Ethereum and Solana Divergence: Analysis of Meme Ecosystem Recovery and Evolution
As multiple bearish factors are digested by the market, the crypto market has begun to warm up from the bottom, and undoubtedly, Ethereum has been the standout performer over the past seven days. This blockchain, which was questioned not long ago, has achieved a triple breakthrough in capital recognition, technological upgrades, and the prosperity of its on-chain ecosystem, thanks to the Pectra upgrade, continuous ETF buying, and the success of the Virtual new issuance model, driving the price of the coin to continue rising and also reviving Memecoins on the Ethereum chain.
In contrast, the Solana ecosystem presents a different pattern. Although established secondary Memecoins and AI sector tokens are generally rising, the primary market is becoming increasingly fast-paced, lacking stronger narrative support. The upper market faces continuous selling pressure, while the lower market is affected by ongoing siphoning phenomena. Apart from the Bonk system, it can provide support for the ecosystem.