In recent months, Solana’s onchain trading volume has surged, driven largely by the popularity of memecoins. Solana’s Real Economic Value (REV) recently hit a record $36 million in a week, with 78% of DEX volume consisting of memecoins. Notably, the memecoin Goatseus Maximum, associated with the AI bot truth_terminal, has captured significant attention, achieving a market cap of over $730 million. Solana's price also reached a historic high, valued at 7% of Ethereum's price. The rise of AI-themed memecoins seems to provide a new narrative that traders find appealing, contrasting with the previously unserious nature of memecoins. Despite the excitement, there is skepticism about the true significance of these AI agents, as some view them as a mere rebranding of existing chat bots. The notion that memecoins can symbolize something more tangible may be a key factor in their current popularity and the rising metrics for Solana.

Source 🔗