🚨 Solana’s Token Frenzy: Boom vs. Bust
Last month, Solana saw 455,000 new tokens minted, higher than any other chain and driven heavily by memecoins via platforms like Pump.fun.
Yet only 1% make it onto major DEXs like Raydium, and less than 0.01% ever surpass a $1M market cap.
Meanwhile, bot activity is crippling: non-vote transaction failure rates have hit 70-77%, though most are automated spam.
All this activity is driving attention and fees back to $SOL .
Plenty of hype. Just remember most tokens won’t make it and trade with caution.
