Solana’s 24h “trending” board is basically telling two stories at the same time: fresh microcaps printing stupid % moves on thin liquidity, and a few established memes quietly absorbing real size.

The momentum end (high vol / low depth):

$1649AC is leading purely on activity: 93,404 txns in ~14h, $13.4M volume, $1.5M mcap, +2,876% (24h)… but it’s also -14% (6h).

That’s not “strength”, that’s violent rotation.

$CALVIN looks like the classic overtrade: 51,344 txns, $4.3M volume, but -25% (24h).

Big churn, weak follow-through.

$AI / $MAGA / $PLOI / $FRANK are the headline-grabbers (+702% / +1,056% / +802% / +269% 24h), but check the other side of the trade: liquidity is tiny (roughly $39K–$87K on a few of these).

That’s where “trend” turns into “exit liquidity” fast.

The “depth” end (where liquidity tends to concentrate):

$SACHI (2mo) is still behaving like a grinder: ~$6.9M mcap, $368K liquidity, +8.6% (24h). Not the loudest, but it holds.

$FRANKLIN (10d) is the cleanest midcap flow read here: ~$11.3M mcap, $576K liquidity, $5.5M volume, +21.5% (24h).

$TROLL is the “big board” winner: ~$42.6M mcap with $2.6M liquidity and +42.7% (24h).

That’s what real support looks like.

Readthrough: Retail is still hunting leaderboard momentum, but the market is quietly voting for depth.

On this board, your edge isn’t “finding the ticker”, it’s reading liquidity vs. hype and not getting trapped in the thin pools.

NFA, DYOR.