Meme tokens on the Solana platform are regaining attention, altering market influence.
Solana Memes Reorganizing
Solana-based memes are experiencing shifts in influence. Bonk (BONK) has flipped DogWifHat (WIF), reaching a market cap of $2.99B. Both tokens have gone through drawdowns of up to 70%, continuing to attract both retail and whale activity.
DEX Activity Slowdown and New Trends
The overall market capitalization of meme tokens retained over $120B after a recent correction. Solana accounts for about 10% of that market. However, DEX activity on Solana has decreased compared to previous periods, with user interest shifting towards DeFi and Ethereum-based projects.
Rising Interest in AI Agent Tokens
Interest in Solana-based tokens is fueled by new tokens linked to AI agents. These tokens have become the most active on the market in recent weeks. Some tokens, like FARTCOIN, have reached significant highs, drawing parallels to popular social media AI agents.
Despite the slowdown in Solana DEX activity and market shifts, meme tokens remain in focus, presenting opportunities for rapid growth.
