- Whale Trading Volume in Solana Meme Coins has fallen to the lowest level since February 2024
- Retail interest follows the example, whereby the activity coincides after each whale-driven peak
- Market sentiment is shifting in the midst of macro illness, Binance-driven Meme-Muntrallies and the potential outbreak of Bitcoin
Whales seem to be waving goodbye to memoring coins, at least as far as trade volume is about Solana. According to the recent numbers presented by Coin Bureau, Whale trade volume on Solana Meme Coins reached the lowest level since February 2024.
This could indicate that the hype around meme coins, which hit their peak in November 2024 after a period of calmness, cooled down for the time being. As the graph indicates, the recently renewed whale interest in Meme coins at that time approached its levels in early 2024 (February – March).
After each peak, the whale activity tends to lose weight quickly, fluctuating during the middle of the late 2024, until a downward trend took place after November, leading to further decreases by March 2025. Meanwhile, retail activities have closely followed the whales, with peaks that start starting shortly after whalepiek.
Part of a wider trend?
This decrease in trade in meme coins does not take place in a vacuum. The newest development comes days after a sudden sale in Meme coins that ripples have sent about the cryptocurrency market. A few possible triggers have been identified for such a turn of events, including the increasing uncertainty about American trade policy and wider trends on the market.
Regardless of the strong institutional support behind large crypto assets such as Bitcoin in May, Meme coins have aroused under heavy pressure. Here investors have been a bit shy because they anticipate a weaker summer and stronger volatility in the light of regulatory and political developments.
Is “meme season” over? Capital can rotate elsewhere
Yet a month ago it saw optimistic for some Solana Meme coins, including Moedeng and Goat. In particular, the two shot up in price after the super popular crypto exchange brinance she has added to the most recent batch of Alpha Projects.
That said, the last drop-off in interest can indicate that the meme season is over. Potential could make way for an Altcoin season (or a Bitcoin season, based on his movements in recent days, because it looks ready to raise an all time) while crypto-whales focus their attention elsewhere.
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