CandleFocus A memecoin market flippening could be underway
2024-10-31
Author: Content Editor
The article highlights the rising popularity of memecoins on the Solana blockchain, with 16 of the 57 memecoins with at least a $75 million market cap being native to Solana. These Solana memecoins have reached an all-time high valuation of $9.84 billion. In comparison, Ethereum memecoins have a total valuation of about $19 billion, with shiba inu making up the majority of that. The article suggests that Solana memecoins are gaining ground while Ethereum memecoins are stagnating. Additionally, it mentions the limited success of memecoins on other chains such as Base and Bitcoin. The article concludes by speculating on the potential for a flippening in the memecoin markets.
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