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Solana sees 40% decline in user activity as memecoin rug pulls erode trust

Solana memecoin scams and rug pulls are driving capital outflows to Ethereum and Arbitrum as user activity declines, but analysts say it may benefit Solana long-term.

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Older archive item. Useful for background and entity history, but not a fresh market-moving signal.

Solana sees 40% decline in user activity as memecoin rug pulls erode trust

Solana memecoin scams and rug pulls are driving capital outflows to Ethereum and Arbitrum as user activity declines, but analysts say it may benefit Solana long-term.

Why this matters

This altcoin story adds another data point to the current market tape and is useful when read alongside nearby source coverage.

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