The post Solana Meme Coins Slump as Investors Rotate into ETH & ‘Quality-Focused’ Altcoins appeared on BitcoinEthereumNews.com.

In brief Solana meme coins as an asset class have dropped more than 8% on the day. Expert say that investors are looking to purchase “quality-focused” assets, such as Ethereum and other altcoins. ETH has posted impressive gains this month, up 47.5%, as institutional interest in the asset spikes. Solana meme coins are one of the worst-performing crypto asset classes of the day, according to CoinGecko, with the category as a whole slumping by 8.5%. It comes as experts say that investors are rotating funds into “quality-focused” assets such as Ethereum and other leading altcoins. Major Solana meme coins, such as absurdist meme Chill House, the lowbrow token Fartcoin, and gaming-inspired meme MLG, have all dropped by double digits on the day. The network’s second-largest meme coin BONK has fallen 6.5%, despite the announcement that a publicly traded company intends to acquire $115 million worth of the token by the end of the year. It’s worth noting that the total meme coin sector is down 4.1% on the day and the entire crypto market is trading flat, per CoinGecko, but Solana memes have underperformed the wider meme coin market. Meanwhile, it’s been a great month for Ethereum, up 4.7% on the day per CoinGecko data. “The ETH ecosystem, DeFi, and higher-beta L1s have generally held up better than meme-coins. SOL continues to lag, with competitors questioning its narrative,” Max Shannon, senior associate at crypto index provider Bitwise, told Decrypt. Ethereum attracts institutional interest It follows a spike in institutional interest in ETH, as $10.87 billion in total has flowed into Ethereum ETFs while public treasury companies have acquired more than $14 billion. Ethereum ETFs and strategic reserves now account for almost 8% of ETH’s total supply. “Our institutional clients are becoming increasingly fundamental-discerning and quality-focused,” Shannon explained. “The emerging narrative…

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Filed under: News - @ August 12, 2025 8:25 pm