Solana Memecoins dey fall as investors dey run go Ethereum and correct Altcoins
Solana memecoins don drop by average 35% for last one week as investors dey move dem money go Ethereum and beta altcoins wey focus on quality. On-chain data show say tokens like BONK and SAMO don drop over 40% from their recent peaks. Meanwhile, Ethereum dey gain momentum before e Shanghai upgrade, with staking yields and network activity dey boost demand. Altcoins like ARB, OP and LINK dey perform better pass Solana memecoins. This rotation show say dem shift from high-risk meme tokens go projects wey get stronger fundamentals, wey fit mean more wahala for Solana-based assets and possible better market dominance for Ethereum.
Bearish
Di slump wey happen for Solana memecoins plus capital wey dey flow go Ethereum and better-quality altcoins dey show say market get bearish mindset for high-risk tokens. Same kain pattern show before after memecoin hype cycles when traders dem run comot from volatile assets. For short term, more decline plus higher wahala for price movement for Solana memecoins fit happen. For long term, capital fit dey gather for stronger projects like Ethereum, wey fit reduce how far memecoins wey get risk go fit rally.