The BNB meme coin season is heating up as Chinese-themed tokens dominate the BNB Chain, drawing liquidity away from Solana.
Facing this trend, Solana is trying to strike back — but can it reclaim its meme market momentum before the next wave hits?
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BNB Meme Season Driven by Chinese Investors
Recently, BNB Chain has witnessed a wave of Chinese-inspired meme coins surging in market capitalization. A series of tokens with Chinese names — such as Binance Life, Customer Service Xiao He, and Binance Assistant — have skyrocketed in value within hours.
According to BeInCrypto, the market cap of several BNB meme coins surged dramatically in just a few hours. Notably, Binance Life (Chinese name: 币安生活) reportedly surpassed $500 million in market capitalization only days after launch.
Analyst believes this BNB meme coin season will last “for quite a while.” As one trader commented, “CZ and He Yi won’t let this wave of enthusiasm end easily — it’s highly likely they’ll keep pushing it forward.”
Meanwhile, the rapid spread of Chinese-language memes on Weibo, Telegram, and X has triggered a FOMO effect similar to the early DOGE or PEPE rallies.
Most of this trading happens on PancakeSwap, the dominant DEX on BNB Chain. With its deep liquidity and spot volume, PancakeSwap has become the main stage of the China meme season.
Interestingly, the platform has also expanded its cross-chain swap capabilities to Solana, allowing easier liquidity transfer between ecosystems.
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Some analysts even suggest this could be one of the key reasons behind recent capital outflows from Solana to BNB Chain.
Another Solana Meme Season is Coming?
Solana seems to have lost patience after days of persistent fund outflows to BNB. The official Solana account began posting in Chinese, branding itself as the “Apple Chain (苹果链)” — implying sophistication and premium positioning, akin to Apple’s image.
However, the post was deleted within minutes.
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Surprisingly, within minutes of deletion, a flood of “Apple Chain” tokens emerged and saw rapid market cap increases. Although this move was criticized as a “panic reaction,” it inadvertently reignited Chinese community attention around Solana.
While the community debated the incident, Raydium, Solana’s largest DEX, posted a hint: “SOL meme szn is coming.” Shortly after, another Chinese tweet hinted, “SOL memes look ready for a big surge.”
The message spread quickly, interpreted as Solana’s counterattack against the booming BNB meme coin wave.
One analyst jokingly commented that the only way for Solana to keep up would be for co-founder Anatoly Yakovenko to tweet daily: “Hello, thank you, I love China!”
SOL Price Falls — But ETF Could Spark a Reversal
Losing its footing in the meme coin war might be one factor behind SOL’s recent price decline. According to BeInCrypto, SOL has dropped from $235 to $217, returning to its early-October range before rebounding slightly.
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In contrast, BNB has been setting new all-time highs, supported by the meme coin frenzy and rising DEX trading volumes across BNB Chain. Analysts say the BNB meme coin activity surge has directly boosted on-chain liquidity and retail participation.
“Solana dominated every crypto trend for three years. If CZ season only lasts a week while Bitcoin and BNB hit all-time highs — I’ll be amazed.” One user X commented.
At the same time, expectations for a Solana ETF approval are mounting. Multiple sources suggest the SEC could approve a spot Solana ETF this week, with odds close to 100%.
If approved, analysts believe SOL could rebound to $290–$345, reestablishing its mid-term uptrend.
