Memecoin trading on Solana’s decentralized exchanges has spiked back to 29% of total spot volume, the largest share since August 2025. This sudden upswing stems largely from a frenzy around ANSEM, a memecoin that has rallied explosively after its launch on Pump.fun in late June.
ANSEM itself surged nearly 18,000% within just three days, fueled by a unique community-driven model rather than any underlying product or roadmap. An influential Solana trader known as Ansem received airdropped tokens and decided to promote the coin by redistributing his creator fees through weekly airdrops to holders. This promise of rewards sparked a wave of speculative trading that revived interest in memecoins after months of dormancy.
Meanwhile, Pump.fun now handles roughly $614 million per day out of Solana’s $1.65 billion daily spot DEX volume, underscoring how much of the network’s activity revolves around memecoins. Despite the surge, memecoins remain second to SOL-stablecoin pairs, which accounted for 37% of volume last week. Stablecoin-to-stablecoin swaps followed with 22%, while foreign tokens, project tokens, and tokenized assets split the remainder.
The memecoin resurgence has brought fresh eyes and liquidity to Solana amidst broader crypto volatility. Stablecoin supply on the network recently crossed $15 billion, and real-world assets tokenized on Solana reached 2,582, both rising even during downturns. This suggests that alongside meme-driven speculation, the ecosystem is expanding in depth.
This article is for informational purposes and does not constitute financial advice.
