Over the past week, the memecoin market in Solana has captured the attention of serious investors and analysts.
This is because, within recent trading patterns, there has emerged a very dynamic back-and-forth between buyers and sellers: a market that some are even calling the “memecoin bull”. And this “bull” has captured the attention of investors because of possible involvement from the kind of investors who often set trends in the market: smart money. It’s also a good opportunity to watch for signs of a possible correction in Solana’s memecoin market.
Heavy Selling Pressure Early Last Week
Between May 21 and May 23, the market for Solana-based memecoins experienced heavy downward pressure, mainly from smart-money investors who were selling off large positions. On May 23 alone, it looks like over $5 million worth of those digital assets were sold by presumably well-connected market participants. That surge in selling, of course, didn’t help push prices higher, and, in fact, pushed them lower to the extent that it raised some eyebrows among retail traders and investors. And you know how much I love raising eyebrows.
This sell-off was so extensive that it seemed to a lot of us, myself included, to be an instance of smart money dispassionately liquidating a risky position. After all, the memecoin market had suffered from far too much speculation and not nearly enough of the redemption one ought to expect from a sector of the altcoin market.
A Shift Toward Buying and Market Stabilization
Yet, the picture started to shift from May 24. After what seemed like a non-stop descent into meme coin hell, the smart money was starting to return to the market. Between May 25 and May 27, volumes of buying memecoins were rising while volumes of selling them were falling; it was almost as if the market had suddenly found its appetite for large-lot memecoin trades again.
Solana Memecoin Market Forecast – Today’s Outlook (May 28)
Over the last week, we’ve seen some interesting activity in the memecoin market from smart money.
From May 21 to May 23, selling was much heavier than buying, with smart money dumping over $5M in memecoins on May 23… pic.twitter.com/0fdqPKsbTO
— Stalkchain (@StalkHQ) May 28, 2025
This shift indicates that astute traders recognized value opportunities after the downturn, perhaps expecting a bounce back, or at the very least, a stabilization in prices. The reemergence of buying interest from institutional investors often serves as a precursor—their actions hinting at what might be in store for the average retail investor. Spotting this institutional buying can also help analysts gauge the next likely direction for the market.
The continuous but steady rise in purchase activity stands in contrast to the reduced selling activity and seems to pump new optimism into the memecoin sector. Followers of these relatively recent trends who are trying to divine future price action might interpret this pair of developments as a signal that the present going-down-in-value situation is coming to an end.
Today’s Market: A Delicate Balance at a Decision Point
The market is at a critical juncture as of May 28. Recent data shows us that the volumes of buying and selling are nearly even, with buying just a smidgen ahead. This balance indicates that the smart money is currently in a state of indecision—neither aggressively accumulating nor offloading memecoin positions. The smart money seems to be waiting for more obvious signals before it makes a significant move.
There are several ways to interpret this balance. A surge in purchasing volume right now could indicate that confidence in Solana memecoins has been reestablished and that we’re on the verge of the next upward swing. If that’s the case, it could attract even more buyers, because when one laughs and buys, that’s two things you need to get upward price momentum.
Conversely, if the selling volume begins to rise again, this rising volume could suggest that the smart money is starting to take profits from recent gains or is becoming more cautious about further gains. This increased selling volume could also lead to the risk of another consolidation phase or price downturn, as sellers could start to drive the price down.
This moment demands that traders and investors pay close attention to market signals and trading volumes. The next moves by smart money will most likely set the tone for the near-term trajectory of the memecoin market.
Conclusion
The Solana memecoin market faced a stormy week of intense selling, but now it seems there’s a nascent return to buying from informed investors. Smart money had already begun cautiously re-entering the market on May 24, and since then, there’s been a steady uptick in buying across Solana memecoins, according to data from the blockchain analytics platform Solanalysis.
Today’s nearly balanced buy-sell volume underscores a crucial decision point where the market’s next move isn’t clear. A surge in buying could trigger a new rally, while fresh selling might hint at profit-taking or diminished confidence.
While the market is going through this delicate phase, it would be wise for the participants to keep a close eye on some key indicators. Those are shifts in volume and price momentum. When the smart money makes its moves, those moves will be a key signal to watch for. Will Solana memecoins regain upward momentum as a Solana price pump happens, or will making and holding Solana memecoins be a continued struggle?
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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