- Solana’s stablecoin holdings surge to $9.8 billion, nearing the $10 billion milestone.
- Memecoin trading, especially Trump-themed, fuels Solana’s growth and market influence.
- Analysts predict 12.8x growth in Solana’s value, with a potential $1 trillion market cap.
Solana is bouncing back from its recent network downtime with a remarkable surge in stablecoin activity. According to DefiLlama, over $3 billion poured into Solana’s stablecoin reserves within just four days, pushing its total holdings to nearly $10 billion.
This spike underscores Solana’s scalability and appeal, especially with the growing adoption of memecoins linked to high-profile figures such as Donald Trump. The blockchain’s ability to handle surging transaction volumes has made it an attractive option for developers and traders alike.
Memecoins Drive Solana’s Stablecoin Activity
The rise in Solana’s stablecoin use is largely tied to trading pairs involving memecoins, particularly those connected to Donald Trump. Over the past week, USDT on Solana grew to $1.6 billion, while USDC holdings climbed to $7.7 billion, marking a 50% surge for both.
Related: Trump Coin Surge: Solana-Based Meme Coins to Watch for 50% Gains
This increase highlights the broader trend of stablecoin adoption within Solana’s ecosystem. The network’s ability to support cost-efficient and fast transactions has attracted significant attention from investors and developers engaged in memecoin trading.
Additionally, Solana’s total value locked (TVL) surpassed the $10 billion mark for the first time since the FTX collapse. This milestone signals a robust recovery and growing confidence among investors in the blockchain’s long-term potential.
Solana’s Future: 12.8x Growth in 90 Days?
Crypto analyst Kook Capital projects that Solana could experience a 12.8x growth in market value within the next 90 days. If realized, this would push Solana’s market capitalization to $1 trillion, with speculation pointing to the potential introduction of a Solana-based ETF or its designation as a new reserve asset.
Related: Memecoins and Institutional Backing Fuel Solana’s Growth in 2025
Kook Capital also noted the potential influence of upcoming Trump-themed tokens, such as Elon Coin, which could drive further growth in Solana’s ecosystem.
The excitement surrounding Solana’s prospects has fueled speculation, with many anticipating the blockchain will continue attracting users and developers seeking innovative opportunities in the crypto market.
As of press time, the current price of Solana is $257.12, with a 24-hour trading volume of $8.12 billion. Solana has risen by 6.69% in the past 24 hours.
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