The post Solana Summer Hype Fades – But Investors Call It ‘Layer Brett Summer’ Instead appeared on BitcoinEthereumNews.com.
In crypto, summers have a way of sticking. Remember “DeFi Summer†in 2020, when farmers turned yield into fortunes? Or “Solana Summer†in 2021, when the chain’s speed and low fees had everyone buzzing like it was the hottest beach party in town? Fast forward to now, and that heat seems to be cooling. Solana still shines, but the hype wave isn’t as wild as before. Instead, a new name is making the rounds on Crypto Twitter and Discords everywhere, “Layer Brett Summer.†The meme-fueled Ethereum Layer 2 project is turning heads, wallets, and timelines, becoming the season’s unexpected star. Why Solana’s summer tan is starting to fade For a while, Solana looked unstoppable, climbing the charts like it was heading for another beach party high. But the data now shows otherwise. Holder activity is slipping fast: mid-term holders dropped from 14.84% to 12.96%, and short-term holders fell by almost half. That’s a lot of wallets choosing to pack up and leave the party early. The charts aren’t helping either. Solana’s price action has carved out a double top around $206–$209, textbook bearish vibes. If $183 cracks, the next stops could be $175 or even $161. Add in SOPR showing weaker profit conviction, and suddenly Solana’s once-flashy rally looks more like a mirage than momentum. All this doesn’t mean Solana’s done, but the cool-down is real. And in crypto, when one summer ends, another begins. That’s why investors are already calling it “Layer Brett Summer†instead, chasing fresh heat in the Ethereum Layer 2 scene. Why Layer Brett summer is heating up fast In crypto, every season has its star. Remember when Polygon suddenly went from “that sidechain thing†to a must-have scaling solution? Or when Shiba Inu surprised everyone with staking utilities that kept holders hooked? That’s the kind…