While Solana (SOL) surpassed BNB in market cap, fueled by new meme coin launches, the highly anticipated Milei Moneda ($MEDA) is poised to outshine both, with experts predicting a remarkable price upswing upon its imminent launch.
Solana’s decentralized exchanges (DEXs) have witnessed a significant surge in trading volumes, outperforming competitors like Uniswap and PancakeSwap, fueled by the rise of meme coins like Slerf on the Solana network.
Bitcoin experienced its most volatile weekend in a year, slipping from an all-time high of $72,760 to as low as $64,550 before recovering to around $68,300. Meanwhile, Solana stole the spotlight, surging 36% over the past week and leading market gains.
The meme coin Dogwifhat (WIF) has climbed to become the fifth-largest meme coin by market capitalization, reaching a $2.2 billion valuation. However, despite the uptrend, technical indicators suggest a potential pullback for WIF bulls due to diverging volume.
Circle, the issuer of the stablecoin USD Coin (USDC), has minted $250 million worth of USDC on the Solana blockchain, significantly increasing liquidity within the network. This influx of stablecoins is expected to benefit decentralized finance (DeFi) applications and decentralized exchanges (DEXs) operating on Solana.
Solana (SOL) jumped over 7% to become the 4th biggest cryptocurrency by market cap as it climbed above $140 amid Bitcoin’s latest rally toward a new all-time high price.
Solana suffered a double-digit decline this week, losing over 12% of its value, as active addresses and trading volume dropped significantly, contributing to the bearish outlook for the token.
The Aptos Foundation has collaborated with African startup Jambo to launch a $99 Android smartphone with built-in access to its ecosystem in over 40 countries.
