Solana-Based MLG Token Skyrockets 180% Amid Influencer Controversy
The Solana-based meme token MLG (360noscope420blazeit) witnessed a dramatic 180% price surge on July 29, 2025, peaking at $0.023 before settling at $0.0122. The volatile rally has sparked allegations of a pump-and-dump scheme involving prominent influencers Adin Ross and FaZe Clan. Trading primarily on decentralized exchanges like Raydium and LBank, MLG capitalizes on nostalgia for early 2010s gaming culture. Despite the controversy, the token's sudden rise highlights the ongoing influence of social media and meme-driven assets in the cryptocurrency market. This event underscores the risks and opportunities in highly speculative digital assets, particularly those tied to viral trends and influencer endorsements.
Influencer-Driven MLG Token Surges 180% Amid Pump-and-Dump Allegations
The Solana-based meme token MLG (360noscope420blazeit) experienced a volatile 180% price surge on July 29, peaking at $0.023 before retracing to $0.0122. The rally coincided with controversy involving influencers Adin Ross and FaZe Clan, who allegedly orchestrated a pump-and-dump scheme.
MLG trades primarily on decentralized exchanges like Raydium and LBank, leveraging nostalgia for early 2010s gaming culture. Despite the spike, the token remains 92% below its January 2025 all-time high of $0.162. No official affiliation exists between MLG and Major League Gaming or Activision.
Are Meme Coins Fuel or Fluff? Solana Co-Founder Sparks Industry Discussion
Meme coins, often dismissed as internet jokes, have carved a niche in crypto trading. Investors continue to profit from these tokens as trading volumes surge. Yet solana co-founder Anatoly Yakovenko recently challenged their legitimacy, calling them "digital slop" with no intrinsic value.
Yakovenko's critique draws parallels to mobile game loot boxes—flashy but fundamentally hollow. His remarks carry weight given Solana's own ecosystem hosts numerous meme coins. The debate underscores a growing tension between speculative frenzy and sustainable value in crypto markets.
Solana Whale Accumulation Signals Bullish Sentiment Amid ATH Retest Hopes
Solana (SOL) is witnessing significant whale activity as four major wallets withdrew over 123,000 SOL ($23 million) from Binance and Kraken in a single day. Institutional interest remains robust, with UpexiTreasury adding 83,000 SOL to its holdings, now totaling 1.9 million SOL.
The network continues to dominate blockchain revenue rankings for an 18th consecutive week, underscoring its sustained on-chain activity and adoption. SOL's price surged to $191.02, fueling speculation of a retest of its all-time high.
Notable transactions include wallet 7VbjYZ withdrawing 58,700 SOL ($11 million) from Binance, while BnwZvG removed 38,000 SOL ($7.3 million) from the same exchange. The accumulation trend reflects growing long-term confidence among large holders.
Solana Price Prediction: SOL Eyes $300 as Institutional Demand Grows
Solana's market trajectory is gaining momentum as institutional interest surges. Upexi's $500 million credit line dedicated to SOL purchases signals deepening corporate confidence in the asset's long-term value. Treasury strategies now increasingly incorporate Solana beyond speculative trading.
Chart analysis reveals a pattern of strategic accumulation since early 2025, with institutional buyers consistently entering the market during price dips. This behavior creates robust support levels that distinguish SOL from more retail-driven assets.
The $179 support level's successful retest has technical analysts anticipating a potential breakout toward $300. Market participants are positioning for what could become a defining MOVE in Solana's mid-term price discovery phase.
