Meme craze resurges: SOL sees over $15 billion in trading volume in one week—how long can the golden dog rally last?



The SOL ecosystem has been driven up by meme coins this week. Cumulative trading volume surpassed $15 billion, with estimated aggregate capital inflows between $1.8 billion and $2.8 billion. Total market cap is approaching an all-time high. With "golden dogs" emerging frequently, the wealth effect is in full swing, significantly boosting on-chain activity and capital turnover.

This wave of meme rally has several characteristics:

First, capital is rotating from mainstream coins into the SOL ecosystem. BTC and ETH have been consolidating sideways recently, as existing funds seek high-elasticity targets—SOL ecosystem meme coins have become the absorption pool.

Second, the wealth effect is self-reinforcing. The frequent emergence of golden dogs means real profit-making opportunities, attracting more capital inflows, with on-chain metrics continuing to climb.

Third, sustainability is questionable. Meme rallies are characterized by coming fast and fading fast. Once the leading coins cool off, the follow-up buying will quickly recede. SOL's total market cap is close to an all-time high, meaning room for further upside is narrowing.
MEME1.34%
SOL1.85%
BTC2.95%
ETH2.19%
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