Crypto exchange CoinGecko recorded a 35% increase in the price of POPCAT and a 26% increase in WIF.
The crypto community believes that this happened on the back of an influx of investment on the SOL platform, which recovered by 10% after a down cycle in the crypto market on Sunday. Only the SOL token showed such a large capital recovery – other altcoins only rose by 2-5%.
In addition, SOL’s trading volume doubled in just 3 days from $1.5 billion to $3.3 billion, with commissions surpassing the $750,000 bar and revenue from memcoins created on the Pump.fun platform rising to $535,000.
It is worth remembering that many analysts and investors predicted that Solana will soon overtake Ethereum in terms of market capitalization, which may turn out to be true. In addition, the positive trend may lead to the emergence of more SOL-based memcoins.