Solana Nears $75 as Weekly Gains Hit 16%
By Alphacino Editorial Team ·
Quick Take
SOL is up as much as 16% this week and testing the $75 level as on-chain activity hits new highs.
SOL is making a run at $75 this week, with the token up as much as 16% over the past seven days — outpacing basically every other large-cap crypto in the process. The move comes on the back of two things stacking on top of each other: a broader risk-on shift after Fed Chair Kevin Warsh signaled inflation is cooling, and a genuine surge in on-chain activity that pushed Solana's daily active addresses toward a fresh 4.7 million milestone.
Bitcoin cleared $60,000 on the Warsh comments, dragging ether, dogecoin, and SOL higher with it. But Solana's move looks less like a beta play on BTC and more like its own story — network usage has been climbing for weeks, and traders are watching $75 as the next real test of strength. Clear it with volume and the chart opens up toward levels not seen in months.
There's a catch, though: July brings a wave of token unlocks that could put fresh sell pressure on the market right as SOL tries to break out. Whether Solana's on-chain strength is enough to absorb that supply is the real question for the next few weeks. So far, fundamentals have been winning the argument — active addresses and transaction counts don't lie, and neither does capital rotating back into the ecosystem.
For meme coin traders, a strong SOL macro backdrop matters more than most people give it credit for. Rising SOL price and rising network activity tend to translate directly into more liquidity sloshing around pump.fun and Raydium, which means more attention (and more capital) for the meme coins riding on top of the chain. When Solana runs, the whole ecosystem tends to run with it.
Stay ahead of Solana meme coin moves at alphacino.io