Today, on-chain memes and AI agents have generally rebounded sharply
In addition to the BTC environment is improving, as I said a few days ago, the potential purchasing power of this group of on-chain degen players from GMGN + Photon + BullX + Axiom is no worse than before TRUMP was issued, and everyone is just waiting for an opportunity
What else is worth looking for 🧐 in memes
A conclusion that may be counterintuitive: the potential purchasing power of Meme Traders on Solana has not decreased as much as expected before TRUMP was launched
CEXs are afraid of on-chain platforms, not only because there is no wealth effect in CEXs, but also because capital sinking is constantly flowing out of CEXs to on-chain. Since most on-chain platforms are non-custodial structures, the SOL balance of the daily Traders wallet is used to dynamically explore the funds and potential purchasing power of mainstream meme exchanges
Looking at the four platforms with the main trading volume of GMGN, Photon, BullX and Axiom, before TRUMP, the total daily SOL balance of GMGN+Photon+BullX traders averaged 16,800 SOL per day from January 1 to 17;
From April 1st to 20th, the total daily SOL balance of traders of GMGN+Photon+BullX+Axiom averaged 12,400 SOL per day. The decline in potential purchasing power was much smaller than the decline in trading volume
It has to be said that Axiom is indeed a strong gold absorber, and now the main potential purchasing power is concentrated in Axiom, even close to 2 times that of the other three combined
On April 20, the total SOL balance of the four Traders wallets on that day was 10,113 SOL
- Axiom 6,688 SOL
- Photon 1,596 SOL
- BullX 1,018 SOL
- GMGN 811 SOL
This indicator may also have some significance for the mining of early on-chain memes, exploring the SOL balance of the meme's holders or traders wallets, and identifying the potential purchasing power or so-called bankers
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