Solana News Today: Meme Coins Surge 7.2% Led by FLOKI 32.8% Gain Amid Altseason Hype

Meme coins have experienced a significant surge in the past 24 hours, with an overall increase of 7.2%. Leading this rally are FLOKI, which jumped by 32.8%, Bonk with a 16.2% increase, and Fartcoin, which saw a 23.5% gain. Other notable performers include Dogecoin, up 7.4%, Shiba Inu, up 5.5%, and Pepe, up 6%. This surge is part of a broader bullish sentiment in the crypto market, driven by the anticipation of an incoming altseason and renewed momentum behind the pro-crypto GENIUS Act in the U.S.

The total market capitalization of meme coins now stands at $79.87 billion. FLOKI, in particular, has seen a 42% rise over the past week, with its market cap reaching $1.28 billion. The coin's 24-hour trading volume exploded by over 402%, fueled by community hype and FOMO across social platforms. Bonk, a Solana-based meme coin, has gained nearly 69% over the week, with its market cap nearing $3 billion. Its surge is closely tied to Solana’s increasing DeFi activity and broader bullish pressure. Fartcoin, despite its light fundamentals, has seen an eye-popping 23.5% daily gain, becoming a hot topic in crypto trading chats.

Pudgy Penguins, however, has dipped by 8.4% in the last 24 hours. This correction follows a remarkable 217.3% gain over the past month, making it one of the top-performing meme assets. Despite the recent pullback, Pudgy Penguins remains a strong contender in the meme coin space, particularly if it maintains its community momentum.

The broader crypto market is also experiencing significant gains. Bitcoin recently touched $123K, gaining 6.8% over the past week. Ethereum surged by nearly 25%, while XRP exploded by 32.9%. Cardano, Solana, and Dogecoin also saw notable increases, with Cardano leading the pack with a 29.5% rise. This bullish sentiment is indicative of a potential altseason, where capital is moving away from Bitcoin dominance and into altcoins and high-risk, high-reward meme tokens. The Fear and Greed Index hovering around 70–74 further supports growing investor confidence in the market.

The surge in meme coins like FLOKI and Bonk can be attributed to a combination of bullish market sentiment, the rise of altseason, and regulatory developments. The explosive volume spikes and strong community support for these coins have contributed to their recent performance. As the crypto market continues to heat up, meme coins are likely to remain a focal point for investors seeking high-risk, high-reward opportunities.