đ $SOL âs Recovery at Risk as Meme Coin Hype Fades
SOL has dropped ~8% over the past week, currently trading around $144 .
The meme-coin frenzy on Solana is cooling offâsocial volume and on-chain hype have significantly declined .
đ Why Solana's Bounce May Stall
1. Meme-coin Driven Volume is Drying Up
With less trading in small-cap tokens, demand for SOL (the blockchainâs gas token) is weakening .
2. Launchpad & DEX Liquidity Pullback
Platforms like PumpFun have paused new listings, removing a key source of speculative inflows .
3. Technical Pressure
SOL is struggling at a critical resistance zone (~$155â$160). Without meme-coin tailwinds, a strong rebound looks less likely .
đ Potential Bull Drivers Still in Play
Bullish baseline: 2.2M SOL left exchanges recently (~$381M), signaling substantial accumulation despite short-term volatility .
Fundamental strength remains intactâSOL stays a top-tier chain with ~$11âŻB in TVL, outpacing Ethereumâs DEX volumes .
â ïž TL;DR
Solana's short-term price recovery looks shaky as the meme-coin boom deflatesâbut long-term demand isnât dead. Accumulation trends and strong network use provide a buffer. Watch $140 support closely; further cooling could stall the rebound.
