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Solana Surges to $125 Amid Meme Coin Rally: FARTCOIN and POPCAT Lead Charge

Solana Surges to $125 Amid Meme Coin Rally: FARTCOIN and POPCAT Lead Charge

Author:
SOL News
Published:
2025-04-12 21:38:26
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[TRADE_PLUGIN]SOLUSDT,SOLUSDT[/TRADE_PLUGIN]

Solana (SOL) has experienced a significant price rebound, climbing over 30% from its yearly low to reach $125 as of April 13, 2025. The rally is partly driven by the explosive performance of meme coins within its ecosystem, with Fartcoin (FARTCOIN) and POPCAT (POPCAT) leading the charge. This resurgence highlights renewed investor interest in Solana’s decentralized finance (DeFi) and meme coin sectors.

Solana Price Jumps to $125, Fueled by Meme Coin Rebound

Solana (SOL) price rebounded sharply, jumping over 30% from its lowest level this year to $125 on Saturday. The recovery was partially attributed to the strong performance of some meme coins in its ecosystem, including Fartcoin (FARTCOIN) and POPCAT (POPCAT), which surged by over 81% and 57% respectively in the last seven days. Other top-performing Solana tokens included Gigachat, Goatseus Maximus, Fartboy, and Vine, pushing the total market cap of all Solana meme coins to over $7.02 billion. The decentralized exchange network on Solana also performed well, handling over $14 billion in the last seven days.

Institutions Possibly Disposing Solana, Time to Sell?

Solana (SOL) recently witnessed the unlocking of a significant number of tokens from FTX/Alameda, raising concerns about its market performance despite a recent price increase. Specifically, FTX/Alameda unlocked 186,326 SOL tokens, valued at approximately $21,500,000. This event could prompt investors to consider selling their holdings, potentially leading to increased volatility and a decline in price. The unlocking of tokens often signifies a period when supply exceeds demand, which may further impact the market. This is one of several unlocks that have occurred since Solana’s early days with FTX. Notably, FTX and Alameda, known Bitcoin dissidents, have held a substantial portion of Solana in their portfolios. The recent release represents a significant portion of SOL tokens to Sam Bankman Fried and Alameda.

GRASS Price Prediction 2025-35: Will It Hit $80 by 2035?

On-chain data shows a 43.08% surge in GRASS’s derivatives trading volume in just 24 hours. The RSI at value 55.54 confirms a healthy upward momentum for the GRASS token. GRASS price may trade within highs of $0.60-$6.00 in 2025, driven by market euphoria. Grass (GRASS) is an advanced cryptocurrency token built on the Solana blockchain.

Solana (SOL) Bulls Charge Ahead: Structural Breakout Sparks $200 Target

Solana (SOL) is showing renewed bull strength, along with the overall market. After weeks of volatility, SOL has started its upward journey and is up almost 10% in the last 24 hours, trading at $130.80. According to analysts, SOL has broken through a major downtrend resistance line that had constrained price movements since February 2025. The technical chart indicates a bullish breakout opportunity, depicting a descending triangle with strong support around $130, which has consistently attracted buyers. This suggests that SOL could target $200 next.

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