Solana Eyes $400 Target as Pump.fun Meme Coin Frenzy Drives 40% Monthly Surge ⋆ ZyCrypto
The post Solana Eyes $400 Target as Pump.fun Meme Coin Frenzy Drives 40% Monthly Surge ⋆ ZyCrypto appeared on BitcoinEthereumNews.com.
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  Attention is shifting back to Solana, not for a technical upgrade or an ecosystem milestone, but due to a surge in activity driven by the launch of meme coins on the Solana-based platform. As retail interest spikes, market watchers are asking whether this momentum could realistically push SOL’s price toward the elusive $400 mark. Pump.fun, a platform enabling low-cost, instant launches of meme coins via bonding curves, has become a phenomenon. Bonding curves establish a direct, algorithmic relationship between a token’s supply and its price, ensuring that as more tokens are purchased, the price increases. The surge in token creation directly correlates with increased Solana usage. Artemis XYZ reported that Solana processed a million transactions per day during the first week of July. That’s more than Ethereum, Arbitrum, Optimism, Base, and Avalanche combined. Advertisement
  According to DeFiLlama, Pump.fun itself has generated over $60 million in fees for Solana over the past three months, making it one of the highest contributors to on-chain activity and revenue. As of July 15, 2025, SOL trades around $161, according to CoinGecko. That’s up nearly 40% over the past 30 days and more than 65% year-to-date. SOLUSD: source CoinGecko Analysts suggest that the current price movement is closely tied to speculative activity and rising fees, rather than long-term fundamentals. There is a sharp concentration of traffic in meme assets, which exhibit high volatility and short shelf lives. Market dominance has improved. Solana now commands 7.36% of the total crypto market cap, up from 3.9% at the start of the year, according to CoinMarketCap. The current Pump.fun frenzy has drawn comparisons to the 2017 Ethereum ICO boom. But there are differences. ICOs in 2017 often required coding, legal preparation, and marketing. Technically, yes. Fundamentally, less clear. Solana would need a…
Filed under: News - @ July 16, 2025 2:29 pm