
Just a few months ago, Solana meme coins were the talk of the crypto world after it breached a six-month resistance level that had traders thinking a new meme coin season was underway. Shiba Inu also seemed ready for a revival. But by mid-August 2025, the fire had dimmed.
But traders have found a potential life-changing opportunity with Ethereum L2 Layer Brett's blend of cultural energy and utility. Its ongoing presale is doing excellent numbers and analysts are already hailing it as the next Shiba Inu. Let's find out why.
Solana’s recent performance mirrors broader market inertia. The token is hovering just below $180, having lost over 10% this month, with buyers grinding to hold this level as a critical zone of defense. What’s more revealing is Solana’s eroding network activity. Daily active addresses have plunged almost 50%, from 5.4 million in June to just 2.7 million today, and open interest has dropped nearly 3.5%.
The performance mirrors the decline in the Solana meme coin ecosystem. This month alone, the top-performing PENGU and BONK have slipped by at least 30%. WIF also lost its footing around $1 and slipped to $0.84. BONK's meme coin launchpad, letsBONK now commands less than 10% of meme coin revenue—down from 90% peak last month. Yet the market remains hopeful that the upcoming October Solana ETF decision could re-energize sentiment.
Shiba Inu has seen a muted comeback narrative recently: after losing 16% last month and recovering only slightly, the meme token still trades near $0.000012. Despite a prolonged downtrend, some analysts anticipate a 125% rebound to $0.000028, fueled by on-chain accumulation signals and rising futures activity.
The realized cap impulse metric has nudged positive—suggesting new money is entering SHIB. Sell volume now trails buy volume slightly, and funding rates in futures have turned positive, hinting at renewed speculative interest. That said, momentum indicators like RSI and DMI remain firmly bearish, pointing to lingering structural weakness.
While the meme market's faltering performance appears to put many traders in despair, Layer Brett is stepping onto the scene with confidence as the underdog that will reinvent what meme coins can be. In just a few days, its ongoing presale has garnered massive support. But where Layer Brett diverges from legacy meme tokens is in design: it’s not a joke wrapped around speculation.
Built as a formal Ethereum Layer-2, it benefits from fast, low-cost transactions with finality and security. Beyond token mechanics, the project builds for engagement: gamified NFT components, DAO-governance hooks, and a $1 million community giveaway pump in both capital and culture. Rather than fade into meme saturation, Layer Brett is layering culture into utility. All these attracted close to $1 million worth of votes of confidence in its potential to become the next Shiba Inu.
Solana and its meme coin ecosystem are already stalling, tethered by macro risk and dwindling engagement. Shiba Inu clings to hope and nostalgia, buoyed by community but anchored by structural constraints. However, Layer Brett is taking the meme culture to a whole new level. The project is designed to combine the usual meme excitement with an Ethereum L2 base, yield-rich tokenomics, and unbeatable utility.
Its ongoing presale presents an investment thesis that replaced volatility with utility and vision. Fortunately, LBRETT presale is still trading at just $0.0044—up from $0.004. The demand is pushing prices higher and this may be the last chance to bag LBRETT's meme revolution this low. Don't miss out.
Website: https://layerbrett.com
Telegram: https://t.me/layerbrett
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