Solana News Today: Alliance Games REI Network Useless Coin Surge 47.13%–55.69% on Listings AI Partnerships Memecoin Hype

Three altcoins—Alliance Games (COA), REI Network (REI), and Useless Coin (USELESS)—are experiencing short-term price surges amid broader market uncertainty, driven by strategic partnerships, exchange listings, and speculative demand. The tokens, each with market caps above $5 million, have attracted attention through catalysts such as airdrops, AI integrations, and memecoin dynamics, despite Bitcoin’s dominance hovering near 60.5%. Their trajectories, however, highlight the high-risk, high-reward nature of the current altcoin landscape [1].

Alliance Games’ COA token surged 47.13% in 24 hours following its July 23 listings on Binance Alpha and Bitget, paired with a 1,500 COA airdrop. The campaign drove a 78% rise in trading volume to $6.75 million, though the 24-hour volume now accounts for 122% of its market cap, signaling intense speculative activity. While the token has seen a 78% weekly gain, it remains down 56.64% for the month, raising concerns about sustainability. Sustained momentum will depend on Bitget’s upcoming community incentives and whether post-airdrop volume holds [1].

REI Network’s REI token climbed 55.69% in a day and 60.15% weekly, fueled by partnerships with AI social app Metya (8.5 million users) and on-chain gaming platform Adventure Layer. Daily volume spiked 786% to $186.5 million, with the relative strength index hitting 80—a common indicator of overbought conditions. As a zero-fee, EVM-compatible chain, REI is positioned to capitalize on Web3 gaming and AI trends. However, its 30-day gain of 86% suggests a risk of short-term exhaustion. A July 30 Korean community event will be critical for maintaining traction [1].

Useless Coin (USELESS), a Solana-based memecoin, rose 27.9% in 24 hours and 37.36% for the week, driven by LetsBONK’s 1% buyback pledge. With daily trading volume at $56.77 million and a 30-day surge exceeding 200%, the token has benefited from Solana’s ongoing 10% ecosystem rally. Its volume-to-market cap ratio of 14.5% reflects strong retail liquidity. Upcoming Solana farms on PancakeSwap, launching July 25, could further amplify speculative interest [1].

The altcoin rally underscores the influence of exchange incentives, AI-driven use cases, and memecoin narratives in the current market. However, the volatile metrics—such as high volume-to-market cap ratios—suggest these gains are likely to be short-lived unless underpinned by long-term adoption or technological advancements. Investors are advised to monitor key events like REI’s Korean community event and Solana’s farm launches for potential catalysts, while remaining cautious about overbought signals and pump-and-dump risks [1].

Source: [1] [Alliance Games, REI Network, and Useless Coin Are Showing Bullish Momentum] [https://coindoo.com/alliance-games-rei-network-and-useless-coin-are-showing-bullish-momentum/]