$SHIB just entered Solanaโฆ right when the memecoin market is heating up. ๐๐ฅ
#ShibaInu is now live on Solana, giving SHIB access to a much larger DeFi ecosystem and deeper liquidity. And the timing is interesting: Solana processed roughly $190B in DEX volume during Q3, while Pump.fun remains a major driver of memecoin activity.
But thereโs a problem traders canโt ignoreโฆ
More than 88T SHIB were sitting on exchanges, with net inflows above 288B SHIB. That means plenty of supply could still hit the market.
So the real battle is simple: can new Solana demand absorb that selling pressure?
SHIB is consolidating around $0.000005 after gaining more than 37% in Q3. If demand strengthens and this level holds, the next phase of the memecoin cycle could give SHIB another push higher.
But if exchange supply keeps rising, the Solana narrative may not be enough.
Q4 is just getting startedโฆ
Could SHIBโs Solana expansion be the catalyst that ignites the next memecoin cycle? ๐