Pump.fun, one of the popular launchpads on Solana, has been making headlines with its $PUMP token surging 77% over the past week.
In July, the project initiated a buyback program and put its profits back into $PUMP, rewarding diamond hands with a price increase in the process.
Despite $PUMP dipping since its $0.012 ATH in early July, Pump.fun’s recent marketing efforts and creator rewards have helped push the token to a $0.0087 peak, sparking talks of a full recovery and a potential rally.
This uptick reflects strong community support and highlights just how popular Pump.fun’s creator initiative is right now. Through this program, Pump.fun aims to reward meme coin creators every time someone makes a transaction on their token.
Solana Meme Coins Surging as Pump.fun’s Success Fuels Bullish Sentiment
Pump.fun’s buyback strategy and subsequent 70% pump shows that there’s still a lot of potential left for Solana-based meme coins.
The ripple effect from $PUMP’s positive performance is evident across the Solana ecosystem. Top 24-hour gainers include $FREYA (+97%), $SCAM (+50%), and $QSTAY (+48%). The 24-hour trading volume is also up by 8.57%.
Some of the popular Solana meme coins, such as Bonk ($BONK), Dogwifhat ($WIF), and Mogcoin ($MOG), have also shown positive performance recently, with $WIF showing a 77% increase in its 24-hour trading volume.
Fueling the momentum further, Solana’s new consensus protocol, ‘Alpenglow,’ has been approved via a governance vote. This protocol will reduce transaction finality from ~12 seconds to 150 milliseconds, creating a stronger and efficient network with more scalability for dApps.
Additionally, other upgrades, such as Firedancer, aim to improve throughput and decentralization, while reducing latency and fees.
Not to mention, the recent surge in institutional inflows and SOL accumulation has brought Solana-based meme coins into the spotlight, driving more investors towards early opportunities like the Snorter Token presale.
Snorter Token ($SNORT) – A Solana Presale Nearing $4M
Snorter Token ($SNORT) is a governance token that powers the Snorter Bot, a Telegram-native trading bot designed for trading Solana and Ethereum meme coins.
Holding $SNORT stacks real utility by slashing trading fees down to 0.85%, unlocking advanced sniping and copy-trading features, and unlocking higher trading limits for the Snorter Bot.
Here are a few other reasons why degens are FOMO-ing into the Snorter Token presale:
- You can stake $SNORT for attractive 118% APY rewards.
- The bot lets you instantly buy new tokens as soon as liquidity hits, before whales or other bots.
- Snorter Bot now supports Solana and Ethereum, with plans to later expand to BNB, Polygon, and Base.
- You can benefit from rugpull/honeypot detection tools and live blocklist scans.
Snorter Token has already raised $3.9M in the presale, with the token now costing $0.1047 (a hair above its Stage 1 price of $0.0935). The next price rise comes at $4.4M and the final target listing price is set at $0.1053.
This is a model that allows early birds to secure tokens at a lower cost. Not to mention, the high staking APY lets you further multiply your coins throughout the presale.
A whiff of $SNORT’s promise was enough to trigger a $107.1K whale buy recently. But even if you invested just $100 today, you would receive approximately 954 Snorter tokens.
Assuming the staking APY is applied for a whole year, your staked tokens could grow by 118%, meaning your 954 $SNORT could become roughly 2,079 $SNORT by year-end. And that’s not even counting potential price increases, which will occur as the project reaches its roadmap milestones.
Furthermore, projections suggest that $SNORT could reach $0.40 in 2026, paving the road for long-term growth for early investors.
Join $SNORT’s presale now to snag tokens at lower prices.
This is not financial advice. Please do your own research before making any investments.
Authored by Aaron Walker, NewsBTC — https://www.newsbtc.com/news/solana-pump-rallies-meme-coins-snorter-token/