The post Solana Price Analysis: Can SOL Overcome Meme Coin Frenzy As Utility Sensation RTX Takes The Spotlight? appeared on BitcoinEthereumNews.com.

Solana price analysis suggests the chain may face headwinds, despite its once-booming DeFi ecosystem and lightning-fast transactions. Aggregator data places Solana near $170–$175, with a 24-hour volume hovering around $3.7 billion, reflecting steady but not explosive interest. Meanwhile, the chain has seen a wave of meme tokens like BONK and WIF capturing short-term hype but struggling for lasting traction. In parallel, an emerging altcoin known for real-world use—Remittix is drawing capital from whales and small investors seeking more than comedic branding. Below, we break down how meme mania is influencing Solana sentiment and why utility sensation RTX is luring attention away from tokens anchored in transient social-media buzz. SOL and Meme Tokens Struggle for Stability Despite Solana’s vaunted speed and past DeFi expansions, aggregator data shows its daily volume declined by about 12% last month, sparking concern that user enthusiasm may be waning. SOL’s decline Some watchers point to Solana meme coins, BONK and WIF, which soared on initial hype but now face declining volumes as the novelty wears off. Meme-driven tokens often rely on influencer tweets or viral marketing, leaving them vulnerable to abrupt sell-offs once a new trend arrives. This volatility can cast an overall shadow on Solana, as potential newcomers fear the chain is too meme-focused. Even if SOL’s technology remains robust, short attention spans in crypto can undermine confidence unless real utility emerges. Why Meme Coins Fall Short Meme coins on Solana, such as BONK and WIF, launched with comedic themes and minor DeFi add-ons, grabbing headlines with massive percentage gains in hours. Yet aggregator data shows volumes dipping 40–50% after that initial rush, highlighting how fleeting meme cycles can be. Without robust liquidity or deeper functionality, many joke tokens falter. This creates an uneasy environment for Solana, which aims to be a top-tier blockchain for…

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Filed under: News - @ February 23, 2025 10:27 pm