Solana (SOL) Memecoin Frenzy: Route 2 FI Says Just 0.25% of Traders Cleared $500 in 60 Days

Solana Memecoin Cycle Revives

The memecoin cycle has roared back to life, and the distance from the bear-market trough is easiest to measure in mood: risk appetite across the Solana (SOL) network now feels closer to 2024 than to the long winter traders have just endured, with the frenzy spilling onto Robinhood Chain, a layer-2 blockchain that launched only two months ago. Crypto trader Route 2 FI, in a breakdown published on X, argues that today's market is full of money-making opportunities — and that the vast majority of profit screenshots flooding social feeds are not real. Trading memecoins, he writes, is the most volatile activity in crypto: an account can be up 100x in the morning and draw down 99% by nightfall.

The scale of this cycle is measurable. Pons, the main token launchpad on Robinhood Chain where users issue and trade brand-new tokens, has entered the top ten of crypto revenue rankings, trailing only leading launchpad Pump.fun. As platform revenue surged, the Pons token built a self-reinforcing loop and its market capitalization broke through the $900 million mark, handing early holders outsized gains and turning the asset into a benchmark for the entire ecosystem. Cashcat, the chain's first breakout memecoin, opened the door; Pons then lowered the barrier for ordinary users to launch tokens of their own. A batch of spectacular gainers has followed, drawing back veterans who had earlier written the industry off.

Yet the same session that produced the rally produced its cautionary figure: over the past 60 days, only 0.25% of memecoin traders recorded profits above $500. Thin liquidity pool depth behind these tokens means unrealized gains rarely convert into realized cash, and retail entrants who arrive late typically buy from insiders, sniper bots and early buyers already sitting on cheap chips.

Fomo App and Copy-Trading Traps

The copy-trading wave has become this cycle's main on-ramp. Fomo App, which strips away gas-fee handling and token approvals so a memecoin purchase takes one tap and supports direct card payments, has surpassed 500,000 users and now ranks inside the top ten crypto apps by revenue. Its real innovation, in Route 2 FI's telling, is that it broke open a closed circle: profits in past memecoin runs accrued mostly to private groups, while the app now lets anyone follow profitable traders, inspect the logic behind each position and copy it with one click. The trap sits one screen deeper. His own first attempt — mass-following roughly 20 top accounts — buried him in trade notifications and impulsive buys. His fix: choose at most five to seven quality accounts, judge them on 30-day and all-time leaderboards rather than seven-day spikes, and weigh realized profit over paper gains.

Entry timing remains the core disadvantage. By the time a position shows up on a leaderboard, insiders, snipers and early buyers already hold the cheap supply, and late followers inherit exit liquidity — the same structural exposure that turns a hot launch into a rug pull loss for whoever arrives last. Pump.fun, for its part, splits its leaderboard into total, realized and unrealized earnings precisely because the three diverge, and its Callout recommendation rewards skew accessible: 87% of rewarded users have fewer than 250 followers, though he warns against farming the program, which carries strict anti-abuse terms. Tools, he concludes, matter less than temperament — top trader Smartestmoney, who earns millions a year, has never used TradingView. For readers weighing direct exposure to the asset itself rather than the memecoin periphery, our guide on how to buy Solana (SOL) walks through the steps, and our Solana coverage tracks the DEX layer — where Raydium's Solana DEX revenue recently hit $440K — that memecoin volume feeds. Readers tracking the market in real time can follow live spot and futures prices on Gate.

$105.28 Resistance in Focus

COINOTAG's proprietary 42-indicator composite S/R scoring engine frames the setup: Solana trades at $104.53, up 1.20% in 24 hours, with the $105.28 resistance rated 78/100 on Fibo 0.114, R1 and a MACD cross, and the $103.31 support at 72/100 from Ichimoku Tenkan, a resistance-to-support flip and a bullish engulfing print. RSI at 63.27 and the uptrend lean bullish, but the MACD signal is bearish, funding sits at -0.0009% against 70.5% long accounts (ratio 2.39), open interest holds at $2.04 billion and Fear & Greed reads 66 — Greed. A close above $105.28 opens $124.33 (46/100), en route to ChatGPT's $165 Solana prediction; losing $103.31 exposes the $98.75 shelf (70/100). The live distance to respect is the $0.75 between spot and resistance.