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Cryptocurrency News Articles

The Solana (SOL) meme coin ecosystem is roaring back to life

Apr 28, 2025 at 01:00 am

Leading the charge is Official Trump (TRUMP), now Solana's top meme token by market cap at $2.7 billion.

The Solana (SOL) meme coin ecosystem is roaring back to life

Solana's (SOL) meme coin ecosystem is quickly regaining momentum, with its total meme market cap exceeding $10 billion and daily volumes nearing $5.5 billion. This surge indicates that retail interest is shifting back toward high-volatility assets.

SOL's price, now at $151 after a 13% weekly gain, has further propelled the memecoin sector.

TRUMP, BONK, WIF Spearhead Solana's Memecoin Recovery

Among the top performers is Official Trump (TRUMP), which has become Solana's main meme token with a $2.7 billion valuation.

TRUMP experienced an astounding 77% weekly gain, driven by renewed political hype and heightened speculative trading. In comparison, BONK, a token known for its meme culture presence, saw a 34% surge in the same period, bringing its valuation back to $1.2 billion.

Meanwhile, dogwifhat (WIF) is back in the spotlight with a 56% gain, reaching $620 million in market cap. This surge is attributed to ongoing community support and the meme culture momentum.

However, Fartcoin (FARTCOIN) has been one of the best performers in the last couple of weeks. As CryptoMode reported, FARTCOIN saw explosive growth, registering an increase of over 120% in the last 30 days.

Broader Solana Trends Fuel the Memecoin Ecosystem

It's worth noting that this memecoin recovery isn't taking place in isolation. Solana itself achieved a strong technical breakout above the $150 level, outperforming both Ethereum and Bitcoin over the past two weeks.

Moreover, the blockchain's DEX activity has surged, with the chain now dominating daily decentralized exchange volume. The spike in memecoin trading is closely linked to this broader liquidity wave, as on-chain launches and community speculation continue to drive the ecosystem's cultural relevance.

Memecoins like PENGU, POPCAT, and even newcomers like GIGACHAD are experiencing gains ranging from 30% to 85% over the past seven days. In essence, this ecosystem has become the undisputed center of crypto's meme industry.

If the network continues to combine performance with virality, memecoins could remain the chain's main growth engine into the next quarter.

As CryptoMode reported, SOL Strategies, a Canadian digital asset firm, announced a $500 million expansion plan for Solana, focusing on SOL-based investment products.

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