TROLL, a meme coin on the Solana blockchain, has recently emerged as a leader in recovery among meme cryptocurrencies, demonstrating a remarkable increase of over 16% in just 24 hours. This resurgence comes after a devastating decline in the meme-coin market that saw significant losses due to large-scale scams earlier in 2025.
With TROLL showing the best performance among the top 30 meme coins by market capitalization on Solana, this rebound indicates a renewed interest in the ecosystem. The token traded within a range of $0.03026 to $0.03744, signifying a strong recovery phase that contrasts sharply with the notable downturn experienced in the first half of 2025.
The broader meme-coin market on Solana faced a severe contraction, particularly following high-profile incidents such as the collapse of the LIBRA token, which resulted in more than $107 million in liquidity being wiped out. In the wake of these failures, trading volumes plummeted, with meme coins accounting for only 9.2% of a total network trading volume of $3.2 billion on November 27. In stark contrast, they had previously represented over 70% of the volume in 2024.
Despite these challenges, TROLL has managed to maintain its liquidity levels while also attracting a growing number of retail holders. Over the last 24 hours alone, the number of TROLL holders increased by more than 300, bringing the total to approximately 48,643. This holder activity reflects a consistent upward trend in demand, supported by several intraday price spikes, underscoring robust buy-side interest.
The current landscape reveals that stablecoins are now dominating trading volumes on Solana DEXs, comprising nearly 80% of the activity. This shift illustrates traders” preference for less volatile assets after months of instability. However, the presence of active meme tokens like TROLL shows that interest in this sector persists. A prominent analyst within the Solana community noted that the contraction of meme coins has not diminished overall network activity, as over 11 million active addresses continue to engage in transactions.
This ongoing activity suggests that a more balanced ecosystem is emerging, where stablecoins and select meme assets can coexist. As TROLL continues to gain traction, its recovery aligns with a broader redefinition of risk appetite in the Solana market. With increased holder participation and improved liquidity conditions, popular meme tokens like TROLL may continue to attract attention as market confidence rebuilds.
