Solana News: SOL Surges 8% and Eyes $200 Target Amid Growing Excitement Over Futures ETFs

In the latest Solana news, the cryptocurrency SOL has seen an extraordinary rally, surging 8% and targeting a price of $200. The growing excitement around Solana futures ETFs is fueling this surge, with both retail investors and institutions closely monitoring SOL’s performance to see if it can maintain its bullish momentum.

Solana Price Prediction: SOL Surges 8%, Eyes $200 Target

The latest Solana news highlights an extraordinary rally, with SOL up 8% and targeting $200. Growing excitement around Solana futures ETFs is adding fuel to the fire. Both retail investors and institutions are closely watching SOL, eager to see if the crypto asset can maintain its bullish momentum. The network’s ability to facilitate high-speed transactions with low fees has made it a highly attractive alternative to Ethereum, particularly for DeFi projects and NFT marketplaces. The launch of Solana futures ETFs has sparked renewed interest in the token, bringing institutional investors into the fold and further boosting market sentiment.

Controversial Solana Ad Sparks Woke/Unwoke Divide in Crypto Community

A 2.5-minute Solana ad, posted on March 17 on Solana’s official account, featured a man named “America” discussing innovation with a therapist. The therapist diagnosed him with “rational thinking syndrome” and advised him to focus on creating a new gender identity instead of innovating. The video garnered 1.2 million views but was deleted 9 hours after being posted due to the controversial tone and messaging. The crypto community was divided over the ad, with some criticizing its woke messaging and others defending it.

Solana Is Up 8%, Is The Storm Over Or Is The Worst Yet To Come?

The crypto market regained strength, thanks to Jerome Powell and the FOMC team’s announcements. Bitcoin and altcoins followed suit, with Solana standing out with an 8% increase in a single day. However, it’s unclear if this upward trend is sustainable. The push of Solana is part of a broader context of renewed risk appetite among investors, rather than due to specific announcements about its ecosystem.

Pump Fun’s Slowdown Triggers Collapse in Solana Network Earnings

Solana’s network revenue and decentralized exchange (DEX) volume have plummeted in recent months due to the fading hype around memecoins. This downturn is largely attributed to the slowdown of Pump.fun, a major memecoin launchpad. At the height of the memecoin craze in January, Solana’s weekly revenue peaked at $55.2 million. However, data from DeFiLlama now shows a staggering 97% decline, with revenue falling to just $1.8 million this week—the lowest level since September 2024. Similarly, Solana’s weekly trading activity has tumbled from over $97 billion at its peak to just $5 billion, reflecting a cooling interest in speculative memecoins.