Hot Goss: Is SOL a Meme Queen in Distress? 👑🤡
Are memecoins dragging SOL into the drama? 💅
Oh, honey, YES. 🍿 Memecoins are basically 41% of Solana’s on-chain party, and they’re not even bringing the good snacks. 🥨
What’s SOL’s November horoscope looking like? 🔮
Apparently, there’s an 11% chance it’ll hit $200 and a 2% chance it’ll moon to $250. Spoiler: the odds are more tragic than a rom-com breakup. 💔
So, Solana [SOL] is chilling above $150 after a 38% nosedive from its Q3 high of $253. 🌊 Meanwhile, if you’re measuring from its all-time high of $295, it’s down 47%. Ouch. That’s more painful than a bad Tinder date. 😬
According to Flood (yes, that’s his name), SOL’s current vibe is “very difficult to own.” 🥴 He’s like, “The memecoin thesis is being BTFO in real time. Internet Capital Markets? Fake as a reality show plot.” 🍿
“Feels very difficult to own Solana. The memecoin thesis is being BTFO in real time. Internet Capital Markets are completely fake.” – Flood, probably while sipping a latte ☕
Solana’s Meme Addiction 🍬💊
Remember when SOL hit $295 in early 2025? That was all thanks to the Official Trump [TRUMP] memecoin. 🦅 Yes, the same memecoin supercycle that dominated the 2023-2024 narrative. Peak chaos. 🌪️
So, AMBCrypto did some digging (aka stalking) and found that memecoins still rule 41% of Solana’s App Revenue. 🤑 In other words, SOL’s glow-up is still powered by memes, not actual utility. 🤡
But here’s the tea: the memecoin hype is fading faster than a TikTok trend. 📉 Flood’s hot take? SOL’s weakness is tied to this meme meltdown. 🍿
On the bright side, Solana’s killing it in tokenized stocks. 🎉 But let’s be real, it’s not moving the needle for SOL. Yet. ⏳
Alameda’s Unlock Drama 🎭💸
Oh, and let’s not forget Alameda Research dumping 193K SOL (worth $30 million) to repay FTX victims. 😱 That’s 4x more selling pressure than institutional inflows can handle. On November 11th, institutions only brought $8 million to the party. 🎉
Sure, SOL saw $118 million in inflows last week, but the market’s mood is as gloomy as a British winter. ☔
Options traders are giving SOL a 11% chance to hit $200 and a 2% chance to reach $250 by November’s end. Basically, they’re more pessimistic than a cat on a rainy day. 😾
So, will SOL bounce back? Or is it stuck in meme purgatory? Only time (and Flood’s next latte) will tell. ☕✨
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2025-11-12 19:41