A year ago Solana was printing a fresh $100 million memecoin every few days. This year you might get one every few months.
The peak was January 2025. Trump launched his token and it ripped to billions in hours. Solana was trading near $290. The meme coin trenches were printing winners non stop. Almost nobody knew that was the top.
Since then the liquidity drained out slowly and quietly.
Three runners in six months. WhiteWhale crossed $100 million first in January, then Penguin ran to over $130 million. After that, nothing touched $100 million until TROLL in May, three and a half months later.
The runs do not last the way they used to. They pump for days then bleed straight back down. Solana dropped from $290 in January to around $70 today. Retail got wrecked and the money ran out.
Then this week Ansem called out Pump.fun for keeping rewards from users, told the community he would hand them the fees himself, and delivered the first real cultural runner the space has had in months.
ANSEM hit $100 million market cap in a dead market where almost nothing moves anymore.
Sometimes it just takes the right person saying the right thing at the right time.
$SOL $PENGU $PUMP