The once-booming Meme coin market on the Solana blockchain is showing signs of weakness. Data from multiple analytics platforms show that meme coin trading, which accounted for more than 60 per cent of Solana's DEX activity earlier this year, has now fallen below 30 per cent. The sharp decline comes after a speculative frenzy that drove the new token to viral success but also cost many retail traders.
Analysts now say that after months of overexpansion, the market is correcting, and liquidity and trading enthusiasm are shifting away from speculative tokens.
Traders appear to be reallocating their funds to more mature markets. Stablecoin trading pairs have increased their share on Solana DEX, while derivatives from mainstream tokens such as SOL and ETH remain stable and liquid. Kaiko's analysts believe the shift reflects broader macro trends, including rising demand for stability and yield opportunities, as well as continued concerns about high volatility in the meme token sector.
Analysis: The volume of meme trading on Solana has dropped sharply, and traders have turned to stable assets
2025-09-22 07:34:07
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