Solana’s Pivot from Memecoins to Prediction Markets Signals Maturation of Crypto Ecosystem
Solana's cryptocurrency landscape is undergoing a significant transformation as trading volumes in memecoins plummet and capital shifts toward prediction markets. In November 2025, Solana's memecoin trading volume collapsed to $13.9 billion - the lowest since February 2024 - marking a stark contrast to its January peak of $169.5 billion. This decline coincides with the rapid growth of prediction markets, with platforms like Polymarket and Kalshi now processing $8 billion collectively. These prediction markets now represent 57% of Solana's former memecoin volume, up from less than 10% in August 2024. This transition suggests a maturation of Solana's ecosystem as investors move from speculative meme assets to more utility-driven applications. The shift mirrors broader trends in cryptocurrency markets, where prediction markets are gaining traction as legitimate financial instruments. While memecoins drove Solana's initial 2024 boom, their steady decline since July's $34.4 billion volume indicates changing investor priorities. This evolution positions Solana as a versatile blockchain capable of supporting diverse financial applications beyond viral trends, potentially increasing its long-term value proposition in the competitive blockchain space.
Solana's Crypto Casino Shifts from Memecoins to Prediction Markets
Solana's memecoin trading volume collapsed to $13.9 billion in November - the lowest since February 2024 - as capital migrated toward prediction markets. Polymarket and Kalshi collectively processed $8 billion, now representing 57% of Solana's memecoin volume compared to less than 10% in August.
The memecoin frenzy peaked in January with $169.5 billion volume before beginning its steady decline. July saw $34.4 billion, August $29.2 billion, September $19.7 billion, and October $16.5 billion - culminating in November's 60% drop from summer highs.
This rotation raises fundamental questions: Are prediction markets absorbing crypto's speculative energy as a superior product, or simply becoming the latest vehicle for narrative-driven capital flows? The velocity shift mirrors past crypto cycles where traders rapidly abandon fading trends for new opportunities.
Solana Holding Key Support, Could $160 Be the Next Massive Breakout?
Solana surged 10.28% to $140.42, with trading volume hitting $13.69 billion. The token is testing micro support at $133-$137, while an inverse Head & Shoulders pattern suggests potential upside toward $155-$160.
On-chain data points to accumulation and reset net profits, signaling a possible recovery phase. Solana's market cap now stands at $78.61 billion, with 2.51% market dominance.
Analysts note SOL's movement within a broad descending channel, but momentum appears to be shifting. A clean breakout above the neckline could confirm the bullish trajectory.
Solana Tests Critical Trendline as Traders Eye Rebound Toward $165
Solana's price hovers NEAR $133, retesting a multi-year trendline that has historically catalyzed rallies. The trendline, a technical anchor since early 2023, now serves as a litmus test for bullish conviction. A hold above this level could propel SOL toward $150–$165, while a breakdown risks accelerating losses.
Market structure echoes past inflection points where solana rebounded sharply. The TD Sequential indicator flashes a buy signal, and liquidity pools suggest latent demand. Analysts note that reclaiming mid-range levels would reaffirm bullish momentum, but failure to hold support may trigger algorithmic sell flows.
Broader crypto markets remain choppy, yet Solana’s on-chain activity and derivatives positioning signal divergence. The asset’s ability to outperform during risk-off periods hinges on this technical floor. Traders await confirmation—either a springboard rally or a breakdown that could unravel months of gains.
Trust Wallet Integrates On-Chain Prediction Markets for Political and Sports Betting
Trust Wallet has expanded its crypto service offerings by integrating prediction markets through Myriad. Users can now place bets directly within the wallet interface on political events, sports outcomes, and global news—all without leaving the app or transferring additional funds. The feature operates entirely on-chain, maintaining Trust Wallet's self-custodial ethos.
The integration marks a strategic pivot toward becoming a comprehensive platform for tokenized contracts and speculative markets. Future plans include incorporating Kalshi and Polymarket, which WOULD significantly broaden the range of available prediction categories. This move aligns with the growing convergence of decentralized finance and prediction markets.
