Solana meme coins have disappeared, the main points of the article clarify

The meme market for Solana Coin has fallen to its weakest level in almost two years due to a continued decrease in trading activity on decentralized exchanges.

According to Blockworks data, this category now represents less than 10% of the daily trading volume on Solana-based DEX exchanges. That represents a sharp reversal from the boom that dominated the network last year.

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Solana traders abandon memes in favor of stablecoins

To give context, Solana meme coins It achieved an approximate volume of $295 million on November 27. This amount represents approximately 9.2% of the more than $3.2 billion that was traded on the network that day.

This decrease confirms a sharp decline from December 2024, when the same assets represent more than 70% of The trading volume in Solana DEX.

The withdrawal followed a series of fraudulent withdrawals and scams that hit the Solana ecosystem earlier this year.

One of the most visible events involved the LIBRA token, a meme coin associated with the controversy over… Argentine President Javier Milley.

Its collapse drained more than $107 million of cash. It also contributed to losses estimated at $4 billion more broadly, according to industry watchers.

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A sequence of events led to Decrease in Solana user activity, Including a decrease in the number of unique traders, creating an atmosphere of wider decline in meme assets.

Subsequent scams reinforced this trend, eroding investor confidence and reducing the pool of market participants willing to speculate on the new tokens.

As a result, the number of token launches in Solana has decreased by 42% since mid-January. This decline reflects a broader contraction in appetite for riskier projects.

Are memecoins dead?

The amount of token launches on Solana has decreased by 42% since mid-January.

However, this has not reduced the amount of activity in the chain with more than 11 million active addresses. Actually very bullish. pic.twitter.com/a5Qpjbmmmp

— Solana Sensei (@SolanaSensei) November 28, 2025

At the same time, as meme activity decreased, stablecoins took a larger share of the network’s flow.

Blockworks data shows that Transactions related to stablecoins It rose to nearly 80% of DEX volume, one of the highest readings in more than two years.

This shift indicates a clear preference for assets that offer deeper liquidity and lower volatility, especially as markets absorb. The biggest contraction of the year.