Solana Price Falters as Meme Coin Hype Dies Down
February 25, 2025 (Investorideas.com Newswire) Within the crypto space, Solana is one of the most prominent tokens around. This goes beyond just the native asset but also extends to the underlying blockchain. As many of us know, the more use cases in blockchain enjoy the more benefits that its native token will see.
But even though Solana reached a new all-time high of $216 back in January 2025, it has seen an over 60% decline since then. This comes as a surprise to some given that 2025 was supposed to be Solana's year.
A lot of this decline can be put down to the instances of meme coins being built on the blockchain. Meme crypto coins have been one of the most popular yet controversial sub-niches of cryptocurrency. On the one hand, they have gained a very dedicated community of investors. On the other hand, they're only seen as short-term investments, given how quickly they can grow and decrease in value. Still, many coins have proven to be lucrative investment options for those who can act quickly on the crypto market.
Some have ended up being rug pulls, with founders trying to make a quick buck off investors and then leaving them with a flatlined project. In other cases, the token simply didn't live up to its potential and was abandoned by the market over time. The decline of these tokens has meant a decline in demand for the Solana blockchain and thus, it declining its price.
But ironically, meme coins can also be a tool to rescue the ecosystem from the current price slump. The crypto boom we saw in 2024 welcomed many new market entrants, including those who did not have a legitimate project to push for and wanted to get rich quickly. As the hype around meme coins gradually decreases, we are seeing the emergence of new innovative meme coins that actually have use cases.
Investors have become very discerning about what they put their money into and can spot a shit coin disguised as a meme coin from a mile away. As these legitimate projects continue to make their way into the market, investors will buy them in mass and this will benefit Solana.
Another way Solana can recover in 2025 is through the possible launch of an ETF. Last year saw Bitcoin and Ether secure their own ETFs and this year, all bets are off about which token will be next. XRP, Dogecoin, and, of course, Solana are some of the tokens being considered and if Solana can secure its own ETF, the price benefits will be impressive.
Ultimately, Solana investors are not abandoning the cryptocurrency just yet because the meme coin market is not going anywhere. On top of this, the NFT market is staging a comeback of sorts and Solana is one of the major blockchains it depends on. If all of these different factors can align in 2025, we will see Solana not only make a short-term price recovery but long-term gains as well.
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