Solana’s Network Activity Soars to Record Highs as PumpFun Token Sale Ignites Bullish Sentiment
Solana's blockchain network has reached a historic milestone with 17 million active addresses, driven by excitement surrounding PumpFun's upcoming token sale. This surge in activity is seen as a bullish indicator for SOL's market value, with technical charts suggesting potential upward momentum. Analysts are closely watching this development, as it could signal a new phase of growth for the solana ecosystem.
Solana Network Hits Record Activity Amid PumpFun Token Sale Buzz
Solana's blockchain network has surged to 17 million active addresses, marking an all-time high as anticipation builds around PumpFun's upcoming token sale. The meme coin platform's launch is driving unprecedented engagement, with analysts interpreting the activity spike as a bullish signal for SOL's market value.
Technical charts suggest a rounded bottom formation, indicating potential upward momentum. Market watchers project a 30% price appreciation, with $216 emerging as a near-term target. The network's scalability continues to attract developers despite past congestion challenges.
PumpFun's token sale represents the latest stress test for Solana's infrastructure. Successful execution could cement its position as the premier blockchain for retail-focused crypto applications, particularly in the meme coin sector where it already dominates ethereum in daily trading volume.
SafePal and 1inch Launch Hardware Wallet Giveaway to Enhance DeFi Security
SafePal, a leading crypto wallet provider, and 1inch, a decentralized exchange aggregator, have partnered to distribute 300 limited-edition hardware wallets to active DeFi users. The initiative aims to promote self-custody and security best practices while avoiding the pitfalls of token airdrops, which often attract bots and short-term participants.
"Token airdrops tend to inflate metrics without long-term engagement," said SafePal CEO Veronica Wong. "Walletdrops like this favor DeFi-native users and reinforce security best practices." The campaign targets users who interact with 1INCH through SafePal's mobile wallet swap aggregator.
The MOVE coincides with rising demand for decentralized trading options. DEXs accounted for a record 30% of global crypto spot trading volume in June, signaling a shift toward permissionless, peer-to-peer platforms. SafePal continues to expand its product lineup, recently upgrading hardware wallet security chips and adding support for networks like Solana.
Solana Tests Key Resistance as Robinhood Relisting Fuels Rally Prospects
Solana's SOL token is challenging a critical resistance zone between $162-$167, with technical patterns suggesting potential upside targets at $185 and $220. The cryptocurrency's 12% weekly gain coincides with Robinhood's U.S. relisting—complete with staking support—a move interpreted as regulatory warming toward altcoins.
Exchange data reveals intriguing capital flows: $7.58 million in SOL left trading platforms on July 13, signaling accumulation. Derivatives markets saw lopsided liquidations—$555K in short positions crushed versus $71K in longs—as bears scrambled to cover positions during the ascent.
Not all developments are bullish. FTX's estate unstaked 190,000 SOL ($31M), creating potential overhang. Yet the technical setup remains compelling: a completed cup-and-handle formation on daily charts, now testing the pattern's neckline at $166. Fibonacci extensions point to $178 as the next logical stopping point should resistance break.
$PUMP Token Launches Across Major Crypto Exchanges Following Record $600M Public Sale
The $PUMP token from Pump.fun has commenced trading across multiple top-tier exchanges after a record-breaking public sale that raised $600 million in just 12 minutes. The Solana-based meme token infrastructure project marks a significant milestone with its broad exchange rollout.
OKX, Bitget, Gate.io, KuCoin, Crypto.com, MEXC, and Hyperliquid all enabled spot trading for $PUMP pairs including USDT and USDC. Gate.io extended support to perpetual contracts while MEXC launched a $150,000 airdrop campaign. OKX Wallet integrated DEX aggregation across 500 platforms with optimized pricing and slippage.
The token's launch follows intense market anticipation, with Pump.fun acknowledging its community for driving the project's rapid growth. Exchange listings went live between 17:00-17:30 UTC, with several platforms offering promotional incentives to early traders.
