Coinspeaker

Jan 21, 2025

3 0

Solana Stablecoin Holdings Reach $9.8 Billion Amid Meme Coin Trading

The Solana blockchain has experienced a significant increase in stablecoin minting, with $3 billion inflows over three days, pushing total stablecoin holdings to nearly $10 billion.

• Holdings rose from $6.1 billion on January 17 to $9.8 billion now, according to DeFiLlama.
• The surge is attributed to trading pairs involving USDT and USDC amid the TRUMP meme coin launch.
• USDT's value reached $1.6 billion and USDC climbed to $7.7 billion, each showing over 50% growth.

Solana Network Growth Indicators

• Total Value Locked (TVL) surpassed $10 billion for the first time since the FTX collapse.
• Record DEX trading volumes were achieved, peaking at $39.2 billion over the past weekend.

SOL Price Prediction

• SOL price is currently down 5.6% at around $240, with a market cap of $117 billion.
• Analyst Kook Capital predicts a potential rise of 12.9x to exceed $3,300 in three months, driven by Trump's influence.