Solana's trajectory hinges on more than just memecoin momentum. If the memecoin sector contracts and wash trading regulations tighten, the network faces a critical fork in the road. Without the speculative frenzy that's driven transaction volumes, Solana must prove its core value: developer adoption, institutional interest, and genuine dApp utility. The question isn't whether Solana survives—it's whether the ecosystem can evolve beyond retail hype and establish sustainable growth. Stricter market integrity standards could actually accelerate this transition, filtering out speculation-driven projects and attracting serious builders. The real test lies in whether Solana's infrastructure remains competitive enough to support a maturing Web3 economy.