Golden Finance reports that the once thriving Meme coin market on the Solana chain is showing signs of fatigue. Data from multiple analytics platforms indicate that meme coin trading, which accounted for over 60% of Solana's decentralized exchange (DEX) activity earlier this year, has now dropped below 30%. This sharp decline occurred after a wave of speculation that had propelled new tokens to viral success but also caused many retail traders to incur losses. Analysts are now stating that after months of excessive expansion, the market is undergoing a correction, with liquidity and trading enthusiasm shifting away from speculative tokens. Traders appear to be reallocating funds to more mature markets. The share of stablecoin trading pairs on Solana DEX has increased, while derivatives of mainstream tokens like SOL and ETH continue to maintain stable liquidity. Kaiko analysts believe this shift reflects broader macro trends, including rising demand for stability and yield opportunities, as well as ongoing concerns about the high volatility of meme tokens.

#ETH