Memecoin Holding Time on Solana Drops to 58 Seconds

According to NS3.AI, the average holding time for memecoins on the Solana blockchain has significantly decreased to just 58 seconds, compared to approximately one day three years ago. This rapid turnover is attributed to traders who quickly respond to popular posts on X, purchasing related memecoins almost instantly and selling them within three minutes. This trend highlights the increasing speed and volatility in the memecoin market on Solana.