Is It Game Over for Solana Meme Coins?- Investors Conversation

Meme currencies are poor. Dogwifhat ( WIF ) has fallen 88 % from its peak, while Dogcoin ( DOGE ) has fallen 60 % from its 2024 high, Pepe ( PEPE ) has fallen 73 % from its all-time high, and Dogwifat ( WIF ) has fallen 88 % from its peak. Additionally, the tunnels are drying up as well.

Popular social hub and launchpad Pump. On Wednesday, Fun launched 64.6 % less tokens than it did when its January high was attained. In addition to this, according to Dune data, the weekly graduation rate of tokens is the lowest since July 2024. A token graduates when it reaches a certain market cap, which was previously$ 69, 000 but was raised to$ 100, 000 late last year.

Some traders now think the image coin casino is closed and never will open once due to this pause. According to statistics that indicate that the image gold craze has topped the most recent NFT bull work, Loopify, the anonymous founder of the crypto education platform Pluid and trader, believes that the video coin cycle is over.

According to Dune statistics, the most well-known NFT platform OpenSea has generated$ 943 million in revenue since its 2017 start, in contrast to Pump. Fun has generated more than$ 574 million since its launch in January 2024. Not to mention the profits made by investing machines, market makers, and other protocols vital to the joke coin economy.

Some people take notice of these records and believe it’s time to stop pumping. Fun as the heart of the meme-creating habitat.

” The Pump. Entertaining days are over, scheming businessman and WIF deployer Solana Bateman told . They “extracted too much without actually returning anything,” they said. The distinction between us and them, according to them, is that this is our house. They are only concerned with filling their hands.

It’s a common claim made against the launcher, with critics saying it’s not doing enough to develop the pits and selling all the SOL generated, despite the founders refuting this claim. By, for instance, adding key unlocks at specific market caps, Baceman claims that the platform may improve its tokenomics, improve liquidity pools, or provide more green models.

” I likewise concur that Pump. The team is constantly looking for ways to improve Fun’s model, and it is far from perfect,” Pump.” Alon Cohen, a excitement co-founder, told .

” Perfectioning it takes time because there is a sizable style area for managing the opportunities of the people after a coin is created. However, Pump has been around since time 1. Fun has a dozen views that I think still apply today.

According to Cohen, those convictions include preserving a lower entry barrier when making tokens while pursuing” simplicity and elegance” as richness draws in retail investors. He added that he thinks Pump. Fun’s standard contracts have been a “huge internet good” for the ecosystem because they have reduced the likelihood of developers creating obscene contracts that are abused. &nbsp,

How did we arrive around?

The official start of Donald Trump’s recognized image coin, just days before his commencement in January, is where a large portion of the joke coin has fallen. Euphoria spread throughout the business as degens introduced a new era for image coins and bitcoin as a whole.

The Republican token crashed the day after Melania Trump launched her own token, with MELANIA immediately eying her advice. With this, attitude shifted at a rate of break-neck speed as merchants woke up to the “grift” of the situation. Potrivit DEX Screener, TRUMP is currently down 85 % from its all-time high, and MELANIA has fallen 94 %.

According to Rennick Palley, the chairman of hedge fund Stratos, these two launches drained the money from meme coin traders and drew substantial losses. More significant image gold launches soared and fell within 24 hours, causing significant losses for investors in the process.

Most importantly, LIBRA, which was promoted on social media by Brazilian President Javier Milei, rose to a$ 1.17 billion market cap before falling 96 % to$ 40 million in just six days. Investigations found connections between the image stock’s issuers and those behind Melania Trump’s image gold, as well as common allegations of inside trading involving significant protocols and influencers.

Fears about the business being rotten to the core reached an all-time high as the narrative developed that joke coins were a rigged sport. This, according to Bateman, was the “last nail in the coffin” for video coins.

Meme cash initially appear to be blackjack games, according to Nick Vaiman, co-founder and CEO of the analysis company Bubblemaps. It’s far worse than that: the game is rigged from the beginning. The insiders who are well-versed in the world, the skilled snipers who arrive shortly, and the group behind it, he said, “have nearly no chance of losing.”

Some people will stop using image coins and instead turn to more reliable investments with genuine value behind them. Pranav Kanade, a VanEck investment administrator, told that he anticipates capital to flow from joke coins into a “handful of altcoins” because of the peace of mind they may offer. However, not everyone is persuaded.

According to Loopify,” a lot of these people dislike standard currencies created by VCs with great views,” and as a result, it’s more likely that they’ll keep to singular religion cryptocurrencies or [they ] leave the market until a new opportunity arises.”

Murad Mahmudov, a crypto businessman, has discussed his image gold investment thesis, which focuses on finding” religions” and buying into them. Not a single coin from CoinGecko’s list has, however, been in the alternative for the past seven days.

Additionally, macroeconomic forces are causing overall price declines. As the Trump administration rattles the market with tariffs, Bitcoin ( BTC ) is down 17 % since the LIBRA launch, and the S&amp, P 500 is down 2.7 % over the past month, according to TradingView.

According to Palley,” International liquidity has also been declining as of late, and memes are the most vulnerable to this,” and that is because it appears that liquidity has lately bottomed, but memes are likely to recuperate over the next few months.

Ditch traders concur, with anonymous video gold seller 0xWinged saying that the business has “heavily overreacted” and saying that Solana may soon rebound back to$ 170 with volume returning to the trenches.

At the end of the day, people are naturally inclined to want to gamble, and as the market’s liquidity rises, so will the amount of cash available. According to Palley,” Meme coins are here to stay,” she continued.