Solana Meme Coin Surge
Solana (SOL) meme coins experienced a remarkable surge, significantly outperforming the broader cryptocurrency market. This rally follows Bitcoin's rise above $100,000, boosting investor appetite for speculative assets. The increased trading activity also impacted PumpFun, a meme coin launchpad, pushing its volume to a two-month high.
Solana Meme Coin Market Cap Soars
CoinGecko data reveals a 32% surge in the total market capitalization of Solana meme coins within 24 hours, reaching $12.46 billion. Most coins in the top ten saw double-digit percentage gains.
This heightened interest in Solana meme coins fueled increased Decentralized Exchange (DEX) volumes on the PumpFun launchpad. DeFiLlama data shows a $168 million trading volume in the last 24 hours—the highest since mid-February 2025.
Three coins led this rally: Moo Deng (MOODENG), Bonk Coin (BONK), and Fartcoin (FARTCOIN).
MOODENG: A 150% Price Rocket
MOODENG’s price soared by 150% in 24 hours, reaching a three-month high of $0.126. Trading volume exploded by an astounding 1,700%, reaching $648 million (CoinMarketCap data).
This dramatic increase suggests strong buying pressure. While the Relative Strength Index (RSI) hitting 88 indicates potential overbought conditions and a possible reversal, the overall market risk appetite might sustain further gains.
BONK Targets $0.000039
BONK, a prominent Solana meme coin, gained 20% in 24 hours, trading at $0.0000219. Trading volume increased by over 300% to nearly $1 billion.
This breakout from an ascending parallel channel points towards a potential price target of $0.000039 (its 2025 high). The Average Directional Index (ADX) supports this bullish outlook.
FARTCOIN: Open Interest Reaches ATH
FARTCOIN, a strong performer in April 2025, continued its momentum in May. A 23% price surge in 24 hours, reaching an intraday high of $1.38, made it a top Solana meme coin performer. Open interest hit an all-time high of $645 million (Coinglass data).
Further price increases are possible if SOL surpasses $200.
Summary
The Solana meme coin frenzy might continue as Bitcoin’s rally above $100,000 and Ethereum’s surge past $2,000 fuel expectations of an altcoin season. MOODENG, BONK, and FARTCOIN stand out due to their high trading volumes and notable price gains.
Disclaimer:
This information is for educational purposes only and not financial advice. Market conditions are volatile. Conduct thorough research before investing.