The rise of Ethereum, a new landscape in the meme coin market.
Recently, the market has begun to warm up after gradually digesting multiple bearish factors, and Ethereum has performed particularly well over the past 7 days. This public chain, once questioned by many, has achieved multiple breakthroughs in capital recognition, technological advancement, and ecological prosperity through the Pectra technology upgrade, continuous inflow of ETF funds, and the success of the Virtual initial coin offering model. This has not only driven the coin price to continue rising but also rejuvenated the on-chain meme coin market.
At the same time, the Solana ecosystem is presenting different patterns: although established meme coins and the AI sector are generally rising in the secondary market, the primary market is accelerating its pace, lacking strong narrative support, while the upper market faces continuous selling pressure from releases, and the lower market suffers from capital withdrawal. Currently, only the BONK system continues to output new golden dog projects, but it is difficult to support the entire ecosystem on its own, leading to a significant compression of profit space for ordinary investors.