Solana Memecoin Meta: Jimothy, Shakeouts & Pumpfun Fatigue
The Solana memecoin space is showing signs of fatigue, with $STONK being compared to failed BonkFun and traders calling out pumpfun KOLs. $Jimothy remains a community focal point while veterans warn early shakeouts are designed to be maximally convincing.
What we know
An account on X names only a handful of coins — including $jimothy — he'd hold if nuking everything, sparking community reaction. Another account on X jokes about Jimothy plushies at Costco. Another account on X warns $STONK looks like BonkFun 2.0 with $30M extracted and shady bundle activity. Another account on X mocks pumpfun KOLs trying to trade without insider info. Another account on X provides the philosophical frame: early shakeouts are 'by psychological design' and must be convincing to work — positioning current action as expected volatility rather than trend reversal.
How the story developed
The Solana memecoin space is showing signs of fatigue, with $STONK being compared to failed BonkFun and traders calling out pumpfun KOLs. $Jimothy remains a community focal point while veterans warn early shakeouts are designed to be maximally convincing.
Pump.fun leads the launchpad revenue race with $1.44M in 24hr fees and $11.51M over 7 days, far ahead of competitors Flap SH and STONK, as the Solana meme ecosystem remains highly active despite market choppiness.
$STONK's daily trading volume fell another 40% to $14M with revenue at $141K; buybacks continue but at a reduced pace as market share holds just above 4% on Solana.
By the Global Eye 24 desk, with AI assistance. Updated as the story develops. Spot an error? Write to corrections@globaleye24.com.