Many retail investors are still looking forward to the first MEME frenzy in 2026. Simply conducting a Solana ecosystem and on chain analysis, you will find that you cannot directly declare the death of the MEME market. In fact, the rise in on chain data in January was very good, and there was even a slight tendency towards MEME sparks, Therefore, I will bet that there will be at least a few weeks of sustained MEME market in the first half of 2026. The essence of MEME is to quickly tokenize attention, converting it into volatility to generate trading volume, ultimately resulting in transaction fees. In other words, the market only needs to wait for a cryptographic attention turning point. The data on the Solana chain is not ugly, on the contrary, the trend of improvement is becoming increasingly apparent: At present, the transaction volume of MEME's manufacturing machine pump. fun is very stable, with a 30 day DEX transaction volume of $1.785B and a 24-hour transaction volume of $55.64M, and continues to grow. The 24-hour transaction volume of Solana DEX also reached $5.037B, with a 35.3% increase in trading volume this week compared to last week. 2. The majority of MEME's funding comes from stablecoins, as the MEME frenzy requires liquidity that can be quickly transferred and bet, and most long-term funds and blue chip investors will not touch this track. So the larger the scale of stablecoins, the easier it is to trigger the MEME market. In this cycle, the circulating market value of stablecoins on the Solana chain has reached $14.06B, far exceeding the stablecoin reserves during the previous Solana MEME market (between 4-5B). 3. In 2025, pump.fun will adjust its profit sharing mechanism to amplify creator fees and promote the outbreak of live streaming and event coin issuance, but this is only one aspect. Similar to Kaito, pump. fun and MEME are also content monetization tools, and this attention logic is different from verbal airdrops, MEME has a very direct feedback path for the value of content, Content achieves viral spread Increased token trading activity Generate higher transaction fees Attract more people to reproduce this model. As everyone is familiar with the market, the MEME market after 2025 is bound to be even shorter and faster with PVP. With unlimited token supply and extremely fast narrative switching, the duration of a single market trend will be shorter. The advantage is that small market trends will appear more frequently.