Solana has experienced a significant uptick in activity over the past week, driven by substantial asset inflows and a renewed emphasis on established meme coins that continue to lead in trading volumes and attract investor interest.
Recent on-chain data from Artemis and deBridge shows that over $125 million worth of assets were bridged into Solana from other blockchains in the past seven days.
REPORT: In the last 7 days, over $125 million bridged from other chains to @Solana, including $70 million+ from Ethereum alone.
(A growth of nearly 40% compared to last week) pic.twitter.com/jMVTiJZ8jr
— SolanaFloor (@SolanaFloor) July 14, 2025
Ethereum Drives $70M Boost in Solana Liquidity as Meme Coin Hype Wanes
The liquidity revival in Solana is largely attributed to Ethereum, which accounted for more than $70 million of the total inflows, making up nearly 56% of the volume. Following Ethereum were Arbitrum with $14.1 million, Polygon contributing $7.5 million, and BNB Chain at $2.6 million. Remaining contributions totaled $4.2 million from smaller chains.
The bridged volume into Solana has seen an almost 40% increase week-over-week, with Ethereum-to-Solana transactions emerging as the leading conduit. Data from deBridge reveals that $31 million in assets transferred specifically from Ethereum to Solana.
Source: solscan
This shift in capital appears to be linked to a slowing of the previously explosive meme coin launch phenomenon. Last week, Solana saw only 322,000 new token launches, a notable decline from earlier binge periods, suggesting a trend towards established projects rather than new entries.
During the recent competition between LetsBONK and Pump.fun, token activity has been relatively subdued, with LetsBONK launching 1,243 tokens—twice the number of Pump.fun’s 622—and a substantial 130,605 new tokens compared to Pump.fun’s 77,250.
As the frenzy around new meme coins wanes, older Solana-based meme tokens are witnessing a resurgence in interest.
Traders are increasingly reallocating liquidity into familiar assets such as Pepe (PEPE), Shiba Inu (SHIB), Dogecoin (DOGE), Bonk (BONK), and Pudgy Penguins (PENGU), indicating a preference for established tokens over newer, untested options.
Source: Finance Newso
PEPE has enjoyed a notable 23.73% gain in market capitalization over the last week, now trading at $0.00001217. Its trading volume over the past 24 hours reached $5.87 billion, reflecting a 78.50% rise from the previous day, and pushing its market cap to $5.12 billion.
Shiba Inu (SHIB), the second-largest meme token by market capitalization, is also gaining momentum, trading at $0.00001329 with a weekly increase of 14.9% and a slight 0.6% rise in the last 24 hours. Its market cap now stands at $7.83 billion, making it the 23rd largest token by market value.
Dogecoin (DOGE), the biggest meme coin by market cap, is trading at $0.1982, having climbed 18.5% over the past week, achieving a market cap of over $8.06 billion.
Bonk (BONK) has attracted significant attention, witnessing a price increase of 70% over the last ten trading sessions and currently priced at $0.00002719, marking a 6.27% rise in the past 24 hours, with a market cap now at $1.465 billion after gaining 33.9% over the week.
Pudgy Penguins (PENGU) has also made a notable comeback, with a 48.2% increase in market value over the last week, bringing its market cap to $1.918 billion. The surge was reportedly boosted by a surprise endorsement from TRON founder Justin Sun on social media, which captured investor interest.
Taken together, these developments suggest a broader trend of capital flowing back into well-known meme coins, as traders seek consistency and momentum in a market crowded with numerous new tokens.
Solana Tops Revenue in Q2 with $271M, Outperforming Ethereum, Bitcoin, and Tron
Meanwhile, Solana is outperforming its competitors in key metrics. The blockchain generated over $271 million in revenue in Q2 2025, surpassing Ethereum, Tron, and Bitcoin for the third consecutive quarter, as reported by Blockworks.
REPORT: In Q2 2025, @Solana surpassed all L1 & L2 chains in network revenue, its 3rd consecutive quarter leading all chains.
– Revenue: $271 million+ pic.twitter.com/ThpsVv97w5
— SolanaFloor (@SolanaFloor) July 7, 2025
Transaction volume surged 32% last week, reaching 590 million, outstripping the combined activity of Ethereum, BNB Chain, and Polygon. Active addresses on the platform increased to 24.4 million, while fee revenue rose 44% to $7.68 million.
The excitement is further fueled by speculation surrounding potential Solana ETFs. Data from Polymarket indicates that traders believe there is a 99% probability that the U.S. Securities and Exchange Commission will approve a spot Solana ETF by the end of 2025.
Bloomberg ETF analysts have sharply raised expectations for U.S. approval of spot funds tracking Solana, Litecoin, and XRP.#ETFs #XRPhttps://t.co/dKK2ZIbW8c
— Finance Newso.com (@Finance Newso) July 1, 2025
Several key firms, including VanEck, Grayscale, 21Shares, and Bitwise, have submitted applications, highlighting strong institutional interest.
Bloomberg ETF analyst James Seyffart remarked, “We’re anticipating a wave of new ETFs in the second half of the year. Solana is clearly at the forefront of that discussion.”
Presently, Solana (SOL) is trading at $162.19, marking a 9.5% increase over the past week. The token has also seen a substantial rise in trading activity, with a 24-hour volume of $14.4 billion, reflecting an impressive increase of 133.4% from the previous day.
Source: Finance Newso
On July 12, analyst Ali Martinez provided a positive outlook for Solana, pointing out a cup-and-handle pattern forming on the weekly chart, which often signifies a forthcoming bullish rally.
This is a critical level for Solana $SOL. A weekly close above $170 could ignite the next major bull run and open the gates to $2,000! pic.twitter.com/JjTaRdUL4h
— Ali (@ali_charts) July 12, 2025
This pattern suggests Solana has rebounded from previous lows around $9.88 after a multi-year rise from its former peak of approximately $250, with the current price action indicating the “handle” part of the pattern.
Martinez highlighted $170 as a key resistance level, suggesting that a confirmed breakout above this threshold, particularly with a weekly close, could validate the pattern and lead to a significant upward movement.
Potential price targets based on Fibonacci projections include $295 (a retest of the all-time high), with longer-term targets ranging from $787, $1,314, and even up to $2,744.
However, failure to breach $170 may result in a pullback toward $135 or even $100, both of which have historically served as robust support levels.
The post Solana Sees $125M Surge as New Token Hype Fades—Old Meme Coins Back in Play? appeared first on Finance Newso.
