Solana Price Eyes 96% Rally Amid Surging Social Sentiment And Ghibli Meme Coin Frenzy
The post Solana Price Eyes 96% Rally Amid Surging Social Sentiment And Ghibli Meme Coin Frenzy appeared on BitcoinEthereumNews.com.
Solana price shows signs of a rebound after gaining by nearly 7% in the last seven days. These gains have sparked a positive social sentiment amid rising institutional adoption from top Wall Street firms like BlackRock and Fidelity. Moreover, a newly launched SOL-based Ghibli meme coin could fuel a massive rally. Solana Price in Focus As Social Sentiment Surges A recent report by on-chain analytics platform Santiment has stated that the level of positive social sentiment around Solana has surged to historic levels. This increase stems from bullish news such as the BlackRock BUIDL Fund on SOL. “The combination of technological advantages, institutional interest, community support, and influencer engagement are contributing to a nearly unheard of positive vs. negative commentary ratio of 18:1 right now.” Santiment revealed that for every 18 bullish comments on Solana price, there was only 1 bearish comment, suggesting traders anticipate a rebound. Solana Social Sentiment As the market sentiment flips positive, Solana price can extend its gains, and possibly reclaim its previous record highs. Ghibli Meme Coin Frenzy May Fuel SOL Rally Besides the positive market sentiment, the other factor that could drive a 96% rally for Solana price is the Ghibli meme coin frenzy. This meme coin is inspired by OpenAI’s recently launched image generation feature for ChatGPT that has received much attention including from Elon Musk. The largest Ghibli-themed meme coin dubbed Ghiblification has seen its price surge by more than 2,600% barely 24 hours after launch. According to DexScreener, this meme coin has attained an $18M market cap. Additionally, volumes on PumpFun have nearly doubled in the last three days according to DeFiLlama. This suggests a return of meme coin activity on Solana. Meme coins have been a major catalyst for Solana price growth. Earlier this year, SOL surged to an all-time…
Filed under: News - @ March 27, 2025 10:18 pm