Solana Meme Coins are Dying Out, Key Metric Shows
Solana meme coin trading volume has hit a nearly two-year low, now representing under 10% of DEX activity.Summary
The Solana meme coin market is experiencing its weakest period in almost two years, with trading activity contracting significantly across decentralized exchanges (DEXs). Data shows meme coins now account for less than 10% of daily volume on Solana-based DEXs, a sharp drop from over 70% in December 2024. This decline follows high-profile rug pulls and scams earlier this year, such as the LIBRA token incident, which drained significant liquidity and eroded investor confidence. Consequently, the number of new token launches on Solana has decreased by 42% since mid-January. As meme coin speculation wanes, stablecoins have captured nearly 80% of DEX volume, indicating a market shift toward assets offering lower volatility and deeper liquidity.
(Source：BeInCrypto)