YEREVAN (CoinChapter.com) — Charles Hoskinson referred to as out the Solana memecoin ecosystem in a blunt interview with Scott Melker, warning that 99% of tokens on the chain will collapse. He stated most Solana tokens observe pump-and-dump buildings and enrich solely insiders.
“They have to become sustainable quickly or otherwise people stop paying attention and they die out,”
Hoskinson stated.
He argued that memecoins recycle capital as a substitute of bringing new cash to crypto. The Cardano founder stated the system advantages creators over customers.
“You’re moving water from one side of the bathtub to the other… the drain is open — it goes into the founder’s pocket.”
Hoskinson in contrast memecoins to previous hype cycles, together with ICOs and NFTs. He stated they observe the identical sample of short-term hypothesis with no actual growth.
Solana Memecoin Market Cap Dropped 85% in 2025
The mixed worth of the highest 5 Solana memecoins — Official Trump (TRUMP), Bonk (BONK), Fartcoin (FARTCOIN), Dogwifhat (WIF), and Pengu (PENGU) — has dropped by 86.78% from their 2025 peak of $81.83 billion. This decline interprets to a lack of roughly $71.02 billion, bringing the present mixed market cap to round $10.81 billion.
Information from Pump.Enjoyable, Solana’s memecoin launchpad, exhibits a steep decline in exercise. On Jan. 23, Solana recorded 71,738 new memecoins. As of April 1, solely 9,000 tokens have been launched.
Rising risk-off sentiment after Donald Trump’s tariff warfare announcement triggered this decline. Merchants moved away from speculative belongings, accelerating the memecoin crash.
SOL/ADA Chart Confirms Weak spot
The Solana/ADA buying and selling pair exhibits clear bearish strain. On April 1, the pair dropped to 186.48, sliding from its latest peak close to 196. This decline adopted a rejection on the prime, marking the beginning of a constant downward motion.
The Relative Energy Index (RSI) stands at 36.09, nearing the oversold territory. Its downward slope factors to weakening momentum. In the meantime, the price now trades under the 50-period Exponential Transferring Common (EMA), which sits at 189.28, indicating that short-term sellers dominate the market.
On the identical time, quantity has picked up because the price dipped. This means elevated promoting exercise, both from panic exits or merchants getting into quick positions. Because the excessive on March 31, candles have continued to type decrease highs, pushing the market downward step-by-step.
Help at 186 seems fragile. If the price breaks under it, the following potential degree is round 182. The RSI additionally helps this view. It has failed to remain above the 60 mark, confirming that bulls haven’t regained energy. Sellers stay in management, and price motion displays that constantly.
Hoskinson Backs Bitcoin DeFi Over Memecoins
Hoskinson stated Cardano will concentrate on Bitcoin DeFi relatively than chasing memecoin traits. He confirmed Cardano’s plan to combine Hydra, Aiken, and the Bitcoin Lightning Community into its infrastructure. A partnership with Maestro will assist join Bitcoin with Cardano’s UTXO mannequin.
He stated Bitcoin’s upgrades like Taproot have unlocked programmability. Cardano will now let Bitcoin holders use DeFi instruments whereas staying in BTC. He expects full institutional demand for Bitcoin DeFi inside three years.
“It’s still early days, but we are making methodical progress every step of the way,”
he informed Melker.