Solana’s Network Activity Crashes to 12-Month Low as Memecoin Mania Fades
Solana's blockchain just hit a grim milestone—user activity plunges to levels not seen since 2024.
The chain that rode the memecoin frenzy to record highs now faces a brutal comedown. Trading volumes dried up faster than a degenerate gambler's liquidity pool.
Where did all the degens go? Probably chasing the next shiny object in crypto's endless cycle of hype and abandonment. Solana's 95% drop in meme token trading confirms what we all knew: most of this was speculative froth.
But here's the twist—real builders might finally get some breathing room. With the meme circus packing up, SOL's infrastructure can focus on sustainable growth. That is, until the next narrative pumps the chain full of artificial demand again.
Funny how these 'Ethereum killers' always seem to need memecoins to stay relevant.
After more than six weeks of political drama, U.S. President Donald TRUMP has finally signed a bill to reopen the government, bringing an end to the longest shutdown in American history. The move came after Congress voted in favor of the funding bill, with the House passing it 222–209 and the Senate approving it 60–40 earlier this week.
This decision means around 800,000 federal workers who missed paychecks will finally get paid. However, the bill does not include funding for some programs, like Affordable Care Act subsidies or SNAP food benefits, which will be discussed later.
Trump blamed Democrats for the shutdown, saying it caused over 20,000 flight cancellations and left “millions of Americans” struggling to access basic services. Still, both parties agreed that reopening the government was necessary to restore normal operations.
Even during the 43-day U.S. government shutdown, the country’s deficit spending continued. The U.S. borrowed over $619 billion in new debt, around $14.4 billion per day highlighting how America’s debt keeps rising despite political gridlocks or halted operations.
President Trump signs bill to OFFICIALLY reopen the government, ending the Democrat Shutdown.
Let's get our country WORKING again.
pic.twitter.com/QJqX90k9sC
Crypto Market Reacts
Soon after Trump signed the bill, the crypto market showed a mild positive reaction. Investors viewed the move as a sign that political uncertainty was easing.
Bitcoin (BTC) bounced back above $102,400, up around 1% in the last 24 hours, with a daily range between $100,836 and $105,297. ethereum (ETH) rose nearly 2% to $3,450, while XRP surged 4% to $2.44 amid higher trading volumes and futures activity.
Overall, the global crypto market cap climbed to $3.45 trillion, signaling renewed trader confidence after weeks of volatility. Analysts noted that more investors are opening options positions, showing mixed expectations but growing market activity.
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What’s Next for Crypto Markets
With the shutdown officially over, experts expect both traditional and crypto markets to regain stability. As government agencies reopen, delayed economic reports and data releases are expected to resume soon.
For the crypto community, this could help reduce uncertainty and support steady momentum. Bitcoin and other major cryptocurrencies may continue to benefit from improved investor confidence.
For now, the mood is lighter both in Washington and across the crypto market — as things gradually return to normal.
Never Miss a Beat in the Crypto World!Stay ahead with breaking news, expert analysis, and real-time updates on the latest trends in Bitcoin, altcoins, DeFi, NFTs, and more.
FAQs
Why did the U.S. government shutdown end after six weeks?President Donald Trump signed a funding bill passed by Congress, reopening the government after 43 days and allowing 800,000 workers to be paid.
What programs were not included in the new funding bill?The bill excludes funding for programs like ACA subsidies and SNAP benefits, which lawmakers plan to address in later negotiations.
How did the shutdown impact the U.S. economy?The 43-day shutdown caused over 20,000 flight cancellations and $619 billion in new debt, exposing America’s ongoing fiscal strain.
How did the crypto market react to the U.S. government reopening?Bitcoin rose above $102,400, Ethereum gained nearly 2%, and XRP jumped 4% as easing political uncertainty boosted investor confidence.
What’s next for the crypto market after the shutdown?With government data releases resuming, crypto markets may stabilize further as improved investor sentiment supports gradual price recovery.
