Analytics
Rise of Memecoins in May
👀Week 20 On-Chain Highlights: Institutions grabbed ETH and JST, Solana meme coins roared back, and one trader turned 80 SOL into $1M+.
⚡TL;DR
- Major token flows highlight capital rotation across MOVE, SEI, AVAX, ETH, JST, TRUMP, and USDT.
- Solana meme coins MOODENG, CHILLGUY, and GOAT bounce back up to 12× from April lows.
- One trader turned 80 SOL into $1M+ via LAUNCHCOIN — a staggering 7,268% return.
Capital Rotations Signal Strategic Shifts
This week’s on-chain activity revealed a pattern of high-volume reallocations and accumulation plays, signaling growing confidence in select ecosystems and preparations for profit-taking or reinvestment cycles.
World Liberty Financial deposited ~$4.5M worth of MOVE, SEI, and AVAX tokens into Falcon Finance. This multi-token deposit suggests a strategic push into Falcon’s liquidity platform, likely to farm yield or support protocol growth.
TRUMP Token Team moved 3.5M TRUMP (≈$54.5M) to centralized exchanges including Binance, OKX, and Bybit. These large-scale exchange transfers often precede token sales or distributions — hinting at possible fundraising, treasury rebalancing, or a sell-off.
DWF Labs, known for backing early-stage projects, picked up 25.9M JST (~$1M) on Binance’s secondary market. This continued accumulation points to a long-term bet on the Just Network and may position DWF as a key liquidity provider.
Abraxas Capital made one of the largest grabs of the week: 185,000 ETH (≈$461M) withdrawn from Binance. The sheer size of the buy underscores strong ETH conviction, possibly tied to upcoming Ethereum developments or institutional accumulation.
Tether Ltd. minted $2B in new USDT, providing fresh dry powder to crypto markets. New Tether issuance is often a leading indicator of renewed buying power — a bullish signal suggesting trading activity and liquidity demand are heating up.
Pump.fun moved 132,000 SOL (~$22.9M) to Kraken. After SOL’s rebound, this could mark the beginning of profit-taking or strategic reallocation by this major holder.
Solana Meme Coins Bounce Back Strong
After a brutal April drawdown, Solana’s meme coin ecosystem made an aggressive comeback in Week 19 — delivering some of the largest weekly rebounds across all of crypto.
MOODENG surged an astonishing +1245% from its April low — turning early buyers into 13× gainers and earning the week’s top performance among SOL memes.
CHILLGUY rebounded +473%, reclaiming its footing as speculative flows returned to the Solana meme scene.
GOAT rose +465%, nearly a 5× bounce from local lows, as retail attention rotated back into high-risk/high-reward assets.
These rebounds emphasize the thin liquidity and cyclical hype dynamics of Solana’s meme market — where tokens can crash and 10× within weeks. For traders, it’s a reminder that timing and risk management are everything.
Trader Turns 80 SOL into $1M+ via LAUNCHCOIN
One of the most impressive gains of the week came from a meme coin trader who flipped a modest 80 SOL investment into a 7,268% return.
In mid-April, wallet DNfuF1L62WWyW3pNakVkyGGFzVVhj4Yr52jSmdTyeBHm bought 13.6M LAUNCHCOIN while it was still flying under the radar.
By Week 19, the position had grown to over $1 million, with the trader already realizing $400K+ in profits and still holding 3.9M tokens for further upside.
The same wallet has recorded $13M+ in lifetime trading profits, largely from meme coins — showcasing expert-level timing and exit discipline.
While these outsized gains make headlines, it’s worth remembering the high-stakes nature of this space. Many traders never see returns like this — reinforcing the importance of strategy, speed, and sometimes a bit of luck.
Trade Any Memes on Solana: Drops Bot