A memecoin market flippening could be underway

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They say you shouldn’t judge a book by its cover.

But you should totally judge a chain by its memes. And Solana memecoins are collectively at an all-time high.

There are 57 memecoins with at least a $75 million market cap on CoinGecko. Sixteen of those are native to Solana, 18 are on Ethereum, and the remaining 40% are scattered across chains like Base, Bitcoin, Avalanche and Binance Chain.

It turns out that this particular selection of Solana memecoins have never been valued higher: $9.84 billion on Wednesday and slightly below that today.

Ethereum memes are otherwise sitting at…

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