Solana-based tokens like POPCAT and WIF surged more than 25%, while smaller tokens MUMU and CATDOG were up 30%, contrasting with declines in major memecoins on other blockchains.
Solana network volumes doubled to over $3.3 billion, showing increased activity. The SOL token rebounded from its recent losses, rising 7.5% and instilling renewed confidence in the market.
The anticipated SOL ETF indicates growing confidence and mainstream adoption, with investors optimistic about SOL's resilience and innovations in the crypto space.
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