Solana memecoin are still alive, but its not like the old days. Solana is the center of memecoin trading thank to Pump.fun , fast transactions and cheap fees. Around 2 years ago coin major runners were reaching market caps of 100 milion every week now its like once every 6 months. Volume has droppped and traders are leaving.
The peak was the launch of the TRUMP coin in January 2025. Donald Trump launched a Solana coin and became one of the biggest memecoin ever. Its price reached an all-time high of about $73–$75, around $14 billion in market cap wich is huge. This made a Solana worth around $300 because of this. This showed how much money entered Solana during the memecoin boom.
Since then, the market has changed. Volume has dropped, a coins life expectancy got shorter and shorter over time, and major runners do not reach the same market caps as before. Many traders became tired from how easy it was losing money from rugs, insider dumps and coins that died within hours. Pump.fun monthly revenue has dropped to around $24.96 million in July 2025, around 80% lower than its January peak of more than $130 million. This shows how much the market slowed down after the strongest hype period.
Another problem is how hard its to entry the markets. new traders are the last to sell a coin because they don’t or most likely cant know better. The earnings go to the same people that have been there a long time and have conections with developers and other famous people in the space.This makes it hard for new traders to get success so they leave, making the market smaller as time goes.
In my opinion, Solana memecoins will survive. The space is no longer rewarding random coins the way it once did. But people in general will never stop gambling with their money so other people still can find value gaps ,even though its getting worse everyday.
