Crypto Market Fatigue: Memecoin Era Ending, Solana Ecosystem Pressure
Sentiment across crypto CT is bearish on market structure: thin participation, bot-driven activity, and disillusionment with Solana's pump.fun dominance are fueling rotation thesis toward Base.
What we know
An account on X captures the mood: 'feels like there are 15 real people trading in this market total.' another account on X RTs a farewell to the memecoin era, calling the space 'too far gone.' another account on X argues Base or Robinhood are positioned to take over as the dominant chain, with people 'tired of pump running the show.' Meanwhile, another account on X echoes product frustration on the L1 side: StarkNet's L1 narrative needs to stop explaining and start shipping.
How the story developed
Sentiment across crypto CT is bearish on market structure: thin participation, bot-driven activity, and disillusionment with Solana's pump.fun dominance are fueling rotation thesis toward Base.
Multiple voices describe the onchain memecoin market as exhausted and cyclically broken. A separate narrative is forming around Base chain's potential bull run driven by Brian Armstrong and $WORTH token signals.
Base chain is generating buzz with speculation about a new 'culture coin,' while Solana memecoin traders are scheming plays and warning against reactive strategy shifts.
By the Global Eye 24 desk, with AI assistance. Updated as the story develops. Spot an error? Write to corrections@globaleye24.com.