Investors appear to be shifting capital away from speculative Solana-based meme coins towards perceived higher-quality assets, with Ethereum emerging as a beneficiary.
This rotation contributed to Solana meme coins significantly underperforming the broader cryptocurrency market today, registering an average decline of 8.5%.
In contrast, Ethereum saw a notable uptick of 4.7%, a movement attributed to increasing interest from institutional players seeking more established assets.
Leading Solana meme tokens such as Chill House and Fartcoin experienced steeper declines, with losses reaching double-digit percentages.
The divergence is evident in the wider market: while the overall meme coin sector decreased by 4.1%, stable assets and fundamentally stronger cryptocurrencies like Ethereum demonstrated relative resilience and better performance.