Solana is close to breaking out once again. On Friday, it climbed to $167, its highest point since 29 May. At the same time, Solana’s memecoin activity surged, with most major coins in the green on the weekly timeframe. According to CoinMarketCap , Solana’s price stands at $160.38 at press time. As the overall crypto market climbed past a market cap of $3.6 trillion this week, Solana’s transaction count on the network rose 32 percent to reach 590 million, according to on-chain data by Nansen . That level outstripped the combined transactions of Ethereum, BNB chain, and Polygon, which changed by roughly 3%, 3.9%, and 7.6%. At the same time, transactions on Base and Tron fell by 3.9% and 0.2%, respectively. Solana price chart. Source: CoinMarketCap Nansen data further showed that the number of active addresses on Solana jumped 5.3 percent to 24.4 million, and fees generated climbed 44 percent, reaching $7.68 million. Over the past 30 days, the network handled more than 2.1 billion transactions. Investors show a growing appetite for Solana ETFs and meme coins US-listed Solana ETFs have quietly brought $78 million in the last month, underlining growing demand for altcoin-based funds even as Bitcoin remains the market leader. The REX-Osprey SOL + Staking ETF (SSK), which began trading on July 2, has amassed more than $41 million in assets already, based on Bloomberg Intelligence data. Volatility Shares’ leveraged Solana ETF (SOLT) has gathered $69 million so far this year, while its standard Solana ETF (SOLZ) has held $23 million. These inflows arrive as several fund managers prepare for what they hope will be the next big ETF approval in the US. Although the SEC has not yet green-lit such an offering, many in the industry are growing hopeful it could win approval soon. According to CoinGecko data, meme tokens on Solana have also seen a pump alongside the broader rally. PENGU by Pudgy Penguins and Bonk are the two high-market-cap meme coins that recorded the highest climb this week. Solana memecoins by market cap. Source: CoinGecko PENGU is 48.2% and Bonk has spiked 33.9% over the last 7 days, according to present data by CoinGecko. Their current market caps stand at $1.918 billion and $1.465 billion, respectively. Goatseus Maximus rose 27.0%, while Peanut the Squirrel and Popcat gained 21.7% and 21.2% respectively. Dogwifhat added 13.6% while the Official Trump coin climbed to 11.8%. Smaller advances came from Fartcoin (4.5%), dog (Bitcoin) (7.1%), and aura (6.8%). Among the major meme tokens, only Useless Coin and Melania Meme slipped, down 3.7% and 0.1%. In the last 24 hours, Bonk saw about $1.46 billion in trading volume, Pudgy Penguins $863 million, and Official Trump $520 million, highlighting strong trading interest alongside Solana’s gains. Reflecting the growing interest in Sol-based meme coins, Pump.fun, a Solana-based meme coin launchpad that allows users to create speculative meme coins, raised $600 million in just 12 minutes during its ICO, making it the largest ICO on record. In an X post on July 9th, Pump. Fun said it would sell 150 billion coins at a price of $0.004 per token. Prior to the public sale, the platform had sold 180 billion coins to private investors at that same price. the $PUMP public sale has now ended. we are delighted to reveal that the $PUMP public sale was able to sell out in only 12 minutes. we would like to thank our entire community for participating! the $PUMP tokens will now enter the distribution phase 👇🏻 pic.twitter.com/uqhQwRkL4f — pump.fun (@pumpdotfun) July 12, 2025 Alon Cohen, co-founder of Pump.fun, confirmed that this offering generated $600 million, raising the total funds to about $1.32 billion. Pump.fun also noted that UK and US investors were not eligible to participate in the token sale. Cryptopolitan Academy: Coming Soon - A New Way to Earn Passive Income with DeFi in 2025. Learn More
