The world of Solana meme coins is buzzing with activity, as traders observe strategic movements and growing interest from the “Smart Money” crowd. In the third week of May, five particular tokens have caught the eye of seasoned investors: NEET, URMOM, BUTTCOIN, TOLY, and INFLT. Despite fluctuations in the market, these meme coins are witnessing steady accumulation, which suggests increasing confidence from both large and small-scale traders alike.
The volatility in the Solana meme coin space is well-known, but the intriguing part is how traders are responding to it. The coins that have gained the most traction this week, such as NEET and INFLT, show impressive jumps in Smart Money activity. Meanwhile, tokens like URMOM and BUTTCOIN are attracting a more cautious yet optimistic approach, with many traders buying the dip. TOLY, on the other hand, has experienced a surge, primarily driven by retail investors.
Not in Employment, Education, or Training (NEET)
One of the most talked-about Solana meme coins this month is NEET. Launched on the Pump.Fun platform just 16 days ago, NEET has already captured attention for its rapid rise. However, despite the recent sharp 32% drop in price, the token’s market cap still stands strong at $9.48 million, buoyed by a 7% increase in trading volume.
Interestingly, while the price has seen volatility, Smart Money traders have shown a 126% increase in their holdings, rising from 10.96 million tokens to 26.7 million. This uptick suggests that high-level investors are confident in the long-term potential of NEET, even as short-term sentiment shows caution. On the flip side, whale positions have decreased by 6.26%, signaling that smaller traders may be leading the way during this volatile period.
URMOM (URMOM)
URMOM, another meme coin launched on Pump.Fun, has had a rough 24 hours, with its price dropping by a staggering 74%. Despite this, the coin’s market cap remains at $1.35 million, underpinned by a consistent trading volume of about $7 million.
Surprisingly, Smart Money traders have increased their holdings by 24.6%, from 76.19 million to 95 million tokens. The data shows that many savvy traders are seizing the opportunity to buy at lower prices, even as whales and Public Figures have reduced their positions. This accumulation trend among mid-level traders indicates a belief that URMOM might recover in the near future, making it a potential rebound play.
The Next Bitcoin (BUTTCOIN)
Launched over three months ago, BUTTCOIN has become a meme coin with a cult following, but it is also facing the challenges of market fluctuations. The coin recently experienced a 21.5% drop in price, reducing its market cap to $5.9 million. However, despite the setback, BUTTCOIN’s trading volume remains solid at $1.49 million, pointing to continued interest.
Smart traders have not shied away from BUTTCOIN despite the price decline. Smart Money wallets have increased their holdings by a significant 49%, from 29.5 million to 32.6 million tokens. This suggests that tactical traders are viewing the current dip as a prime buying opportunity, a behavior commonly observed in volatile market conditions. As these traders accumulate more, the coin could potentially see a rebound if the broader market sentiment shifts in its favor.
TOLY’s Minutes (TOLY)
TOLY has been one of the most notable performers in the past 24 hours, surging by nearly 40%. This increase has lifted its market cap to $2.5 million, with a trading volume of $722,000. Unlike many of the other tokens on this list, the rally in TOLY has been primarily driven by retail investors, rather than large players.
Smart Money traders have also shown interest in TOLY, with their holdings rising by 24.5%. However, accumulation from whales, Public Figures, and Top 100 holders has remained largely stable, suggesting that this recent surge is more retail-driven. While TOLY’s growth has attracted attention, it will be interesting to see if it can maintain this momentum, especially as larger investors become more involved.
Inflight (INFLT)
The standout performer in terms of percentage growth is INFLT, which has surged an incredible 105% in the past 24 hours, reaching a market cap of $641,761. The surge has been accompanied by a healthy increase in trading volume, which now stands at $1.16 million.
Smart Money activity in INFLT has been remarkable, with wallet holdings jumping by 82%, from 50.58 million to 92 million tokens. This indicates that tactical investors are paying close attention to this coin’s growth potential, with several different Smart Wallets making substantial buys ranging from $9,000 to $18,500. The recent surge and growing investor interest suggest that INFLT is quickly becoming a token of note among savvy traders.
Conclusion
While Solana meme coins have always been known for their volatility, this week’s market activity suggests that experienced traders are increasingly eyeing the space for strategic plays. Tokens like NEET and INFLT are drawing considerable Smart Money interest, while URMOM and BUTTCOIN demonstrate how some investors are looking to buy the dip. TOLY, with its retail-driven surge, shows the potential for meme coins to gain significant traction even without large investor backing.
For traders, the key takeaway is to remain cautious but also open to opportunities in the meme coin space. While the volatility offers both risks and rewards, understanding the underlying patterns of Smart Money behavior can provide insights into where the next big move could occur.
