Solana Memecoin Volume Surges While SOL Price Stagnates
Solana (SOL)
Cryptobriefing.com reports that weekly spot DEX volume on Solana hit a seven-month high of $5.2 billion in mid-August. This surge follows a dip to $1.8 billion in late May, marking a nearly threefold increase in under three months. Memecoins accounted for 29% of total spot DEX volume, peaking at 42% on certain days. The activity was driven by viral tokens like ANSEM and platforms such as Pump.fun and PumpSwap. Despite this intense trading activity, SOL's price remained stable around $96. This divergence suggests the volume is driven by speculative rotation within the memecoin layer rather than new capital entering the ecosystem.
What Whalio's data showed
Binance spot order flow for SOL, measured when this story was published on 26 August 2026.
Whalio data shows a 24-hour spot volume of $496 million with a positive Volume Delta of $38 million. The 1-hour buy ratio stands at 62.5%, indicating strong short-term buying pressure compared to the 54.3% at 4 hours and 53.8% at 24 hours. A positive 1-hour Volume Delta of $2.76 million reinforces this immediate bullish sentiment. The cumulative volume delta for the 24-hour period is $28.88 million, confirming net buying over the day. Buying pressure appears to be building in the shorter intervals relative to the broader daily trend. The elevated 1-hour buy ratio suggests traders are actively accumulating in the immediate term.