Solana Sees $125M Surge as New Token Hype Fades—Old Meme Coins Back in Play?

Key Points

1. Solana saw over $125 million bridged from other chains in the past week, with Ethereum contributing $70 million (56% of total inflows).

2. Established meme tokens like PEPE, SHIB, DOGE, BONK, and PENGU gained traction, with PEPE's market cap rising 23.73% and BONK's price climbing 70% in 10 days.

3. Solana generated $271 million in Q2 2025 revenue, surpassing Ethereum, Bitcoin, and Tron, with transaction volume up 32% and active addresses reaching 24.4 million.

4. Anticipation around Solana ETFs grew, with Polymarket predicting a 68% chance of SEC approval by end of 2025, and analysts like James Seyffart expecting a wave of new ETFs.

5. Solana's price rose 9.5% to $162.19, with a bullish cup-and-handle pattern suggesting potential targets of $295, $787, and $1,314 if it breaks the $170 resistance level.