If you've been keeping an eye on the wild world of memecoins—those fun, often viral cryptocurrencies inspired by internet memes—you might have noticed things cooling off lately. But according to a recent thread on X (formerly Twitter) from crypto analyst Tyler_Did_It, there could be signs that the Solana memecoin market is hitting its bottom and starting to bounce back. Let's break it down in simple terms and see what the data is telling us.

Tyler_Did_It, a well-known voice in crypto news and analysis, shared a thread highlighting key metrics from October 10 onward. He points out increases in tokens deployed, daily "graduates" (that's lingo for memecoins that successfully launch and gain traction), launchpad volumes, active addresses, and especially revenue. The data comes courtesy of @Adam_Tehc, who's likely pulling from analytics platforms like Dune, a popular tool for blockchain data visualization.

First up, let's look at the daily tokens deployed on Solana memecoin launchpads. These launchpads are platforms like Pump.fun, Moonshot, and others where anyone can create and launch a memecoin with relative ease. The chart shows a colorful stacked bar graph tracking deployments across various launchpads over time, from early July to late October. You can see a dip in activity around mid-September, but then a noticeable uptick starting in October.

Pump.fun dominates in orange, but others like Moonshot (purple) and Boonpin (cyan) are making waves too. The overall trend? After a lull, deployments are climbing again, suggesting renewed interest from creators and degens (short for degenerates, a playful term for risk-loving crypto traders).

Tyler also shared charts on daily graduates and launchpad volumes, which follow a similar pattern. Graduates refer to memecoins that move beyond the initial launch phase, perhaps hitting certain liquidity or trading milestones. Volumes mean the total value flowing through these platforms—think of it as the money being pumped into new token launches.

Active addresses are another big one. This metric tracks unique wallet addresses interacting with these memecoins or launchpads on the Solana blockchain. More active addresses usually mean more users buying, selling, or engaging, which is a healthy sign for any crypto ecosystem. Solana, known for its high speed and low fees, has been a hotspot for memecoins because it makes trading quick and cheap compared to slower chains like Ethereum.

But the real kicker is the revenue jump. In a follow-up post, Tyler notes that revenues have doubled since the October 12 low, hitting $1.12 million yesterday (as of October 31, 2025). Revenues here likely come from fees on these launchpads—things like creation fees, trading fees, or bonding curve mechanisms that platforms use to generate income.

What does all this mean for you as a blockchain practitioner or meme token enthusiast? If these trends hold, we might be seeing the end of a correction phase in the memecoin market. Memecoins thrive on hype, community, and speculation, so rising activity could signal incoming FOMO (fear of missing out) and potentially higher prices for established tokens or new launches.

Of course, the crypto market is unpredictable—replies to the thread echo that sentiment. One user quipped, "Markets can bleed but degens practically don't die," highlighting the resilient spirit of the community. Another cautioned about potential curveballs, reminding us that data looks good but nothing's guaranteed.

For those diving deeper, tools like Dune Analytics can help you track these metrics yourself. If you're on Solana, check out platforms like Pump.fun or Moonshot to see the action firsthand. Just remember, memecoins are high-risk; always do your own research and never invest more than you can afford to lose.

As the memecoin space evolves, staying updated on these on-chain signals can give you an edge. Is this the bottom? Only time will tell, but the data is painting a promising picture for Solana's meme economy.