Dogecoin, Solana Weekly Volume Falls to Less Than Half of 2024 Levels
On-chain analytics firm Santiment reports that weekly trading volume for several major altcoins — including Dogecoin (DOGE) and Solana (SOL) — has dropped to less than half of the levels seen at the end of 2024. The dataset covers nine assets (Bitcoin, Ethereum, Dogecoin, Cardano, Solana, BNB, XRP, Tron, Chainlink) and shows a sector-wide decline in weekly trading volume over recent weeks. Santiment and the article attribute the slowdown to subdued price action (sideways consolidation) and the holiday period, which historically lowers activity. Compared with the 2024 year-end holiday dip, Ethereum and many altcoins showed stronger movement then; in 2025 those altcoins now register markedly lower volumes. Lower trading volume normally correlates with muted price momentum and a higher likelihood that consolidation will persist until a volatility trigger (news or market event) re-engages participants. The piece notes DOGE briefly spiked to $0.128 before retreating to about $0.122 amid the low-volume environment.
Neutral
Lower weekly trading volume across major altcoins signals reduced market participation and typically leads to muted price action. For traders, this increases the probability of extended consolidation and decreases the likelihood of reliable momentum-based breakouts until a volatility catalyst appears (news, macro event, or large on-chain activity). Historically, holiday periods and low-volume windows (e.g., end-of-year slowdowns) produce similar outcomes: tight ranges, lower liquidity, and larger relative price moves on smaller order flow. Short-term implication: expect choppy, low-momentum trading, wider spreads on illiquid venues, and higher slippage for larger orders — favor smaller positions, limit orders, and tighter risk controls. Long-term implication: persistent low volume can delay trend formation and reduce the speed of price discovery; however, it does not change fundamental valuations and can reverse quickly if market sentiment shifts or if a major event (ETF flows, regulatory news, large whale movement) triggers renewed activity. Overall, the news is neither overtly bullish nor bearish but points to a market environment that favors range strategies and event-driven trading rather than momentum chasing.