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Hey there, crypto enthusiasts! If you’ve been scrolling through X lately, you might have stumbled across a fiery post by degenwolf.base.eth that’s got the community buzzing. Posted on July 12, 2025, at 19:24 UTC, the tweet declares that "$sol is cooked" and hints at a "final extraction" that could spell the end for Solana’s pump days. The post even suggests rotating your investments to Base and ETH to save what you can. Let’s break it down and see what’s really going on!
What’s Behind the “Solana is Cooked” Claim?
The tweet references a breaking news alert from Alpha co about a massive $1 billion move of $SOL from a $PUMP deployer wallet to a Kraken account. This kind of whale movement often raises eyebrows in the crypto world, as it could signal a big player cashing out or repositioning their assets. Degenwolf’s take is dramatic—suggesting this is the "final extraction" and that Solana might not see another pump anytime soon. The French phrase "Les jeux sont faits" (the game is done) adds a flair of finality, urging followers to place no more bets on SOL.
But is it really game over? Solana’s a high-speed blockchain known for its role in meme tokens and DeFi projects, and its price was recently listed at ¥24,075.44 JPY on CoinMarketCap. Big moves like this could just be strategic, especially with companies like Upexi pouring $200 million into a Solana-focused treasury. Still, the uncertainty has sparked a lot of chatter!
Why Rotate to Base and ETH?
Degenwolf’s advice to shift to Base and ETH makes sense if you’re into meme tokens. Base, built by Coinbase, is gaining traction as a layer-2 solution for Ethereum, offering lower fees and faster transactions—perfect for the wild world of meme coins. Meanwhile, Ethereum remains the king of smart contracts and a hub for DeFi and NFTs, making it a safer bet for diversification.
Meme tokens thrive on community hype, and a shift in sentiment could mean new opportunities. If Solana’s pump days are waning, platforms like Base could become the next hot spot. Plus, with Ethereum’s proven stability, it’s a solid fallback for any crypto portfolio.
What This Means for Meme Token Lovers
For those of us at Meme Insider, this is a big moment to watch. Meme tokens often ride the waves of blockchain trends, and Solana has been a powerhouse for projects like $PUMP. If the "extraction" theory holds, we might see a migration of talent and capital to other chains. This could be a chance to get in early on Base-based meme tokens or double down on ETH’s ecosystem.
Keep an eye on transaction data and community sentiment on X. Tools like Solana Stack Exchange suggest tracking token creators can be tricky with platforms like $PUMP, but it’s worth the effort to spot the next big thing.
Final Thoughts
So, is Solana truly cooked? It’s too early to say for sure. The $1 billion move is a head-turner, but crypto markets are volatile—whales move, trends shift, and new opportunities pop up. Whether you’re holding $SOL or eyeing Base and ETH, stay informed and agile. Drop your thoughts in the comments—do you think this is the end for Solana’s meme token era, or just a bump in the road?
Happy trading, and catch you in the next meme coin wave!