Meme coins based on the Solana ecosystem are warming up, with Pump.fun (PUMP) becoming the top revenue-generating protocol in the crypto market, now only behind stablecoin issuers like Tether and Circle, underpinned by its new creator fee model.
Solana (SOL) rose 4% on Thursday after crypto mining company BIT Mining (BTCM) announced a treasury shift to Solana worth up to $300 million.
Solana (SOL) is showing signs of extending its recovery, following a 4% increase to trade at $153 on Wednesday. This uptick in price comes amid key adoption milestones, including the launch of the first Solana staking Exchange Traded Fund (ETF) in the United States (US).