MoonPay Launches Solana Staking as PENGU Hits All-Time High – Is Snorter the Next Big Thing?
- MoonPay Shakes Up Solana Staking With User-Friendly 8.49% Yield
- Solana's Institutional Adoption Heats Up
- PENGU's Rollercoaster Ride to Glory
- Snorter Token: The Dark Horse?
- Solana's Perfect Storm
- FAQs
MoonPay's new liquid staking service offers 8.49% APY on SOL, while meme coin PENGU surges 300% to a historic peak. Meanwhile, newcomer Snorter Token ($NORTER) gains traction with its Telegram trading bot, nearing $2.5M in funding. Here's why Solana's ecosystem is stealing the spotlight in July 2025.
MoonPay Shakes Up Solana Staking With User-Friendly 8.49% Yield
MoonPay's solana staking announcement. Source: X.com
In what CEO Ivan Soto-Wright calls a "traditional savings account meets blockchain," MoonPay now lets users stake SOL with just $1 and earn mpSOL tokens that compound rewards every 48 hours. Unlike rigid staking models, withdrawals are instant - a game-changer for retail investors in Brazil and other supported regions. The 8.49% APY puts MoonPay in direct competition with Marinade and Jito, though their no-lockup approach might just give them an edge.
Solana's Institutional Adoption Heats Up
SOL's price surge above $180 isn't just retail-driven. Click Holdings Limited recently pledged $100M to Solana, fueling speculation it could overtake BNB's market cap soon. "We're seeing institutions treat SOL like tech stocks in 2021," noted a BTCC analyst. Trading volume spiked 47% this week alone, per CoinGecko data.
PENGU's Rollercoaster Ride to Glory
PENGU's price action on CoinGecko. Source: CoinGecko
From January's launch at $0.4284 to April's brutal dip at $0.0038, Pudgy Penguins' PENGU token looked doomed. But Solana's summer rally changed everything - a 300% explosion sent it to $0.4286 on July 23. "Meme coins live and die by network effects," observes crypto trader @SolanaSniper. "PENGU's NFT community gave it staying power."
Snorter Token: The Dark Horse?
Snorter's trading interface. Source: Official Website
Snorter Token ($NORTER) is making waves with its Telegram bot that scans Solana for promising meme coins. Priced at $0.0991, it offers staking rewards and claims lower fees than competitors. Having nearly hit $2.5M in funding, some wonder if it'll follow PENGU's trajectory. "The timing's perfect," says developer Liam Chen. "Solana's activity makes tools like this essential."
Solana's Perfect Storm
Between MoonPay's staking, PENGU's resurgence, and innovative projects like Snorter, Solana's ecosystem is firing on all cylinders. With institutional money flowing in and retail traders chasing the next 100x meme coin, this could be just the beginning. As always in crypto, DYOR - this article doesn't constitute investment advice.
FAQs
What's MoonPay's Solana staking APY?
MoonPay currently offers 8.49% annual yield on SOL staking through their liquid staking product.
How high did PENGU token reach?
PENGU hit its all-time high of $0.4286 on July 23, 2025, according to CoinGecko data.
Where can I trade Snorter Token?
$NORTER is available on several decentralized exchanges within the Solana ecosystem, including BTCC.
