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Solana's ecosystem in 2025? Still a bit of a mess. Inflated trading volumes, market shenanigans - the whole nine yards. Whale wallets are up to their old tricks, pumping up meme tokens like there's no tomorrow.
It's kinda crazy. These big players split their SOL, then buy and sell new tokens like it's going out of style. Makes it look hot, you know? Retail traders might fall for it.
Some meme tokens hit $200k-$300k before tanking. Not as wild as before, but still hurts.
Get this - one whale can fake an entire "army" of wallets. Talk about smoke and mirrors.
It's not just memes either. Even Jupiter got hit. A whale churned out $49 billion in volume, just swapping USDC and JUP. Nuts, right?
Solana's DEX volumes? Still high at $3.74 billion daily. But active traders? Down since 2024. About a million a day now. 300k new, 600k repeats.
Trust issues? You bet. Solana's got good stats elsewhere, but this wash trading thing? It's a thorn in their side. Seems like it's all about extracting those sweet, sweet fees.