Meme trading platforms have seen a insane >98% drop in volume since TRUMP Day. The five mainstream platforms (Photon, BullX, GMGN, Moonshot, Vector) on Solana are now pulling less than $30M daily combined.

As memecoin hype cools and competition grows, the market is shifting from growth to a battle for existing shares. Top platforms are utilizing their brand strengths for multi-chain expansion while new entrants try to attract users with new features, higher rebates, and lower fees.
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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