- Solana crosses $200 as developer activity reaches new two-month highs.
- Meme coins on Solana post major double-digit weekly gains.
- Solana Ventures denies involvement in $200M Mercurity credit deal.
Solana has crossed the $200 mark for the first time since early June, signaling renewed strength in the ecosystem. The milestone has sparked widespread attention, with key indicators pointing to sustainable growth rather than short-term hype.
According to Santiment, developer activity on the Solana network has reached a two-month high. Such a boom in technical activity hints at growing use cases and an unending parallel growth of infrastructure throughout the blockchain.
As of press time, SOL had appreciated by 5.5 percent over the last twenty-four hours and by 24.8 percent in the previous week. In the last month, the token has gained 47.5 percent, which shows that there is clear interest in purchasing among various timeframes.
Analysts expect minor corrections, during which traders may take profits at the $200 mark. Nevertheless, more developer input can become a lasting source of additional profits. Increasing developers’ participation is generally indicative of increased utility, thereby leading to prolonged demand for tokens.
Source: Santiment
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Solana-Based Meme Coins Join the Rally With Double-Digit Gains
Several Solana meme tokens have mirrored SOL’s climb with notable weekly gains. Pudgy Penguins (PENGU) jumped 25.1 percent over the past week, now trading at $0.03721. Fartcoin followed closely with a 24.8 percent rise, reaching $1.58.
Adding 23.4 percent, Dogwifhat is currently retailing at a price of $1.23, whereas the Official Trump Token gained 19.1 percent to reach a cost of $10.86. Bonk recorded a 14.2 percent increase, and its trading price is $0.00003421. Popcat has risen by 16.2 percent and is priced at $0.4221.
This meme coin rally has built more buzz in the Solana ecosystem. The similarity in the price behavior of SOL and these tokens demarcates the increasing involvement and increased confidence of investors.
In the meantime, a scandal that involved Solana Ventures registered in the headlines when Mercurity Fintech revealed a $200 million credit line sponsored by the company. Later, Solana Ventures explained that it did not have any deal with the company, hinting at a demonstration of false precursors where it was involved.
Although the argument remains controversial, the event emphasised an increasing institutional curiosity in Solana-related monetary planning. Developer metrics also help verify that the recent growth of the network is supported not by speculative intentions but by development driven by utility.
Solana’s breakout above $200, combined with soaring meme coin prices and rising developer momentum, underscores a renewed bullish sentiment. The alignment between network activity and market performance continues to strengthen the blockchain’s position in the crypto landscape.
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