Crypto

Solana's Memecoin Uptrend Raises Questions About Liquidity and Speculation

Guavy AI Editorial Team Published September 7, 2026

Instruments

SOL DOGE MEME

Despite a strong performance in August, Solana's fundamentals have taken a bearish turn at the start of September. One concern is the shift in daily DEX volume, with Robinhood Chain surpassing Solana.

However, there are signs that memecoin liquidity may be rotating towards Solana. ZCAT, a cat-themed memecoin on Solana, has surged 500% in 24 hours to a $140 million market cap, making it the second-largest cat-themed memecoin behind Robinhood's CASHCAT.

This trend could be indicative of a broader shift towards memecoins. The largest memecoin by market value, Dogecoin, has already climbed over 8% this month, and some experts are predicting a potential 'meme supercycle.'

Solana's Memecoin Uptrend Raises Questions About Liquidity and Speculation

ETH Faces Critical Resistance at $2,700 Ahead of Potential Move to $3,000

IREN Bets Big on AI Data Centers with $30 Billion Investment Plan

Robinhood Chain and Tokenized Stocks: A New Era for Online Finance