Dogecoin, Solana & Altcoins Slump: Weekly Trading Volume Halved by 2025’s End
The party's over for the altcoin crowd. As the final trading week of 2025 closed, a cold reality set in: the combined weekly trading volume for major altcoins like Dogecoin and Solana had been slashed in half compared to the frenzy of 2024.
The Great Liquidity Drain
Markets don't lie. That 50% drop in weekly volume isn't just a statistic—it's a capital flight. The speculative froth that propelled memecoins and layer-1 contenders to dizzying heights has evaporated, leaving a quieter, more sober trading landscape. Retail momentum? Gone. The leveraged bets that fueled parabolic rallies have unwound, shifting the power dynamic back to patient, deep-pocketed holders.
Beyond the Meme: A Structural Shift
This isn't a temporary blip. The halving of volume signals a fundamental maturation—or perhaps a brutal consolidation. Projects built on hype and influencer tweets are getting ruthlessly filtered from those with actual utility and sustainable ecosystems. It's a classic market cleanse, separating the digital wheat from the chaff, much to the chagrin of anyone who thought 'number go up' was a viable long-term strategy.
The era of easy money is finished. What remains is a market demanding real use cases and resilient tokenomics, proving once again that in crypto, as in traditional finance, the only free lunch is the one you bring yourself.
Dogecoin, Solana, & Others Have Seen A Decline In Volume Recently
In a new post on X, on-chain analytics firm Santiment has talked about the latest trend in the Trading Volume for the various assets in the cryptocurrency sector. This indicator measures, as its name suggests, the total amount of a given token that became involved in trading activities on exchanges over the past week.
When the value of the metric rises, it means trading activity related to the asset is going up. Such a trend can be a sign that interest in the cryptocurrency is increasing.
On the other hand, the indicator going down can imply investors are shifting their attention away from the coin as they are participating in a lower amount of trading.
Now, here is the chart shared by Santiment that shows the trend in the Trading Volume for nine major assets: Bitcoin, Ethereum, Dogecoin, Cardano, Solana, BNB, XRP, Tron, and Chainlink.
As displayed in the above graph, the Trading Volume has witnessed a plunge across the sector over the last couple of weeks. Bitcoin, Dogecoin, and other assets have all shown price consolidation in this period, so the cooldown in trading activity could partly be due to traders getting bored.
Generally, investors like to trade more when price action is “exciting.” Volatile moves like rallies or crashes especially attract attention to the market. In phases of sideways price action, though, interest tends to die down.
There is also another reason behind the recent decline in the Trading Volume besides the price action: the holidays. From the chart, it’s visible that the holiday period at the end of 2024 also saw the indicator have a similarly low value for Bitcoin.
There has been one big difference in market behavior between now and then, however. As the analytics firm has explained:
Ethereum and other altcoins like Solana, Cardano, and Dogecoin were still seeing significant movement. This year, they have less than half the weekly trading volume.
What could be the consequence of this low activity? While hard to say for certain, price action usually tends to be muted when there is a lack of trading interest, as moves fail to build momentum in either direction.
Thus, it’s possible that the current phase of consolidation could stretch for the market, unless some surprise news drops that becomes a trigger for volatility.
DOGE Price
Dogecoin saw a surge to $0.128 earlier in the week, but the memecoin’s price has declined since then as it’s back at $0.122.
