Last night, watching SOL plunge along with ETH and BTC, many people probably got a shock. However, upon calming down, the underlying logic might not be as pessimistic as it seems.

Interestingly, while Meme coins on the Solana chain generally retraced, WhiteWhale stubbornly rose by 18%, with its market cap directly surpassing 100 million USD. This detail is very important—it indicates that the market is not experiencing a full withdrawal of funds, but rather internal chain switching and sector rotation. The Meme hype is indeed cooling down, which puts short-term pressure on SOL's popularity and sentiment, but the key point is that money hasn't completely exited; it's just repositioning at opportune moments.

From a technical perspective, on the 4-hour K-line, SOL has been declining all day, with the MACD already crossing below the zero axis, indicating that momentum is indeed waning. But this may not necessarily be bad news—sometimes such adjustments are a process of gathering strength. When the market is diverging, the overall pattern often changes silently, and those who choose the right direction can reap the greatest benefits.