Solana is taking a hit as user activity drops nearly 40%, with memecoin rug pulls leaving investors high and dry
Memecoins have been a wild ride, but for Solana, they’re starting to cause real damage. Scammers launch hyped-up tokens, pump the price, then disappear with investor funds—leaving buyers empty-handed. As a result, trust in the Solana ecosystem is wearing thin.
According to recent data, Solana’s daily active addresses have plunged by nearly 40% in just a few weeks. This steep decline suggests that traders are packing their bags and looking for safer ground.
With trust in Solana shaken, many investors are taking their money elsewhere. Ethereum and Arbitrum have seen increased activity as traders seek more secure and established platforms. Unlike Solana, these networks have a more mature DeFi landscape and stronger security measures against bad actors.
Ethereum, the longtime king of smart contracts, continues to attract users who prefer its stability. Meanwhile, Arbitrum, a leading layer-2 solution, offers lower fees and faster transactions, making it an attractive alternative.
Solana has announced that Figure Markets will soon launch a new yield-generating stablecoin on its network. This stablecoin will offer users the ability to earn yield with no lockups, meaning they can access and use their funds 24/7 without restrictions.
Secured fully on-chain, it aims to provide a safer and more transparent alternative for those looking to earn passive income while maintaining full control of their assets.
The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted risk tolerance levels of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses you may incur due to any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd.
Bitcoin ETFs attracted $986.9 million in the week ending September 4, while Ethereum, Solana, XRP and Hyperliquid ETF inflows plunged after a strong late August run.
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Liquid Network halted transactions after roughly 4,000 BTC worth $320 million was withdrawn from its federation wallet by purported white-hat hackers.
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XRP is trading near $1.38 after its August rally, with bulls defending $1.35 support while facing resistance at $1.43 and $1.55.
XRP🚨 LATEST: Solana user activity drops nearly 40% as memecoin rug pulls erode trust, driving capital outflows to Ethereum and Arbitrum.
yield generating stablecoin on Solana soon. no lockups, use 24/7 and secured on onchain. internet capital markets
$YLDS to Solana next ✅ Let's cook 😉
