Sparsity Research

Fear and greed Beta

How fearful or greedy the meme market is on each of five chains, from 0 to 100, read on-chain from launchpads, trading bots and holders.

Sparsity describes on-chain behaviour. Nothing here is investment advice.

Updated daily
Readings for Oct 25, 2026

Solana

Neutral53 of 100From 57 a week ago

The past year

Solana's reading each day from Oct 30, 2025 to Oct 25, 2026: highest 100 on Aug 9, 2026, lowest 5 on Apr 6, 2026, 53 on the last day.

Holders joined Solana's reading on Sep 27, 2026. Before that, the line is Activity alone.

What the reading is made of

Activity

60% of the reading
61.6 of 100

How busy the chain's meme market is.

  • Launchpad trades35% of Activity
    77.6 of 100

    How many trades the chain's launchpads see.

  • New launches20% of Activity
    87.4 of 100

    How many new coins launch on the chain.

  • Bot fees45% of Activity
    37.6 of 100

    What traders pay trading bots on the chain.

Holders

40% of the reading
40.5 of 100

Whether holders of our index coins on the chain are adding or leaving.

  • Holder growth50% of Holders
    42.9 of 100

    How many of the chain's index coins are gaining holders.

  • Large wallets adding50% of Holders
    38.1 of 100

    How many of the chain's index coins have large wallets adding.

How to read it

One reading per chain

The chains don't move together, so each has its own reading and none are added up into one number. On Sep 3, 2026, during Robinhood Chain's launchpad run, Robinhood Chain read 100 while Ethereum read 36. Each chain's year shows its own path.

Two parts

Activity is how busy the chain's launchpads and trading bots are. On its own it can't tell euphoria from a crash: panic selling keeps a chain busy too. Holders shows whether people holding our index coins on the chain are adding or leaving.

Against its own past

Each chain's activity is read against its own past, up to a year back (Robinhood Chain's against less, since there isn't a year of its data yet). So 50 means an ordinary week for that chain, not the same amount of trading on every chain.

The five words

Extreme fear 0 to 19, Fear 20 to 39, Neutral 40 to 59, Greed 60 to 79, Extreme greed 80 to 100. They're a way of reading the 0 to 100 scale.

What it isn't

It describes each chain's meme market as it is today. It isn't a forecast, and never a call to buy or sell.

Every day

The readings are updated daily, after the holder strength index, with the previous full day.

Where the data comes from. Activity: Sparsity's reads of launchpad and trading bot activity on chain (via Dune). Holders: Sparsity's holder strength index.

Sparsity Research. On-chain data: Dune.Sparsity describes on-chain behaviour. Nothing here is investment advice.
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