The meme coin season seems to be staging a comeback as some Solana-based meme tokens show notable increases in value.
After a few weeks of the meme coin segment exhibiting mostly sideways price action, interest in meme coin-driven assets seems to be back, with the segment surging on May 10. Solana-based meme assets have now caught up to the sector-wide price increases that many major cryptocurrencies had seen over the last couple of weeks.
The market for Solana-based memecoins remains one of the most rapidly moving and exciting spaces in crypto, with the price of tokens often rising or falling based on nothing more or less than sentiment, trading patterns, and the kind of collective hype that can make or break a decent pump.
But of course, there is always that question in a bull market: is this the big one, or just a series of smaller pumps before the next big cooldown?
Strong Daily Gains Across the Memecoin Sector
Several meme tokens performed strongly on May 10. The best performer was $PNUT, which gained 20% during the day, catapulting its market cap to $336 million. Why did this happen? Well, in the preceding weeks, $PNUT has enjoyed a burgeoning level of social media attention and community activity, both of which appear to have been propelling its price higher.
House was among the biggest movers of the day, surging 56% to a $73 million market cap. Similarly, GOAT jumped 48% to a $140 million valuation. Other smaller-cap tokens that are working hard to build dedicated followings mirrored these large cap gains.
While remaining a fixture in memecoin discussions, $Gork has gauged enthusiasm for similar tokens and risen 38% to a market cap of $38 million. Another emerging contender, $Hosico, which last week was about as well known as $Gork was a few weeks ago, posted a 62% gain, bringing its market cap to $48 million. Speculative excitement around these tokens appears quite real; why else would their market caps be rising so sharply?
Other significant gainers included $WIF, which rose 18% to a $870 million market cap, $ARC rising 14% to $86 million, and $UFD, climbing 16% to a $38 million valuation. Overall, today’s performance across the memecoin landscape was broadly positive, and it’s likely that both new and seasoned traders took notice.
The memecoin season is back, with multiple major meme projects surging today! 🚀
🔹 $PNUT +20%, Market cap: $336M
🔹 $House +56%, Market cap: $73M
🔹 $GOAT +48%, Market cap: $140M
🔹 $Gork +38%, Market cap: $38M
🔹 $Hosico +62%, Market cap: $48M
🔹 $WIF +18%, Market cap:…
— Followin (@followin_io) May 10, 2025
Smart Money Activity Suggests Profit-Taking
Although the market appeared robust, smart money data reveals a different story under the surface. Profit-taking was visible on May 10, and indeed it had started the day before. Smart wallets were net sellers on May 10, to the tune of some $3.3 million in sales versus just $1.4 million in purchases. That amounts to a net outflow of about $1.6 million — a pretty clear indicator, if you ask me, that traders who had been accumulating positions earlier are now evening things up and/or offloading some of their positions.
Solana Memecoin Market Forecast – Today’s Outlook (May 10)
Smart money are taking profit today(ATM). With just $1.4M in buys and $3.3M in sells, the net flow sits at
(–$1.6M)This follows a big day yesterday (May 9), where smart money bought $8.3M and sold $7M, ending with a… pic.twitter.com/ObRsy3us6u
— Stalkchain (@StalkHQ) May 10, 2025
Smart money was clearly at work on May 9, investing heavily in the crypto space, with inflows into the tokens most likely to benefit from a change in market conditions. We saw exactly the kind of waves that smart money tries to create—first with pumps in the prices of certain tokens, which then ripple across the rest of the market, and second with price pushes strong enough to get certain tokens entering the “overbought” territory.
At present, profits are being realized; and it’s obvious that lots of seasoned traders have chosen to leave the party rather than go for more gains — an exit strategy that’s also known as one of the “turning tail” tendencies of a bull market.
Outlook Remains Fluid as Market Watches for Next Move
The markets for memecoins are notoriously difficult to predict, and the sentiment around them can change in just a few hours. While data currently suggest that smart money participants are cooling off, renewed retail interest or the emergence of a new narrative could just as quickly reverse the tide.
Stalkchain and other such platforms are extremely important for keeping a close watch on these sorts of happenings in real time. Should purchase impulses start to grow again — especially if big accounts or well-coordinated community efforts get in on the act — that could easily send prices shooting up again.
At present, the memecoin market finds itself back in motion, with new money, fresh enthusiasm, and good old speculation dominating the day. Whether this will lead to a prolonged market phase or simply a short-lived pump remains to be seen. Traders should certainly be on alert, monitor flows, and be ready for fast-moving developments in one of crypto’s most unpredictable subsegments.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
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