A week of unstable flow and contradictory signals have made the Solana memecoin market something less than sunny. Yet despite this recent rough patch, the million-dollar question animating the space is if smart money is starting to spill back into the market.
The current trend isn’t quite matching the enthusiasm of buying seen shortly after the SEC announced its suit against Binance, when the market made a sudden spike up. But the past week has seen various signals hoisted back up into the bullish camp.
On-chain data indicates that net buys are rising along with volume. This is the data we have going into June 10, and it gives us an outlook that’s cautiously bullish. If the momentum we now have can continue and gives us a continuation pattern rather than a reversal today, then we will see a short-term rally, and buyer strength will have overpowered selling pressure.
A Look Back: From Heavy Selling to Strategic Buying
The present configuration mirrors a week of erratic movement in the Solana-based meme coin market. On June 3, large transaction wallets and those associated with institutional-style activity revealed a marked shift toward memecoins. Over half a million dollars in inflows across various memecoins was recorded on that day. This new demand sparked a price surge in the Solana-based memecoin market. The Solana-based memecoins that experienced this new demand and consequential price uptick included: 1. SMILE. 2. BONE. 3. PUP. 4. OTHER (not specified).
In typical crypto style, though, sentiment turned quickly. Just two days after the downturn, on June 5, we saw the biggest single-day buying volume spike for the week, with smart money adding over $4.5 million in buys across several different kinds of Solana memecoins. This fresh accumulation stabilized prices in those assets and was a clear sign that some experienced traders were once again seeking out risk.
Solana Memecoin Market Forecast – Today’s Outlook (June 10)
On June 3, we saw heavy selling ($5.5M), but right after that, the big wallets flipped bullish, especially on June 5 with over $4.5M in buys, the highest buying spike in the week.
After that, momentum cooled off a bit,… pic.twitter.com/LwDeMidKXq
— Stalkchain (@StalkHQ) June 10, 2025
After that burst, the market went into a brief period of consolidation, and momentum cooled. Flows became mixed, and the market’s bullish bias got a little less bullish. But as of today, there are signs that the tide might be turning once again in favor of the buyers.
Today’s Shift: Volume Climbing, Buyers Gaining Control
The crucial data point as we approach June 10 is that net buying volume is once again exceeding selling pressure. Total volume is also steadily increasing. Although it is not quite as strong as the move on June 5, this uptick is strong enough to get our attention.
It looks like the smart money is once again starting to test the waters, possibly positioning itself ahead of what could be a breakout or short-term rally.
Increasing interest across various Solana memecoins is clearly seen in the volume profiles. Not only are more people transacting with these coins, but the size of the transactions is also increasing—especially among those with larger wallets. This is a classic smart-money move, and given how frequently it has led to subsequent price increases in the past, it could very well do so again in the near future.
Chart-watching traders are probably paying attention to today’s volume highs as an important level. If the price can break above that level in a decisive manner, especially with buy-side dominance continuing after that breakout, we could see a new surge in prices across the memecoin sector.
While the current setup is still in development, the market, as of now, has not served up the type of aggressive conviction seen on June 5. If buy-side momentum weakens from here, look for another round of chop—and a possible downside resolution.
Trading Outlook: Cautious Optimism With Conditions
The present Solana memecoin setup provides a cautious reason to be optimistic for active traders. If buying pressure continues to outperform selling, and if volume continues to expand throughout the day, signals to enter the short term could materialize into something more favorable. This is especially true for those targeting very short-term moves, as Solana’s price seems to be on a path of least resistance toward the upside.
In fact, the path of least resistance for Solana seems to set it on a clear bullish trajectory, with dips providing entry points for those anticipating a fairly sudden blitz toward new highs.
Even so, confirmation is important. The danger of a fake-out or failed rally stays high without a persistent increase in buyer control and a decisive move above the nearby volume ceilings. The not-so-distant memory of heavy selling on June 3, accompanied by the following rapid-fire volatility, reminds us how fast sentiment can turn in these high-risk, microcap assets.
To sum up, the market outlook for June 10 appears to be bullish, backed by the inflow of smart money and a rise in volume. Still, this isn’t a complete green light. Traders should continue to be light on their feet, watch for confirmation, and be prepared to pivot depending on how the day goes.
As ever in the memecoin space, timing is everything. And today could be one of those instances where the early signals count the most.
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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