Solana Active Addresses Reach 832,000 Per Hour Following TRUMP Coin Launch
Solana is experiencing volatility following the launch of the TRUMP meme coin, attracting attention to its ecosystem. Despite market uncertainty, Solana's underlying metrics indicate growth.
- The number of active addresses reached 832,000 per hour, according to Glassnode.
- This surge highlights Solana’s appeal for high-speed applications, especially in the meme coin sector.
- Active addresses on Solana significantly exceed Ethereum's average of 31,000.
Network Growth
- Solana remains just below its all-time high, positioning itself for a potential rally.
- Analysts are watching for a breakout that could trigger the next altseason.
- Solana's strong user engagement suggests resilience against current market challenges.
- Current SOL price is $256, maintaining support above key demand levels.
- Critical supply zones are at $266 and the all-time high of $295.
- A push above $266 may lead to retesting the ATH, encouraging buying interest.
- Support must hold above $240 to sustain bullish sentiment; failure could lead to consolidation.
Solana is poised for potential upward momentum if key levels are defended in upcoming trading sessions.