The Solana ecosystem has stirred up some activity again. Meme coin platforms based on the SOL chain transferred $615 million in the fourth quarter. Once this number came out, the market exploded.

Here are the figures: quarterly revenue of $74.1 million, with total revenue exceeding $930 million. This is not a small-scale project; it’s really generating significant income within the Solana ecosystem.

Analysts view this round of operations as "one of the largest profit-taking events in the market cycle." In simple terms, they’ve made enough profit and are now taking their gains. This judgment makes sense in the context of the crypto market—capital withdrawal before a bull market peak is quite common.

However, public opinion is more complex. Some directly use the metaphor of "gold rush selling off" to imply that platform operators are cashing in at the expense of users. Others counter that participation is voluntary and no one is forced to play with meme coins. These opposing views have always existed within the community.

From another perspective, the Solana ecosystem itself remains active, and meme coin popularity shows no signs of waning. But the sustainability and compliance of the profit model remain uncertain. While platforms are making good money, whether users can consistently profit is a different matter. This contradiction cannot be resolved for now and can only be answered with time.