Solana-based meme coins are encountering difficulties as they witness significant outflows and a downward price trend in the last 24 hours. Investors in the meme coin market seem to be diverting their attention to alternative blockchain platforms like Base for better opportunities or due to doubts about Solana's meme coin future.

There is a noticeable increase in outflows across various Solana assets, resulting in a gradual decline in their value. Meme coins are highly speculative and risky, often comparable to gambling. Investors face the possibility of losing their entire investment if liquidity is removed abruptly, especially if it is not locked. Scammers use tactics such as freezing wallets to hold investors' funds captive.

When examining the Fully Diluted Valuation of prominent Solana meme coins, a common trend emerges as most of them are in the red, showing significant drops in value recently. This decline is not unique to Solana, as other popular meme coins are also experiencing substantial losses. Investors may be shifting to different platforms to seek new meme coin opportunities, exposing themselves to different risks.

On a separate note, the performance of Solana (SOL) itself has been bearish lately, despite a successful breakthrough of the symmetrical triangle. Unfortunately, the price trend reversed downward after a few days of trading above the formation.

In essence, meme coins on Solana are gradually losing momentum, signaling caution for investors in this space due to high volatility and risk of losses. The current outflows indicate a pessimistic outlook for Solana meme coins. Nonetheless, history shows that investors tend to have short memories, and the meme coin trend could resurface in the future. While it might occur on a different blockchain, Solana remains a strong candidate for such a resurgence.