Solana Meme coins have started the month, growing with double digits, as crypto investors bought a dip.
The total market cap of all Solana (SOL) coins tracked by coingecko increased by more than 4.5% to more than $ 9.04 billion.
The official Trump (Trump) increased by 18.1%, while Dogwifat (WIF), Pudi Penguin (Pengu), AI16Z (AI16Z), Fartcoin (Fartcoin), and peanuts the squarel (PNUT) jumped over 15% in the last 24 hours.
All these tokens are far below their all -time high levels, while the market cap of all Solana Mem coins $ 25 billion is much lower than all -time high.
These tokens were rebounded as crypto and stock market after this week’s accident. Bitcoin has exceeded $ 85,000, while the atherium has gone above $ 2,215.
In the last 24 hours, other large-cap coins increased by more than 5%. Solana herself jumped up to about 10%.
Other risky assets also rebounded as investors bought a dip. Other blue-chip indicators such as S&P 500, Nasdaq 100 and Russell 2000 also increased by more than 1%in the Dow Jones index.
A potential catalyst for ongoing Solana Meme coins and stock rally is an increasing optimism that the Federal Reserve will reduce interest rates before expectation.
Weak economic data from the US and a series of upcoming tariffs on US imports increased the possibility of cutting rate.
Solana Meme coins face further important risks
Nevertheless, these Solana Meme coins have three risks. First, there is a risk that the rebound can be a dead cat boom, or DCB – a situation where a falling property bounces back because some investors buy a dip and then resume the downtrend.
Second, most whales and profit leaders have sold coins of their Solana Meme. For example, as shown below, the top 15 most profitable dogwifat investors have sold 100% of their holdings. The same happened between most tokens, which enhances concerns about scams drawing in the Solana ecosystem.
Third, there is a risk that the fearful landscapes in the market can affect these tokens. Crypto fear and greed index have crashed to the feer zone of 25.
Similarly, the comprehensive fear and greed index tracked by CNN Money has moved into the extreme area of 18. Risk property like crypto and stock falls behind in the market when investors are frightened.
A major source of fear is that President Donald Trump promised to put tariffs on prominent colleagues like Canada and Mexico. Tariff will lead to high inflation and slow growth in America
