Solana rally continues as it eyes $300; Tron and new popular meme coin surge
The post Solana rally continues as it eyes $300; Tron and new popular meme coin surge appeared on BitcoinEthereumNews.com.
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Solana, Tron, and Cutoshi gear up for major moves, with whale activity boosting SOL, TRX nearing breakout levels, and Cutoshi transforming MemeFi with its smart ecosystem. Solana (SOL) appears ready for the next leg up as large buyers continue to snipe the bottoms and add more SOL to their already massive positions. Meanwhile, Tron (TRX) and Cutoshi (CUTO) are also teasing new breakouts that could send them soaring in the upcoming weeks. Cutoshi, in particular, has been capturing the attention of crypto veterans and meme enthusiasts. With its revolutionary MemeFi ecosystem, Cutoshi could soon redefine the entire meme coin space and become one of the hottest plays of 2025. Solana is consolidating just below the $240 resistance. Solana continues to play a protagonist role in the current crypto market with its $113 billion market cap that puts it at the 5th place on the crypto totem pole. Solana has been range bound over the past two weeks after it reached a new all-time high of $263. Following a retracement, Solana revisited lower levels and every dip was scooped, showing sustained buyer interest. On-chain tracker Lookonchain has drawn attention to a significant surge in whale activity over the week. 4 large Solana wallets have withdrawn around 185,000 SOL tokens from Binance, worth approximately $42 million. Moreover, Solana continues to benefit immensely from the ongoing meme season, as its meme coin factory is working overtime, with tens of new projects launching every day. Although their utility is questionable, to say the least, it’s undeniable that this euphoria is funneling insane revenue numbers back into Solana’s ecosystem. This is also significant for meme coins that provide a real use case, such as…
Filed under: News - @ December 9, 2024 8:24 am