Solana Gains $125M as Meme Coins Resurge Amid New Token Hype Fade
Solana Sees Significant Activity Surge Amid Meme Coin Resurgence
Increased Asset Inflows into Solana
Recent data indicates that Solana has experienced a remarkable uptick in blockchain activity, primarily driven by substantial asset transfers and a renewed interest in established meme coins. Over the past week, more than $125 million worth of assets have been transferred to Solana from various other blockchains, marking a significant increase in liquidity.
ethereum Leads the Charge
According to reports from Artemis and deBridge, ethereum has been the primary contributor, accounting for over $70 million of the total inflows into Solana. This influx represents nearly 56% of the overall bridged assets, with other chains like Arbitrum, Polygon, and BNB Chain contributing smaller amounts. The total bridged volume into Solana has surged by almost 40% compared to the previous week, highlighting ethereum‘s dominance in this liquidity movement.
Shift from New Tokens to Established Projects
Interestingly, the recent capital influx coincides with a slowdown in the launch of new meme tokens. Last week, only 322,000 new tokens were introduced, a stark contrast to earlier surges. This trend suggests that traders are shifting their focus back to more established projects rather than engaging in speculative new launches.
Renewed Interest in Established Meme Tokens
As the frenzy around new meme coins cools, older tokens are regaining traction. Traders are increasingly directing their investments toward well-known assets such as Pepe (PEPE), Shiba Inu (SHIB), Dogecoin (DOGE), Bonk (BONK), and Pudgy Penguins (PENGU). This shift indicates a preference for stability and familiarity in an increasingly crowded market.
Performance of Key Meme Tokens
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Pepe (PEPE): The token has seen a 23.73% rise in market capitalization over the past week, currently trading at $0.00001217, with a significant 24-hour trading volume of $5.87 billion.
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Shiba Inu (SHIB): This second-largest meme token has gained 14.9% in the past week, now trading at $0.00001329, with a market cap of $7.83 billion.
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Dogecoin (DOGE): The largest meme coin by market cap has risen 18.5% over the last week, currently priced at $0.1982, with a market cap exceeding $8.06 billion.
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Bonk (BONK): This token has captured attention with a 70% price increase over the last ten trading sessions, now valued at $0.00002719 and boasting a market cap of $1.465 billion.
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Pudgy Penguins (PENGU): This token has surged by 48.2% in the past week, reaching a market cap of $1.918 billion, partly due to a social media endorsement from TRON founder Justin Sun.
Solana’s Strong Performance Metrics
Amid these developments, Solana continues to outperform its competitors in key performance metrics. The blockchain generated over $271 million in revenue in Q2 2025, surpassing ethereum, bitcoin, and Tron for the third consecutive quarter. Transaction volume on the network increased by 32% last week, reaching 590 million, while active addresses rose to 24.4 million.
Anticipation Surrounding Solana ETFs
Adding to the positive momentum is the growing anticipation for Solana ETFs. Current market sentiment suggests a 99% likelihood that the U.S. Securities and Exchange Commission will approve a spot Solana ETF by the end of 2025. Major firms, including VanEck and Grayscale, have submitted applications, indicating strong institutional interest.
Price Movements and Future Projections for Solana
Currently, Solana (SOL) is trading at $162.19, reflecting a 9.5% increase over the past week. The token has also seen a significant rise in trading activity, with a 24-hour volume of $14.4 billion, marking a 133.4% increase from the previous day. Analysts are optimistic about Solana’s future, with some identifying a bullish pattern that could lead to a breakout above the critical resistance level of $170. If this level is surpassed, projections suggest potential price targets could reach as high as $2,744.
In summary, the recent surge in Solana’s activity and the renewed interest in established meme tokens indicate a significant shift in market dynamics, as traders seek stability and momentum in a rapidly evolving landscape.
