Solana Memecoin Crash: Market Value Drops While Insiders Cash In

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: Nov 29 2025

SOL-3.492%

MEME-2.269%

Should l Buy SOL?

Market Collapse: The Solana memecoin market experienced a significant $15 billion loss, primarily affecting retail investors due to insider trading and liquidity withdrawals, leading to a sharp decline in investor confidence.
Revenue Decline: Solana's network revenue plummeted nearly 99%, raising concerns about market stability and the viability of speculative tokens, as community sentiment shifted towards skepticism regarding meme coins.
Regulatory Implications: The collapse of Solana's meme coin market reflects historical speculative bubbles in cryptocurrency, prompting discussions about potential regulatory measures to address the volatility and risks associated with meme-based investments.
Developer Engagement: Post-crash, GitHub activity for many meme coin projects has decreased, indicating a drop in developer engagement, while community sentiment on social media reveals frustration among retail holders over their losses.

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Technical Analysis for SOL

Technical Sentiment Analysis for Solana (SOL). As of , Solana (SOL) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 8 technical signals, shows that 4 indicators are flashing buy, while 4 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for SOL stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.

Support, Resistance & Moving Averages. From a structural perspective, SOL is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.

Solana (SOL) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	59.228	67.964	75.998	84.734	92.768	101.504	109.538
Fibonacci	67.964	74.37	78.328	84.734	91.14	95.098	101.504

About SOL

Solana is a highly functional open source project that banks on blockchain technology’s permissionless nature to provide decentralized finance (DeFi) solutions. While the idea and initial work on the project began in 2017, Solana was officially launched in March 2020 by the Solana Foundation with headquarters in Geneva, Switzerland.To learn more about this project, check out our deep dive of Solana.The Solana protocol is designed to facilitate decentralized app (DApp) creation. It aims to improve scalability by introducing a proof-of-history (PoH) consensus combined with the underlying proof-of-stake (PoS) consensus of the blockchain.Because of the innovative hybrid consensus model, Solana enjoys interest from small-time traders and institutional traders alike. A significant focus for the Solana Foundation is to make decentralized finance accessible on a larger scale.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

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