Whale trading volumes for Solana-based memecoins have dropped to their lowest levels since February 2024, signaling a potential shift in the market’s momentum. After months of explosive growth and hype surrounding these tokens, Solana’s memecoin frenzy is experiencing a slowdown. This decrease in large holder activity suggests that major investors are taking a step back, possibly waiting for more favorable entry points or clearer market signals. Lower whale activity typically precedes quieter periods in price action, especially for volatile assets like memecoins. 2024’s cooling trend could be an opportunity for the most promising Solana-based projects to stand out and attract new capital when sentiment shifts.