Layer Brett Could Flip The Total Solana Meme Coin Market Cap As Analysts Call It The Next Shiba Inu

The meme coin scene is heating up again, and many traders are shifting focus away from the saturated Solana meme coin category. Coins like Pengu, BONK, and Fartcoin may have had their moment, but attention is now turning to a new Ethereum Layer 2 meme coin called Layer Brett (LBRETT). Analysts say it has the potential to flip the combined market cap of many Solana-based meme tokens. Some are even calling it the next Shiba Inu.

Solana (SOL) meme coins: Slowing momentum despite ecosystem strength

The Solana ecosystem has been a hub for meme coin launches throughout 2024, producing several viral tokens. Projects like BONK and Pengu captured attention during short-lived hype cycles. Newer entries like Fartcoin tried to stand out with absurd branding. However, trading volumes across most Solana meme coins have dropped significantly, and many are struggling to maintain community engagement.

While Solana itself remains strong, currently trading around $235, the meme coin sector within the network is cooling. Investors are rotating out of older tokens and seeking newer options with more potential. Without innovation or strong roadmaps, many Solana meme tokens could fade from the spotlight in the coming months.

Shiba Inu’s (SHIB) legacy still influences new meme coin trends

Shiba Inu changed the meme coin landscape when it went from a viral token to a full-fledged ecosystem. With the rollout of Shibarium and utility tokens like BONE and LEASH, SHIB gained more use cases and long-term value.

Even now, with a current price of around $0.00001307, Shiba Inu continues to attract investors. However, many feel that the explosive growth phase has passed. This shift has pushed traders to search for meme coins with similar early-stage potential, and that is where Layer Brett is getting serious attention.