Solana value could benefit from renewed speculation on memecoins, according to Syncracy Capital founder Ryan Watkins.
Ryan Watkins, co-founder of crypto VC firm Syncracy Capital and former Messari researcher, claimed that Solana’s memecoin moat could boost its rally, citing a recent craze around the AI-spawned GOAT token. He
“I don’t really care whether memecoins are neo-religions or if AI agents are really launching on-chain cults, all I know is all roads lead back to $SOL.”To support his claim, the executive noted that the chain was the hotbed ‘for all speculative experiments this cycle,’ which wasThe DEX recently hit an all-time high market share amid this week’s renewed meme coin craze.
“Worth noting too that Raydium, the leading DEX where memecoins on Solana trade reached new highs in market share this week, too.”Santiment’s data supported the above projections, as SOL’s sentiment was relatively positive last week.At press time, SOL hovered around $160, which happened to be a mid-range level and bearish order block .
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