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Coin Edition 2025-06-09 18:30:00

As Meme Coin Hype Fades, Is a Rotation into Bitcoin and Altcoins Imminent?

As Meme Coin Hype Fades, Is a Rotation into Bitcoin and Altcoins Imminent?

Whale trading volume in Solana meme coins has plunged to its lowest level since February 2024 Retail interest is following suit, with activity dropping in tandem after each whale-driven spike Market sentiment is shifting amid macro uncertainty, Binance-driven meme coin rallies, and Bitcoin’s potential breakout Whales seem to be waving goodbye to meme coins, at least where the trading volume on Solana is concerned. According to the recent numbers presented by Coin Bureau, whale trading volume on Solana meme coins hit its lowest level since February 2024. This could signal that the hype around meme coins, which hit their peak in November 2024 following a period of calm, has cooled off for now. As the chart indicates, the recently renewed whale interest in meme coins at that point neared its early 2024 (February – March) levels. After each spike, whale activity has tended to drop off quickly, fluctuating throughout mid-to-late 2024, until a downtrend set in after November, leading to further declines towards March 2025. Meanwhile, retail activity has closely followed whales, with surges beginning shortly after whale spikes. Source: Coin Bureau / Dune Ana… The post As Meme Coin Hype Fades, Is a Rotation into Bitcoin and Altcoins Imminent? appeared first on Coin Edition .

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