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Analysis: The volume of meme trading on Solana has dropped sharply, and traders have turned to stable assets

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% of Solana's "decentralized exchange (DEX) *" activity earlier this year, has now dropped below 30%. The sharp decline comes after a speculative frenzy that pushed new tokens to go viral.

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2025-09-22 07:34:07
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