The post Solana Meme Coin Presale to Watch as SOL Price Nears $200 appeared on BitcoinEthereumNews.com.

Solana’s ecosystem is witnessing a remarkable resurgence, marked by surging token prices and an explosion in decentralized app (dApp) activity. The blockchain is reestablishing itself as a leading protocol in the space, recently recording its strongest quarter in over a year. Total application revenue reached $1.2 billion—an impressive 20% increase from the $970.5 million generated in the previous quarter. January alone contributed nearly 60% of that revenue, driven in large part by the rapid rise of meme coins like $TRUMP and $MELANIA, which reached new all-time highs. Solana’s native token has performed impressively, rebounding from lows around $105 to recent highs of $186, before experiencing a minor pullback to its current value of $174. It is now approaching a crucial demand zone near $165, which aligns with key psychological support levels in broader market sentiment, particularly Bitcoin’s price action. Despite ongoing volatility and profit-taking at Bitcoin’s recent highs, market sentiment remains far from euphoric. The Fear and Greed Index continues to hover in the ‘Greed’ zone, indicating that there may still be substantial room for further growth. As a result, Solana is emerging as one of the most promising blockchain ecosystems heading into the next bull run. Source – ClayBro on YouTube Increased trading volume and expanding revenues further support this bullish outlook. This growing activity, while bullish, has also exposed some of the network’s scalability challenges. Solana has previously experienced significant congestion during periods of peak demand, as seen in March 2024 and again from December 2024 into early 2025. Transactions slowed, fees spiked, and many users faced failed interactions. In response, a new solution is emerging in the form of Solaxy, the first layer-2 blockchain designed for Solana. Solaxy promises to alleviate network congestion through scalable infrastructure while also capturing meme coin virality and offering multi-chain compatibility. Why…

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Filed under: News - @ May 24, 2025 8:24 am