The comeback of MEME coin: A signal of the Meme ecosystem's transition from silence to revival

MEME coins surged 19.55% within 24 hours, currently trading at $0.00119159. This is not only a price fluctuation of a single token but also reflects a significant turning point in the entire Meme coin ecosystem. According to the latest news, Meme activity share on Solana DEX has rebounded to 50% after six months of silence, and the number of Meme coins issued on the Solana chain in a single day has approached 30,000, reaching a new high since September last year. What do these data imply?

Price Performance and Market Momentum

Although the recent rise of MEME may not seem extreme, trading data reveals the true market sentiment. According to the latest market data, MEME’s trading volume over the past 24 hours reached $19.8 million, with a market cap of $7.35 million. Notably, the market cap increased by $12 million compared to yesterday, indicating that the rise is driven not just by price appreciation but also by genuine capital inflows.

In terms of volatility, MEME reached a high of $0.0012365 and a low of $0.00099305 within 24 hours. This fluctuation reflects market participants’ renewed interest in Meme coins.

The True Turning Point in the Meme Coin Ecosystem

Behind the price increase is a clear revival of ecosystem activity. Based on the latest data, this recovery signals three key points:

Trading activity has refocused on Meme coins

The share of Meme activity in weekly trading volume on Solana DEX has returned to 50% after six months of dormancy and has maintained three consecutive weeks of growth. This figure is crucial, indicating that Meme coin trading activity within the entire DEX ecosystem has recovered to a significant level.

New projects are injecting vitality into the market

The number of Meme coins issued on the Solana chain in a single day has approached 30,000, a new high since September last year. The influx of new projects often signifies rising market sentiment, with developers and speculative funds returning to this sector.

Platform optimizations attract capital back

Pump.fun has made significant adjustments to creator fee structures, introduced new revenue-sharing schemes, and planned a voting mechanism for traders. The goal of these optimizations is straightforward: to attract more developers and participants back onto the chain through better incentives. Such proactive platform improvements often boost overall ecosystem engagement.

Structural Opportunities Amid Multi-Chain Divergence

It is worth noting that the Meme coin market is not moving uniformly but showing clear signs of divergence. According to the latest news, several Meme projects on BSC have experienced substantial surges, with some surpassing hundreds of millions of dollars in market cap, while some projects within the Solana ecosystem have hit all-time highs. Meanwhile, some projects have also faced large-scale sell-offs by major holders. This divergence indicates that market participants are actively choosing between different chains and projects rather than blindly following trends.

Future Focus

From a fundamental perspective, MEME was launched on November 3, 2023. Currently, the circulating supply is 6.168 billion, with a total supply of 6.9 billion, and a circulating ratio of 89.39%. Its current market cap ranks at 332nd, indicating that its overall market size remains relatively small within the crypto space.

Whether this price increase can sustain depends on several factors: whether Meme ecosystem activity can remain high, whether platform optimizations can truly attract long-term participants, and whether market sentiment can shift from short-term speculation to more rational involvement.

Summary

The 19.55% increase in MEME is not an isolated event but a signal of the Meme coin ecosystem rebounding from six months of dormancy. The return of Meme activity share on Solana DEX to 50%, record-high issuance of new projects, and platform optimization mechanisms attracting capital all contribute to this market turning point. Meanwhile, the multi-chain divergence pattern also reminds participants to be more cautious in project and timing selection. For investors interested in this sector, the recent revival of activity is worth noting, but caution and risk management are still essential.