Market Analysis of Meme Coins on ETH and SOL: New Trends and Capital Flows
As multiple bearish factors have been digested by the market, the crypto market is gradually warming up from the bottom, with Ethereum performing the most eye-catching over the past 7 days. After experiencing the Pectra technical upgrade, continuous ETF buying, and the successful launch of the Virtual new project model, Ethereum has strengthened its price due to the triple support of capital recognition, technological advancement, and ecological prosperity, while also driving the revival wave of on-chain Memecoins.
On the Solana side, although established secondary Memecoins and AI sector tokens have generally risen, the primary market is accelerating with a lack of new narrative support. At the same time, the upper market is facing selling pressure from large addresses continuously releasing their holdings, while the lower market is affected by the blood-sucking effect of trading platforms. Currently, only the Bonk ecosystem is continuously outputting new projects, but ordinary participants are finding it difficult to profit within the ecosystem.