Solana's native token, SOL, has gained over 13% this week, driven by the demand for meme coins on the Solana blockchain.
Traders with influential X accounts have shifted focus to Solana's meme coin ecosystem, promoting their recommended tokens.
Meme coins like GOAT, APU, FWOG, SPX, and TRUMP have rallied significantly on Solana, increasing the demand for SOL.
Solana's network activity, measured by total value locked (TVL), has surpassed other chains like BNB Chain and Ethereum, indicating potential for SOL's price to reach $180.