Solana (SOL) is currently trading above $160, with bullish momentum strengthening its position. Meanwhile, the viral meme coin Poodlana (POODL) has sparked significant excitement, smashing past the $1.4 million mark in its presale within just 48 hours of launch.
SOL’s price is among the top gainers on CoinMarketCap over the past 24 hours, rising more than 2.4% as its trading volume surpasses $2.7 billion. This surge in Solana’s price comes amid positive sentiment likely driven by further gains in Bitcoin (BTC) and Ethereum (ETH). The cryptocurrency has returned to levels last seen when spot Solana exchange-traded funds (ETFs) applications from VanEck and 21Shares buoyed market optimism.
A run for Solana meme coins is also taking shape as SOL trades above $160. Analysts suggest that bulls could target $175 if momentum builds above the key supply wall at $164. With meme coins like dogwifhat (WIF) leading the charge, the likelihood of SOL pushing towards $200 is increasing.
Interest in presale trendsetter Poodlana could be contributing to this momentum. The Solana meme coin market features top tokens like WIF, BONK, and POPCAT, but Poodlana has garnered unprecedented interest, particularly in Asia. In just over 48 hours, Poodlana’s presale has raised over $1.4 million, surpassing the $1 million milestone within the first 24 hours as FOMO (Fear of Missing Out) gripped the market. The project’s viral success in Asia, where the poodle is a highly popular dog breed, has driven its rapid presale pace.