Solana is attracting memecoin liquidity after posting a 41% rally in August, one of the best performances among high-cap assets. The ZCAT memecoin surged 500% in 24 hours to reach a $140 million market cap, becoming the second-largest cat-themed memecoin behind Robinhood’s CASHCAT. One trader turned $196 into $396,000 on ZCAT, a 201,900% gain. However, memecoin dominance as a percentage of total altcoin market cap has hit its lowest level since the start of the year, which could limit bullish potential. Solana stands at a crucial inflection point: if memecoin liquidity continues flowing into the ecosystem, it could fuel another speculative wave in Q4, but without spot demand, the road ahead could become riskier.
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