Attention is transmitted to Solana, not for technical upgrade or ecosystem teacher, but due to an increase in the activity driven by the launch of Meme currencies on the platform based on Solana.
With the high retail interests, market monitors ask whether this momentum can really pay the Sol price towards the $ 400 brand.
Pump.fun, a platform that enables immediate launch operations of metal currencies through interconnection curves, has become a phenomenon.
The bonding curves create a direct algorithm between the supply of the distinctive symbol and its price, ensuring the purchase of more symbols and the increase in prices.
The mutation in the symbolic creation is directly associated with the increase in the use of Solana. Artemis Xyz reported that Solana had handled one million transactions per day during the first week of July. This is more than ethereum, expression, optimism, base, and ice collapse.
According to Defillalama, Pump.fun has achieved more than $ 60 million as a drawing for Solana over the past three months, making it one of the highest contributors to activity and revenues on the series.
As of July 15, 2025, Sol is trading about $ 161, according to Coingecko. This has increased by 40 % over the past thirty days and more than 65 % on an annual basis.
Sollosd: Source Coingecko
Analysts suggest that the current price movement is closely related to speculative activity and increased fees, rather than long -term basics. There is a sharp concentration of traffic in Meme’s origins, which show high fluctuations and a short shelf life.
The market dominance has improved. Solana now requires 7.36 % of the total maximum Crypto market, an increase of 3.9 % at the beginning of the year, according to Coinmarketcap.
The current FRNZY POMP.fun has made comparisons with Boom Ethereum ICO 2017. But there are differences. In 2017 ICOS often requires coding, legal preparation and marketing.
Technically, yes. Basically, less clear. Solana will need a 148 % increase in current prices to reach $ 400. This implicitly means the maximum of a fully diluted market is about $ 240 billion.
The current Solana is supported by data, not purely speculation. Pump.fun leads network activity, user growth and fee revenues. But the primary driver is the behavior of speculation centered around the coins that were rapidly launched with a little benefit.
Whether this frenzy can carry the Seoul to $ 400 is still inaccurate. As of now, Solana rides a wave. But the waves crashes. In order for Sol to reach $ 400, he will need more than memecoins – he will need a substance.