Solana memecoins have reached an all-time high, collectively valued at $9.84 billion, marking a significant milestone for this sector. Among 57 memecoins with market caps exceeding $75 million, 16 are native to Solana, while 18 exist on Ethereum. This valuation comes as Ethereum's memecoins are estimated at about $19 billion, largely due to shiba inu comprising nearly 60% of that figure. In contrast, Solana's memecoins are gaining traction while Ethereum's are stagnant, down 35% since Bitcoin's peak in March. The ongoing dynamics suggest a potential flippening in the memecoin markets, prompting observers to monitor DEX volumes and fee trends closely. Base and Bitcoin's memecoin markets are also highlighted, with Base currently holding a $1 billion market cap spread across just two primary memecoins, DEGEN and BRETT. Meanwhile, Bitcoin's memecoins are closely competing with Base's in terms of market value. The increasing interest in Solana's memecoins amid Ethereum's stagnation sheds light on shifting investor focus within the crypto landscape.

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