{"id":2252,"date":"2026-07-03T22:56:06","date_gmt":"2026-07-03T22:56:06","guid":{"rendered":"https:\/\/xrpfaucet.site\/?p=2252"},"modified":"2026-07-03T22:56:06","modified_gmt":"2026-07-03T22:56:06","slug":"sol-rises-above-83-as-solanas-network-activity-increases","status":"publish","type":"post","link":"https:\/\/xrpfaucet.site\/?p=2252","title":{"rendered":"SOL rises above $83 as Solana&#8217;s network activity increases"},"content":{"rendered":"<p><\/p>\n<div data-testid=\"post__body\">\n<p><strong>Main conclusions:<\/strong><\/p>\n<ul class=\"list-bullet\">\n<li class=\"\" style=\"\" value=\"1\">Solana&#8217;s tokenized assets and the resurgence of memecoins pushed SOL to a 30-day high of $83.<\/li>\n<li class=\"\" style=\"\" value=\"2\">Appetite for bullish leverage has cooled sharply, suggesting traders are hesitant to bet on a further rally to $90.<\/li>\n<\/ul>\n<p>On Friday, Solana&#8217;s SOL token jumped to a more than 30-day high of $83, marking a breakaway from the altcoin market. The SOL rally was fueled by a spike in Solana tokenized trading volume, an influx of stablecoin liquidity, and an unexpected return of memecoin activity. Can SOL regain the $90 level?<\/p>\n<p><figure><img alt=\"\" src=\"https:\/\/s3-images.ctmedia.io\/media\/content\/pasted-image-1866.png\" width=\"896\" height=\"340\" data-original=\"https:\/\/s3-images.ctmedia.io\/media\/content\/pasted-image-1866.png\" loading=\"lazy\" decoding=\"async\"\/><\/figure>\n<\/p>\n<p style=\"text-align: center;\"><em>Total altcoin market cap, USD (left) vs. SOL\/USD (right). Source: TradingView<\/em><\/p>\n<p>SOL&#8217;s growth spurt began on June 23, coinciding with cumulative transfers of tokenized shares to Solana exceeding $10 billion. SpaceX&#8217;s launch of Backpack trading shares has fueled Solana&#8217;s use of decentralized finance (DeFi). In contrast, the broader altcoin market continued its downtrend, hitting its lowest level since December 2023.<\/p>\n<p><figure><img alt=\"\" src=\"https:\/\/s3-images.ctmedia.io\/media\/content\/pasted-image-1867.png\" width=\"896\" height=\"311\" data-original=\"https:\/\/s3-images.ctmedia.io\/media\/content\/pasted-image-1867.png\" loading=\"lazy\" decoding=\"async\"\/><\/figure>\n<\/p>\n<p style=\"text-align: center;\"><em>Net flows of tokenized assets for 30 days without stablecoins, USD. Source: RWA.xyz<\/em><\/p>\n<p><a href=\"https:\/\/cointelegraph.com\/markets\/solana-captures-95-of-tokenized-equity-as-sol-bottom-debate-grows\"><span style=\"text-decoration: underline;\">Tokenized assets<\/span><\/a>    at the Solana network rose to a record high of $3.5 billion on Wednesday, up from $2.7 billion a month earlier. Recent gains have been driven by corporate credit tokens and stock market indexes such as the S&#038;P 500 and Nasdaq-100. According to data from RWA.xyz, Solana leads the tokenized industry with 294,274 active addresses, followed by Ethereum with 204,955.<\/p>\n<h2>Memecoin, a surge in prediction markets could push SOL to $90<\/h2>\n<p>The Black Bull (ANSEM) memcoin airdrop on Sunday renewed interest in the sector. On Tuesday, the token launched on Pump.fun reached a market capitalization of $60 million. An anonymous developer sent about 65% of the supply to the public wallet of crypto-influencer Ansem. The rollout lacked transparency, but 74,000 addresses were covered in the first 3 days.<\/p>\n<p><figure><img alt=\"\" src=\"https:\/\/s3-images.ctmedia.io\/media\/content\/pasted-image-1868.png\" width=\"896\" height=\"313\" data-original=\"https:\/\/s3-images.ctmedia.io\/media\/content\/pasted-image-1868.png\" loading=\"lazy\" decoding=\"async\"\/><\/figure>\n<\/p>\n<p style=\"text-align: center;\"><em>Best performance of Solana tokens in 7 days. Source: CoinRanking<\/em><\/p>\n<p>Several memcoins on Solana rose amid the memcoin airdrop, but the biggest winner was <a href=\"https:\/\/cointelegraph.com\/news\/pumpfun-bounty-platforms-funds-memecoin-tattoos-world-cup-skydives\"><span style=\"text-decoration: underline;\">Platform Pump.fun<\/span><\/a>    token (PUMP). The weekly gain of 27% was enough to bring PUMP back into the top 100 crypto rankings with a market cap of $630 million. Memecoin ANSEM extended its gains on Friday, reaching an all-time high of $112 million in market capitalization.<\/p>\n<p>The launch of global prediction markets integrated into the Phantom wallet has fueled expectations of increased Solana activity. The project has raised almost $890,000 in total over two days and aims to compete with the hugely successful Polymarket amid the World Cup betting frenzy. Jupiter also introduced its prediction markets in a beta test on June 29.<\/p>\n<p><em><strong>On the subject: <\/strong><\/em><a href=\"https:\/\/cointelegraph.com\/news\/us-dominates-polymarket-political-bets-despite-geoblock\"><span style=\"text-decoration: underline;\"><em><strong>US dominates political stakes on Polymarket despite geoblocks &#8211; Report<\/strong><\/em><\/span><\/a><\/p>\n<p><figure><img alt=\"\" src=\"https:\/\/s3-images.ctmedia.io\/media\/content\/pasted-image-1869.png\" width=\"896\" height=\"291\" data-original=\"https:\/\/s3-images.ctmedia.io\/media\/content\/pasted-image-1869.png\" loading=\"lazy\" decoding=\"async\"\/><\/figure>\n<\/p>\n<p style=\"text-align: center;\"><em>SOL Perpetual Futures Funding Annual Rate. Source: Laevitas<\/em><\/p>\n<p>Appetite for leveraged positions has waned significantly since Wednesday, when SOL broke above $75 for the first time in 30 days. The annual SOL futures funding rate fell to 3% on Friday from a peak of 11% two days earlier. In a neutral environment, the rate should range from 6% to 12% to offset the cost of capital.<\/p>\n<p>Investors are uncomfortable betting on SOL&#8217;s rally to $90 against only a temporary backdrop <a href=\"https:\/\/cointelegraph.com\/learn\/pump-fun-go-bounty-memecoin-risks\"><span style=\"text-decoration: underline;\">demand for memecoins<\/span><\/a>    surge In the absence of sustained demand for blockchain activity, there are no obvious factors contributing to further widening the performance gap between SOL and the rest of the altcoins.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Main conclusions: Solana&#8217;s tokenized assets and the resurgence of memecoins pushed SOL to a 30-day high of $83. Appetite for bullish leverage has cooled sharply, suggesting traders are hesitant to bet on a further rally to $90. On Friday, Solana&#8217;s SOL token jumped to a more than 30-day high of $83, marking a breakaway from &hellip;<\/p>\n","protected":false},"author":1,"featured_media":2253,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10],"tags":[],"class_list":["post-2252","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/xrpfaucet.site\/index.php?rest_route=\/wp\/v2\/posts\/2252","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/xrpfaucet.site\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/xrpfaucet.site\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/xrpfaucet.site\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/xrpfaucet.site\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2252"}],"version-history":[{"count":0,"href":"https:\/\/xrpfaucet.site\/index.php?rest_route=\/wp\/v2\/posts\/2252\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/xrpfaucet.site\/index.php?rest_route=\/wp\/v2\/media\/2253"}],"wp:attachment":[{"href":"https:\/\/xrpfaucet.site\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2252"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/xrpfaucet.site\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2252"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/xrpfaucet.site\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2252"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}