The meme craze is back: over $15 billion worth of trading volume has flowed into SOL in one week—how long can the “golden dog” rally last?

This week, the SOL ecosystem has been lifted by meme coins. Total trading volume has exceeded $15 billion. Estimated aggregate capital inflows are $1.8–$2.8 billion. Total market capitalization is already approaching its historical high. With “golden dogs” appearing frequently, the wealth-building effect is maximized, and on-chain activity as well as capital turnover have risen significantly.

This meme-driven rally has a few characteristics:

First, capital is rotating from mainstream coins to the SOL ecosystem. BTC and ETH have been moving sideways in a range recently. With existing capital searching for higher-volatility targets, meme coins in the SOL ecosystem have become the place capital is flowing into.

Second, the wealth-building effect reinforces itself. Frequent “golden dog” appearances mean that the profit-making effect is real, attracting even more capital inflows and keeping on-chain data trending higher.

Third, sustainability is in doubt. A meme rally is characterized by arriving fast and leaving just as fast. Once the leading token loses momentum, the chasing crowd will quickly fade out. With SOL’s total market cap near its historical high, it also suggests that the room for further upside is narrowing.

SOL has recently benefited from both ETF inflows and meme hype, so it has indeed been strong in the short term. But the end of a meme rally is usually retail investors buying the top while whales unload. You can chase the “golden dog,” but remember to run fast. $SOL #美国比特币ETF净流入4026枚BTC