After months of turbulence, the memecoin scene on the Solana platform is showing signs of revival due to Pump.fun's new initiative — the Glass Full Foundation (GFF).
Revival of Memecoins on Solana
The Glass Full Foundation (GFF) has been launched by Pump.fun to stabilize and support the most community-driven tokens on the Solana platform. The announcement comes at a critical time for the sector, as memecoin trading volumes on Solana have decreased by 97% since the beginning of the year.
Increased Interest in PEPE
The Ethereum-based meme coin PEPE is also experiencing renewed investor interest. Social sentiment analysis indicates that PEPE has entered the top three most-discussed meme assets on crypto Twitter in August. If current trends continue, traders expect PEPE to attempt to reach its previous highs.
Shiba Inu Expansion with Shibarium
Shiba Inu (SHIB) is also showing growth as plans for Shibarium — its layer-2 scaling network — ramp up. On-chain transaction volumes are on the rise, and the token burn rate increased by over 80% in August. The new level is expected to improve throughput and reduce fees, creating additional utility for the SHIB token.
With fresh initiatives and renewed interest in memecoins, the fourth quarter may emerge as a key period for stabilization and further price growth in the memecoin sector.
