- Solana Memecoin Market Decline: The Solana memecoin sector lost $2 billion in 24 hours, dropping below $10 billion in valuation as Trump’s tariff announcements and market-wide volatility fueled a sell-off.
- Key Memecoins Under Pressure: POPCAT, Dogwifhat (WIF), and TRUMP have suffered double-digit losses, with POPCAT targeting $0.18, WIF at risk of breaking below $0.50, and TRUMP testing the $10 level as bearish momentum builds.
- Market Recovery Uncertain: While technical indicators signal more downside, a potential relief rally could emerge if buying volume increases and key resistance levels are reclaimed across the Solana memecoin ecosystem.
The Solana (SOL) memecoin market just got obliterated, shedding a jaw-dropping $2 billion in value in just one day, sinking to $8.1 billion during early Asian trading.
Major Solana meme tokens—Popcat (POPCAT), Dogwifhat (WIF), and Trump (TRUMP)—are leading the losses, with technical indicators flashing major warning signs.
Memecoin Meltdown: The Double-Edged Sword of Solana’s Growth
The Solana ecosystem has been the talk of the town lately, but not always for the right reasons.
On one hand, Donald Trump’s announcement that SOL will be part of the U.S. Crypto Strategic Reserve, coupled with CME Group’s move to list SOL futures ETFs, created a wave of optimism.
But just as quickly, FTX estate dumped 11.2 billion SOL tokens, flooding the market with excess supply. The result? A 20% price crash for SOL in 24 hours, dragging down memecoins even harder.
Market Carnage: Solana Meme Sector Tanks 24.5%
The entire crypto market took a hit on Tuesday, but Solana memecoins were the worst performers by far, dropping double the market’s average losses.
POPCAT, WIF, and TRUMP all plunged over 10%, and technical indicators suggest the worst might not be over.
POPCAT: Holding on by a Thread?
- Current Price: $0.22
- Key Resistance: $0.25
- Next Support: $0.18 (if bulls fail to hold the line)
POPCAT broke below the midline of its Keltner Channel, signaling growing bearish control. The MACD just flipped negative, suggesting further downside is likely.
If the price drops below $0.18, expect acceleration toward $0.15. On the flip side, a decisive reclaim of $0.25 could reignite bullish momentum, pushing toward $0.32.
Dogwifhat (WIF) in Freefall – Can It Avoid the $0.50 Breakdown?
- Current Price: $0.61
- Resistance: $0.65
- Major Support: $0.50
WIF got rejected from its Donchian Channel midline, with the Parabolic SAR trend indicator flashing bearish warnings.
The BBP (Bull-Bear Power) indicator is printing negative at -0.047, confirming that sellers remain in control. If WIF drops below $0.50, expect a fast slide to $0.42.
A break above $0.65, however, could shift momentum, with $0.80 as the next upside target.
TRUMP Token: A Spectacular 80% Collapse – Is $10 Next?
- Current Price: $12.40
- Next Key Level: $10 (critical support)
TRUMP token has crashed 80% from its all-time high of $12.8 billion in valuation, currently struggling to hold $12.40.
The RSI is sitting at 40.56, drifting downward, failing to reclaim the neutral 50 mark—an indication of increasing bearish momentum.
If TRUMP price slips below $10.80, expect a full-on breakdown toward $10. Bulls need a massive volume injection to push back toward $14 and reclaim lost ground.
Final Thoughts: Can Solana’s Meme Sector Recover?
Memecoins on Solana are in deep trouble, but not all hope is lost. A broader market rebound, coupled with renewed buyer interest, could stabilize prices.
However, if SOL itself keeps tanking, expect further sell-offs across the board, with meme tokens feeling the brunt of it. The coming days will be make or break—watch Bitcoin, Ethereum, and Solana closely, because their moves will dictate the fate of memecoins.
For now, the bears are in control—and they’re not letting go anytime soon.
