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Cryptocurrency News Articles

As Bitcoin smashes through the $100,000 milestone and heads even higher, the entire cryptocurrency market is entering a new phase of explosive growth.

May 12, 2025 at 08:58 pm

At the center of this rally is Solana (SOL), a blockchain that's not just trending — it's dominating.

As Bitcoin smashes through the $100,000 milestone and heads even higher, the entire cryptocurrency market is entering a new phase of explosive growth.

As Bitcoin smashes through the $100,000 milestone and heads even higher, the entire cryptocurrency market is entering a new phase of explosive growth. At the center of this rally is Solana (SOL), a blockchain that’s not just trending — it’s dominating. Solana tokens are currently leading both in terms of search trends and trading volume, outpacing even Ethereum-based tokens on platforms like Dexscan.

Whether looking at meme coins, utility tokens, or up-and-coming projects, Solana is where the action is during this bull cycle.

Why is Solana thriving? The answer lies in its speed, low transaction costs, and rapidly expanding community. As investors look for quick gains without paying hefty Ethereum gas fees, Solana has become the go-to network for both developers and traders.

Today, the top 3 Solana tokens are identified as prime candidates for rapid growth in the coming weeks, with strong potential for portfolio gains.

OFFICIAL TRUMP (TRUMP)

Leading the list is OFFICIAL TRUMP, currently trading around $14.22 per coin. $TRUMP has been gaining traction thanks to its unique mix of meme appeal and real-world political relevance. It is slightly up on the day and appears poised for further gains as market momentum builds.

The token has shown a strong bullish trend after breaking out from earlier weakness, where it stayed mostly below $11 and faced minor dips. A sharp surge lifted it into the $13 range, marking the start of a strong rally. Momentum remained positive as $TRUMP climbed steadily toward $15, with brief pullbacks followed by quick recoveries.

More recently, it has been consolidating between $14 and $15, a sign that buyers remain in control while testing resistance at higher levels. The pattern reflects a clear shift from bearish to bullish sentiment, with strong buying interest sustaining its gains and signaling growing confidence among short-term holders.

Adding fuel to the rally is the event where top holders of $TRUMP can secure a seat at a dinner with President Donald Trump, generating serious buzz in the crypto space. For high-net-worth enthusiasts, this exclusive access is creating strong buying pressure, while the attention around it stirs FOMO among retail investors. Even though qualifying costs tens of thousands of dollars, the event’s publicity alone is pushing demand higher.

With Bitcoin reaching new highs and political narratives heating up as the U.S. election season intensifies, $TRUMP appears positioned to continue its rally through the week and into the weekend, offering a potential window for traders looking to capitalize on short-term volatility.

Pudgy Penguins (PENGU)

Next up is Pudgy Penguins, a Solana-based meme coin that has been delivering some serious returns. While $PENGU is down slightly today, it’s still up 40% over the past week and has surged 172% over the past month — a clear sign that meme coins are staging a strong comeback.

$PENGU has shown a clear upward trend starting around May 8th, moving from a quiet and slightly volatile phase into a strong rally that peaked the next day.

Before this surge, the price hovered around $0.011 with small dips. On May 9th, it spiked above $0.016 before pulling back slightly. Since then, the price has settled into a stable range between $0.014 and $0.015, showing smaller ups and downs but less volatility than before.

Overall, the trend looks bullish, with the price staying strong above earlier support levels. This suggests growing interest from buyers and possible accumulation at these higher levels.

What makes $PENGU attractive right now is the overall sentiment shift in the market. Meme coins, which were heavily oversold during the bear market, are now seeing renewed interest as trading volumes tick back up. The entire meme coin sector on Solana is glowing green, and tokens like $PENGU are leading the charge.

As market sentiment improves, meme coins like $PENGU are well-positioned to deliver rapid and outsized returns, particularly with new retail investors flooding back into the market.

Solaxy (SOLX)

While meme coins offer potential for swift gains, infrastructure tokens like Solaxy (SOLX) present an opportunity to profit from the problems that will arise as the Solana network grows.

Solaxy is building a Layer 2 solution for the Solana blockchain, designed to handle increased transaction volumes by reducing fees and improving speed.

As Solana continues to dominate crypto trends and new tokens like OFIFICIAL TRUMP, Fartcoin, and Pudgy Penguins see surging demand, network congestion is bound to become a problem.

Curious about what's been going on behind the scenes at Solaxy? 🤔Take a peak at the Dev Updates 👇 and get up to speed! 🚀🔥https://t.co/EpiIjplyoe pic.twitter.com/

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Other articles published on Jun 07, 2025