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Solana has struggled to keep its head afloat as the volatility rages through the cryptocurrency market. While the token briefly passed the $200 level, it has since succumbed to bearish pressures and now trades under. Within the same period, Solana’s market capitalization passed $107 billion.
Despite the pullback in its price, activity on Solana remains strong, riding on ETF-driven momentum and whale inflows. Meanwhile, BONK, Shiba Inu, and PEPE have pushed cryptocurrency trading volumes as investors’ activity in the tokens increased.
Besides these crypto giants, MAGACOIN FINANCE has emerged as a standout altcoin as investors search for the next meme-driven trend.
Meme Coins Push Network Demand
BONK remains central to Solana’s momentum. Trading volume spiked 210% this week. A one trillion token burn is nearing completion, tightening supply and boosting sentiment.
Shiba Inu has leaned on Shibarium. Burns are accelerating. Whales pulled over four trillion SHIB from exchanges this month, signalling long-term conviction.
PEPE gained traction with NFT collaborations and whale buys. Listings and Layer-2 efforts added to the hype. These moves kept liquidity high and kept Solana fees climbing.
Analyst Outlook on Solana
Analysts track near-term resistance at $208 and $217. A breakout could push SOL toward $225 or higher in September. Year-end targets remain in the $300–$500 zone if ETF approvals advance.
Whales continue to accumulate as exchange reserves drop. Both signals point to stronger support levels, which analysts say indicate a possible upside play. As the market recovers, BONK’s burn, SHIB’s upgrades, and PEPE’s listings may give Solana a competitive edge.
MAGACOIN FINANCE Earns Investors’ Spotlight
As leading cryptocurrencies come under pressure, investors are rotating to MAGACOIN FINANCE as a high-upside play. The project, which first gained attention for its roadmap and transparent model, has broken into the crypto market as a worthy breakout contender.
On-chain data shows a swell in MAGACOIN FINANCE’s transaction volume. Chatter in the market is that demand for the project is fast outpacing supply. What that signals to smart investors is that the project is getting all the attention it needs to position itself ahead of the upcoming bull cycle. For many, MAGACOIN FINANCE is the high-upside play to hold right now.
Conclusion
Solana’s rally is fueled by both institutional demand and meme activity. BONK, SHIB, and PEPE each added liquidity and visibility this week as investors show renewed confidence in the meme coins.
However, the project getting all the attention is MAGACOIN FINANCE. Analysts say its cultural energy and surging adoption position it as a token to accumulate before the market recovers.
To learn more about MAGACOIN FINANCE, visit:
Website: https://magacoinfinance.com
Twitter/X: https://x.com/magacoinfinance
Telegram: https://t.me/magacoinfinance
Source: https://en.bitcoinsistemi.com/solana-hits-198-bonk-shiba-and-pepe-fuel-weekly-meme-volume-rally/