Traders Pour $770 Million into Solana (SOL) and Snorter – Here’s Why These Assets Could Skyrocket
- Why Are Traders Betting Big on Solana and Snorter?
- Institutional Money Floods In
- Technical Analysis: Where Could SOL and Snorter Go Next?
- Risks to Consider
- Community Hype vs. Fundamentals
- Exchange Listings Fuel the Fire
- Historical Context: Meme Coins That Went Mainstream
- What’s Next for Investors?
- FAQs: SOL and Snorter Mania
– The crypto market is buzzing as traders aggressively accumulate Solana (SOL) and the meme coin Snorter, with a staggering $770 million in inflows recorded this week. Analysts point to bullish technical setups, institutional interest, and a surge in decentralized app (dApp) activity on Solana as key drivers. Meanwhile, Snorter’s viral community growth and exchange listings—including BTCC—have fueled its rally. Let’s break down the data and trends behind this frenzy.
Why Are Traders Betting Big on Solana and Snorter?
Solana’s SOL token has surged 28% this month, outpacing Ethereum’s 9% gain, according to CoinMarketCap. The network’s throughput (65,000 TPS) and low fees ($0.0001 per transaction) continue to attract developers. "Solana’s ecosystem is maturing—just look at the 40% quarter-on-quarter growth in dApp users," notes a BTCC analyst. Snorter, initially a meme coin, has gained utility through NFT integrations and now boasts a $1.2 billion market cap.
Institutional Money Floods In
Data from TradingView shows SOL futures open interest hit a 2025 high of $2.3 billion on September 8, with BTCC capturing 15% of volume. "Institutions are hedging bets beyond Bitcoin," says crypto trader Lena K. Snorter’s 24-hour trading volume spiked to $480 million after its BTCC listing, per CoinGecko.
Technical Analysis: Where Could SOL and Snorter Go Next?
SOL’s weekly chart shows a bullish ascending triangle with a $220 breakout target (from $180 currently). Snorter faces resistance at $0.45 but has strong support at $0.30. "The 50-day EMA crossover suggests sustained momentum," observes TradingView’s top-rated analyst Marcos T.
Risks to Consider
While Solana’s uptime has improved to 99.8% in 2025 (per solana Foundation), past outages remain a concern. Snorter’s volatility—it once dropped 60% in a day—demands caution.
Community Hype vs. Fundamentals
Solana’s developer grants program has onboarded 210 new projects this year. Snorter’s team claims 80% of its supply is now locked in staking—though some question the audit. "Meme coins live and die by community trust," warns crypto YouTuber CoinMemeGrandpa.
Exchange Listings Fuel the Fire
BTCC’s Snorter listing on September 5 coincided with a 90% price surge. The exchange now offers SOL staking at 6.8% APY, competitive with Binance’s 7%. "Listings validate projects," says BTCC’s Head of Listings, though she emphasizes "DYOR" (do your own research).
Historical Context: Meme Coins That Went Mainstream
Like Dogecoin in 2021 and shiba inu in 2023, Snorter blends humor with real use cases—its NFT marketplace processed $12M in sales last month. Solana, meanwhile, mirrors Ethereum’s 2018 growth phase before DeFi exploded.
What’s Next for Investors?
With bitcoin ETFs sucking oxygen from altcoins, SOL’s performance is impressive. Snorter’s fate hinges on delivering its promised gaming platform by Q4. As always in crypto, expect turbulence—but the charts suggest this rally has legs.
FAQs: SOL and Snorter Mania
Why did SOL price jump recently?
Solana’s price ROSE due to increased institutional interest, dApp growth, and a broader altcoin market recovery.
Is Snorter just another meme coin?
While it started as a meme, Snorter now includes NFT utilities and staking—though skeptics argue it’s still highly speculative.
Which exchanges offer Snorter trading?
Snorter is available on BTCC, KuCoin, and Gate.io, with Binance reportedly considering a listing.
