In brief
- The meme coin trenches have seen a drop in trading volume with the rise of perpetual futures decentralized exchanges, such as Aster.
- Data shows grass roots meme coins hitting a six-month low, while perp DEXs spike in volume.
- However, seasoned veterans aren’t too concerned as they believe that meme coins are “cyclical” and will rebound.
The trenches are taking a hit with the rise of perpetual futures trading.
Solana meme coin launchpads have hit a six-month low for bonding curve trading volumes, dipping below $1 billion. Data expert Adam Tehc says this is because attention is elsewhere, specifically on perp futures, but seasoned meme coin traders aren’t too worried about it.
On Sunday, according to Dune data, Solana meme coin launchpads recorded $89.7 million in
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Author: Ryan Gladwin
