Solana Breaks $200 Barrier as Meme Coin Frenzy Fuels Network Revival – WIF and BONK Lead Charge

Solana’s price rockets past $200 amid a meme coin resurgence, with BONK and WIF posting triple-digit gains. The network hits its highest activity level since February—just in time for traders to forget last quarter’s ’Ethereum killer’ narrative.

Behind the surge: Retail FOMO meets institutional sidelining. While SOL’s tech handles the load flawlessly, Wall Street’s still waiting for regulators to bless the circus.

Source: CoinMarketCap

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Solana price set to surge past $200 on strong momentum

Solana (SOL) has shown a robust price surge of 21% over the past week, signaling renewed investor confidence. Currently trading around $170 to $180, SOL is testing a critical resistance NEAR $179, a level that has recently held it back. Analysts identify three key factors supporting a breakout past $200.

Source: TradingView via FxLeaders

First, the daily price chart reveals a possible breakout from an ascending parallel channel. If SOL breaks above this channel’s resistance line decisively, technical models project a jump toward $219.

Second, weekly active addresses on the Solana network have hit their highest in three months, surpassing 5.1 million users. This spike reflects growing network activity and user demand, which is often a precursor to price rallies, as increased engagement usually leads to higher liquidity and volume.

Third, the global liquidity trend, a broad measure of money FLOW in the market, aligns with SOL’s price movements. Analysts from curb.sol observe that SOL tends to follow increases in global liquidity, suggesting the token could eventually test $400 if current conditions persist.

Brazil’s B3 exchange plans to launch Solana futures mid-June, adding professional market depth. Meanwhile, the U.S. Securities and Exchange Commission (SEC) reviews applications for a Solana spot ETF, a product that could draw new institutional capital.

Remittix presale continues surge, signaling strong investor interest

Remittix, a promising PayFi protocol designed to simplify crypto-to-fiat payments, has gained notable traction in its presale phase, peaking in investor interest. Remittix aims to bridge the gap between digital assets and traditional banking systems by enabling users to send crypto that recipients receive as regular fiat currency in bank accounts.

The native token, RTX, has sold over 75% of its presale supply, raising upwards of $15 million. This surge reflects strong market confidence, as investors value Remittix’s practical use cases that address common crypto hurdles like complex transfers and high fees.

Remittix offers a staking program with yields between 4% and 8%, providing additional incentives for token holders to participate early. The project’s security credentials are solid; BlockSAFU, a respected blockchain auditor, has certified the platform’s smart contracts after thorough reviews and tests.

Furthermore, Remittix supports over 100 currencies for payment conversion, charging a flat fee of 1% for crypto-to-fiat transfers. The platform’s non-custodial wallet design allows users complete control of their private keys, ensuring privacy and security without centralized vulnerabilities.

Meme coins BONK and WIF skyrocket in May, riding Solana’s wave

May has been a bullish month for Solana-based meme coins BONK and dogwifhat (WIF), which have recorded explosive price increases riding the momentum from Solana’s price surge.

Source: TradingView via Fxstreet

BONK coin posted a 73% gain in April, continuing with over 20% growth into May. Despite entering overbought territory as indicated by the Relative Strength Index (RSI), BONK shows resilience, with traders ready to buy dips near support levels around $0.000017.

WIF has surged from $0.56 to $1.20 in just one week, doubling its value with rising open interest and volume. Technical indicators point to short-term profit-taking risks due to overbought conditions, but maintain a bullish medium-term outlook if WIF stays above critical support zones.

BONK and WIF benefit from a broader meme coin revival linked to reduced global tensions, such as easing US-China trade disputes, which have lowered investor risk aversion. This environment has created fresh capital flows into altcoins, especially those tied to popular ecosystems like Solana.

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Conclusion: Remittix stands out amid Solana’s rise and meme coin rallies

While Solana’s price rally and the explosive gains of BONK coin and WIF capture much of the market’s attention, Remittix presents a rare opportunity focused on real-world utility and scalable growth.

For anyone looking beyond speculative memes and aiming for a crypto project that combines innovation with accessibility, Remittix’s momentum and growing ecosystem make it a compelling choice.

: https://remittix.io/

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