But wait—behind the euphoria, many don’t know that there are traps ready to plunge newbie investors into the abyss of losses, as highlighted by Bloomberg.
AINVEST has highlighted that Solana, once praised as the future of a more open financial system, has now turned into a fertile ground for cunning memecoin actors.
The speed of transactions and low fees that were initially advantages are now being used as weapons by those who know how to “play dirty.” How? Starting from rug pulls that make tokens disappear who knows where to sniping techniques with sophisticated bots that give ordinary traders no chance to compete.
Inside the Inner Circle: When Memecoins Become a Rigged Game
What makes this problem even more complicated is the existence of closed groups, or what are commonly called “trading cabals,” who seem to have mastered the game. They have early access to token launches, know exactly when to get in and out, and capitalize on the momentum they create. So if you feel like you’re always late to the party, you probably are.
Imagine going to the market, looking for fresh fruit, only to find that all the good stuff has been snapped up by a secret gang that knows when the vendors open. You’re left with the leftovers, which are of who knows what quality. That’s what it’s like to enter the world of Solana memecoins with no connections or experience.
Rising Numbers, Falling Usage: The Solana Dilemma
At first glance, the numbers on the CoinGecko dashboard can seem tempting. At the time of writing, the market cap of memecoins on the Solana network is $7.69 billion. In the past 24 hours, that number has risen about 3.4%.
Among the most prominent names are Official Trump, ai16z, and MELANIA Meme—tokens that have seen a brief surge in popularity due to their association with public figures.
However, that rise doesn’t always translate into long-term success. On the other hand, CNF reported that Solana transaction fees have plunged to 53,800 SOL, the lowest level since September 2024. Network activity has also dropped drastically.
Validators, who previously earned around $62,000 per day from transaction tips on Jito, are now only earning around $11,300. This means that the enthusiasm that was once soaring is now starting to fade, at least in terms of usage.
Built to Exploit: When the Game Isn’t Meant for You
The problem is, many new investors don’t realize that this system is designed to benefit only a few parties. Tokens are launched with a scheme that allows launchers and their partners to control most of the supply from the start.
When the price starts to rise due to FOMO, they just sell at a high price, leaving retail investors biting their nails. If this happens once or twice, it can be considered unlucky. But if it keeps happening? That’s a pattern.
Furthermore, even though there are many honest projects and sincere communities, it is undeniable that most of the current market movements are driven more by narrative and hype, not fundamentals. In a matter of hours, someone can quickly create a token, give it a catchy name, generate significant hype on social media, and potentially make a fortune.
Fair Game or Feeding Frenzy? Know the Difference
Going into the memecoin world without knowing the terrain is like jumping into a pool full of crocodiles while wearing a meat costume. You might get away with it, but the chances are tiny.
Amid the storm of new tokens and sweet promises, it’s important to remain skeptical and not get carried away by the euphoria. If something sounds too good to be true, it probably is.
That doesn’t mean that all opportunities on Solana should be avoided. Just don’t assume that you’re playing in a fair market. The reality is, most projects are built by people who know the game inside out—and not all of them want you to win.
So before FOMO drags you in any deeper, it’s a good idea to stop for a moment and ask yourself, “Am I investing… or just part of someone else’s plan?”