The world of memecoins is as volatile as it gets, but few tokens have had the kind of spotlight that Murad’s picks have enjoyed.
Murad is a well-known figure in the crypto space, and he always seems to be picking memecoins that people want to trade and invest in. Of late, he’s been picking memecoins that are based on the Solana blockchain. However, even in the world of memecoins, where unpredictability is a given, it has been a tough time lately for Murad’s picks, as they have experienced significant value declines.
The Declining Price of Murad’s Memecoin Picks
Murad’s Solana memecoin list hasn’t escaped the recent market downturn. Data shows the tokens he has pushed have dropped considerably, with price declines from a steep -84.3% to a staggering -97.7%. This kind of drop isn’t atypical for memecoins, which often take the elevator down when speculative traders lose interest and market conditions turn against them. These assets tend to ascend quickly, based on too much hype and probably too much community enthusiasm, and when the community traders are done trading, they tend to plummet.
Murad’s Solana memecoin picks and how they’re fairing in Today’s market
Twitter: @MustStopMurad
Insights and observation:
All the memecoins in Murad’s list are all down from their all time high,with drops ranging from -84.3% to -97.7%.
Some memecoins like $WIF #FARTCOIN and… pic.twitter.com/ASpYJlY8ep
— Stalkchain (@StalkHQ) March 19, 2025
For instance, tokens like $WIF, #FARTCOIN, and POPCAT, despite being down substantially from their all-time highs, have somehow managed to keep relatively lofty market caps. Even with the drastic price drops these memecoins have taken, they still seem to exhibit a certain resiliency, which is likely due to very large and active user bases. Many of Murad’s picks seem to still enjoy the strength of community backing that enables them to keep token prices somewhat afloat, even while the broader market seems to be in freefall.
Community Support Remains Strong
The current state of these Solana-based memecoins underlines a key aspect: the strength of their communities. Even with significant decreases in worth, some tokens like $WIF, #FARTCOIN, and POPCAT still count the highest number of holders. One of the most critical factors that keep a memecoin relevant over time is a strong, active community. Many of these holders appear to be in the projects for the long haul, driven either by hope of future returns or simply by undying loyalty.
It is notable that the number of holders does not always relate directly to active buying behavior. Some tokens have a larger base of holders, yet these investors are not making additional purchases. They are holding their positions, and with the possible hope that the market will recover or that new developments will make prices rise, they seem to be content. This not-so-active cadre of investors has led to a situation where far more token holders exist than there are token buyers. And, despite the number of holders being high, any semblance of price action in either the up or down direction seems to be destined to remain just that—merely a semblance.
This concern is especially clear among people who entered these markets at the height of the hype. For instance, earlier buyers who bought at all-time highs are now nursing serious losses, which has definitely cooled the enthusiasm for new purchases. Many of these holders, though, are still part of the community but are entirely off the sidelines and waiting for a possible rebound. Healthier enthusiasm might eclipse the existing enthusiasm for downturns and might also eclipse the existing enthusiasm among any buyers who are still in the community.
Long-Term Viability: Can These Memecoins Recover?
Even in these trying times, there remains a slight possibility that Murad’s Solana memecoins could be successful—at least more successful than almost all other crypto assets this year. Why? Because tokens like $SPX, $GIGA, and $WIF have what are called strong holder bases. That is, these tokens have a core group of highly committed and engaged holders who believe in their potential and seem quite willing to be holders over the long term.
Yet, for such memecoins to recover in any significant way, it isn’t enough that they have dedicated holders; they also need fresh attention and new buyers to ignite the next surge of price upticks. To attract this next wave, the projects behind these tokens have a multitude of pathways they could go down. They could roll out new features or service upgrades that are so good existing investors can’t help but get excited again. They could form partnerships that are so compelling they get new buyers in the door. They could become so good at community engagement you can’t turn around without bumping into an event they’re holding or sponsoring.
Conclusion
Picks from Murad’s Solana-based memecoin collection have clearly suffered in the current market, with the extent of their decline from all-time highs running the gamut from severe to catastrophic. That said, they’re still holding a decent amount of community and token holders, which gives each of them a real chance at base-building on the way to maybe something better in the future. Even the tokens that are clearly holding their communities hostage—hello, Mad!—could see some serious reassessment of their prospects if the crypto market works its way toward a recovery. Until then, the entirety of Udemy’s crew of Solana-based memecoins looks to be on a long hold.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
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Image Source: asifmunir07/123RF // Image Effects by Colorcinch
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Will Izuchukwu