Solana Sees $125M Surge as New Token Hype Fades—Outdated Meme Cash Again in Play?

Solana has witnessed a notable surge in exercise over the previous week, fueled by a mixture of heavy asset inflows and a renewed concentrate on older meme cash that proceed to dominate buying and selling volumes and investor curiosity.

In keeping with on-chain knowledge from Artemis and deBridge, greater than $125 million value of belongings have been bridged into Solana from different blockchains within the final seven days.

Ethereum Fuels $70M Liquidity Wave Into Solana as Meme Coin Hype Cools

Solana is experiencing a serious liquidity revival, pushed primarily by Ethereum, as the amount of bridged belongings surges. In keeping with knowledge from Artemis, Ethereum accounted for over $70 million in inflows into Solana, representing practically 56% of the whole. Arbitrum adopted with $14.1 million, whereas Polygon and BNB Chain contributed $7.5 million and $2.6 million, respectively. Different smaller chains made up the remaining $4.2 million.

The whole bridged quantity into Solana rose by nearly 40% week-over-week, with the Ethereum-to-Solana route rising as essentially the most dominant pipeline. Knowledge from deBridge additional confirms that $31 million in belongings flowed from Ethereum to Solana alone.

A lot of this capital shift seems linked to a cooling off within the once-explosive meme coin launching frenzy. Whereas Solana had beforehand seen a large surge in new token launches, final week noticed solely 322,000 new token launches, a pointy slowdown in comparison with earlier peaks. This pattern signifies a transfer again towards established tasks and tokens.

Curiously, even in the course of the heated rivalry between LetsBONK and Pump.enjoyable, token exercise remained comparatively muted. LetsBONK graduated 1,243 tokens, double Pump.enjoyable’s 622, and in addition launched 130,605 new tokens, considerably forward of Pump.enjoyable’s 77,250.

Amid a slowdown in new meme coin launches, a number of older and extra established Solana-based meme tokens are seeing renewed curiosity.

Merchants look like redirecting liquidity towards extra recognizable belongings, together with Pepe (PEPE), Shiba Inu (SHIB), Dogecoin (DOGE), Bonk (BONK), and Pudgy Penguins (PENGU), signaling a shift from novelty to familiarity.

PEPE has recorded a notable 23.73% improve in market capitalization over the previous seven days and is now buying and selling at $0.00001217. The token’s 24-hour buying and selling quantity stands at $5.87 billion, up 78.50% from the day gone by. This surge in quantity displays a spike in market exercise. As of right now, PEPE’s market capitalization is $5.12 billion.

Shiba Inu (SHIB), the second-largest meme token by market worth, can also be gaining traction. The token is at the moment buying and selling at $0.00001329, up 14.9% over the previous week and 0.6% within the final 24 hours. SHIB’s market capitalization is now $7.83 billion, rating it twenty third in token market cap.

Dogecoin (DOGE), the biggest meme coin by market cap, is at the moment buying and selling at $0.1982. It has risen 18.5% over the previous seven days, reaching over $8.06 billion in market cap.

Bonk (BONK) has captured important market consideration, with its value climbing 70% over the past 10 buying and selling classes. The token is at the moment priced at $0.00002719, reflecting a 6.27% improve prior to now 24 hours. BONK’s market cap has climbed to $1.465 billion after gaining 33.9% prior to now week.

Pudgy Penguins (PENGU) has additionally skilled a pointy resurgence. The token jumped 48.2% within the final seven days, lifting its market capitalization to $1.918 billion. The sudden momentum was amplified by a shock social media endorsement from TRON founder Justin Solar, additional fueling investor curiosity.

Collectively, these developments level to a broader pattern of capital rotation again into acquainted meme cash, as merchants search stability and momentum inside the more and more saturated meme token market.

Solana Tops Q2 Income at $271M, Outpaces Ethereum, Bitcoin & Tron

In the meantime, Solana itself continues to outshine its friends in core metrics. The blockchain generated over $271 million in income in Q2 2025, outpacing Ethereum, Tron, and Bitcoin for the third consecutive quarter, in line with Blockworks.

Transaction quantity on the community climbed 32% final week to 590 million, surpassing the mixed exercise of Ethereum, BNB Chain, and Polygon. Lively addresses rose to 24.4 million, and price income elevated 44% to $7.68 million.

Including to the momentum is the anticipation round Solana ETFs. Polymarket knowledge reveals that merchants now estimate a 99% likelihood that the U.S. Securities and Alternate Fee will approve a spot Solana ETF by the top of 2025.

A number of main corporations, together with VanEck, Grayscale, 21Shares, and Bitwise, have already filed functions, signaling deep institutional curiosity.

Bloomberg ETF analyst James Seyffart echoed the sentiment, saying, “We’re anticipating a wave of recent ETFs within the second half of the yr. Solana is clearly main that dialog.”

Notably, Solana (SOL) is at the moment buying and selling at $162.19, up 9.5% over the previous 7 days. The token has additionally seen a pointy rise in buying and selling exercise, with 24-hour quantity hitting $14.4 billion, a 133.4% improve from the day gone by.

On July 12, analyst Ali Martinez shared a bullish outlook on Solana, highlighting a cup-and-handle sample forming on the weekly chart, a traditional bullish sign that always precedes main rallies.

The sample means that Solana has recovered from its previous lows close to $9.88, following a multi-year climb from its earlier peak round $250. The current value motion seems to be forming the “deal with” portion of the construction.

Martinez factors to $170 as a essential resistance stage. A confirmed breakout above this stage, significantly with a weekly shut, might validate the sample and set off a powerful upward transfer.

Primarily based on Fibonacci projections, potential value targets embody $295 (a retest of the all-time excessive), with longer-term targets of $787, $1,314, and even $2,744.

Nonetheless, failure to interrupt previous $170 might result in a pullback towards $135 and even $100, which has traditionally acted as robust help.

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