In recent days, Solana's largest meme launcher Pump fun has seen its revenue drop by about 33%, which is similar to the price trends of most meme coins. As hot money retreats, both the platform and assets have experienced a correction.

Recently, discussions in the market have shifted from memes back to Ethereum-based altcoins, as well as Base and BNB chains. If this trend continues, we will soon see a definitive rotation in the market.