Solana Meme Economy: The Culture That Drives Billions In Volume – Here’s How
Solana meme economy has evolved into one of the most explosive forces in crypto, and the community is now moving billions in daily trading volume. The culture surrounding SOL’s meme coins has become a foundational driver of its network activity, liquidity, and overall market dominance in decentralized exchange (DEX) trading. How Meme Liquidity Fuels Solana’s Growth Crypto analyst known as BagCalls on X has pointed out that the memecoin menia and Degen energy culture of Solana is what defines the project. This is where the project SolsticeFi steps in, and it’s building a native....
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A fresh wave of on-chain activity shows billions of Shiba Inu (SHIB) tokens shifting hands through a major market maker. This large-scale transfer points to behind-the-scenes moves that could redefine how SHIB is positioned in the market, underscoring the meme coin’s continued presence among high-volume players. Wintermute Moves Billions Of SHIB To Exchange Shiba Inu […]
Who doesn’t love a good meme? Here’s how DOGE, SHIB and other meme tokens are tugging crypto’s leash toward mass adoption. 2021 has been a breakout year for the cryptocurrency sector, as the passage of the first Bitcoin (BTC) exchange-traded fund (ETF) is a sign that crypto is becoming more mainstream and has the potential to lead to an increase in investors’ exposure to BTC.The influx of new participants into the market throughout the year has had a profound impact on the overall culture of the crypto ecosystem. Ideas of privacy and a secure store of value have been overshadowed by the....
Solana’s bridges have recorded insane volumes ($10B+) since 2021, but their performance over the last 3-4 months has been particularly breathtaking. Although the total volume increased by a massive 114% in the last year (i.e., since February 2024, when it was just $4.7B), the months of November, December, and January recorded $6B in inbound volume just between them. The most bridged asset in the Solana ecosystem was $USDC, with an all-time inbound volume of $3.9B. It was followed by $ETH, which registered nearly $2B. It’s worth noting, however, that it’s not just the....
The price of bitcoin dropped below the $44K zone on Wednesday to $43,678 per unit as the entire crypto-economy has shed billions in value. At the time of writing, the overall crypto economy is down 4.5% as it dipped to $2.25 trillion in value. Bitcoin and Crypto Economy Sheds Billions, Crypto Fear & Greed Index Indicates ‘Extreme Fear’ Is in the Air Bitcoin (BTC) slid in value today, roughly 5.4%% during the last 24 hours. Just after 3:00 p.m. (EST) prices dipped from $46K to $43,678 per unit. BTC’s price is just below the $44K price range against the U.S. dollar.....
Solana’s recent price behavior has sparked anxiety in the the digital currency market. The once-soaring blockchain has fallen significantly as a result of a widespread slump. Solana native token (SOL) has been down 32% in the last four weeks, trailing Bitcoin’s 10% decline and Ethereum’s 15% dip. As the network suffers with the fallout from a meme currency frenzy that left investors reeling, a sudden sell-off occurs. Related Reading: Think XRP Is ‘Crashing’? Analyst Says You Deserve A Slap! Meme Coin Mania Turns Into Disaster Solana has been the epicenter of an explosive....