light-hearted share, not financial advice. If after reading this you go all-in on memecoins, then I… can't help you!
