Crypto
Solana Memecoin Mania Brings in $2B Trading Volume
Solana's memecoin mania has brought in over $2 billion in trading volume, with 62,000 dormant wallets reactivating to join the frenzy.
The surge represents a 400% increase from the previous week and marks the highest return rate of dormant wallets on Solana in over a year.
Pump.fun, a popular memecoin launchpad, earned $1.21 million in revenue over a single 24-hour period, outpacing Hyperliquid's $1.03 million haul.
The tokens driving this wave have familiar DNA: $JIMOTHY hit an all-time high market cap of $46.4 million on July 22, while $ANSEM reached a valuation of approximately $169 million and $KET sat at around $15 million.