Is Solana finished? Not at all. Given the recent Bitcoin crash, Solana is showing incredible strength. With SOL around $207, weekly gains above 13%, and ecosystem upgrades like Firedancer, it remains a leading blockchain powerhouse.
On the other hand, Pump.fun’s token PUMP dropped nearly -20% this week to $0.00285, yet whales accumulated $630K, signaling confidence. Despite revenue declines, community sentiment stays resilient, and dips are seen as opportunities.
SPX6900, the satirical market-flipping meme coin, dipped around -8.5% after whales bought heavily, triggering a short-term price pump to $1.41.
Here’s Why Solana Is Just Getting Started
When Bitcoin crashed from $114K to $110K, many expected Solana to follow with a steep drop. Instead, SOL showed surprising resilience, holding firm around $203 and still notching excellent +15% gains over the week.
Analysts remain bullish, calling for a run toward the ATH by year’s end as ETF speculation grows and DeFi adoption accelerates.
Huge news today for Jito, Solana, and defi in the US!
The @vaneck_us JitoSOL ETF S-1 was just published – this will be the first 100% LST ETF!
We've long said a 100% staked ETF will offer investors the best product and we're excited to see @vaneck_us pushing forward here 🫡 pic.twitter.com/nx0UyjYvlK
— buffalu (@buffalu__) August 22, 2025
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to 1 million TPS, reinforced long-term conviction by addressing past outage concerns.
Whale activity further highlighted strength, with strong inflows during the dip. Solana has proven that it is not quite finished by absorbing the volatility and keeping building momentum even during Bitcoin-led shakeouts.
PUMP Holds Despite Market Slump
PUMP wasn’t spared during Bitcoin’s weekend flush, dropping nearly 20% weekly to around $0.0029. The decline coincided with concerns over Pump.fun’s revenue falling 80% from July highs and fear of whale sell-offs.
But on-chain data told a different story. The team bought back over 1% of the total supply. That alone is over $26M in buybacks, resulting in 11Bn tokens being removed from the market.
(Source – dune.com)
Community sentiment on X echoed this resilience, with many dismissing FUD and treating the dip as a buying opportunity.
Despite short-term turbulence, Pump.fun remains the top meme launchpad on Solana, consistently rolling out viral tokens like Fartcoin and Peanut the Squirrel. Competitive pressure exists, but PUMP still dominates meme coin infrastructure.
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SPX6900 Duping But Wallet Activity Rises
SPX6900, the satirical meme coin parodying the S&P 500, also took a hit during Bitcoin’s drop, sliding 10-20% on the week.
However, what the metric shows is that holders count rises dramatically with SPX chads overtaking the jeeters by a margin.
(Source – dune.com)
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Trading volume surged to $50M with price around $1.28 according to Coingecko, leaving SPX out of top 100 with $1.2Bn valuation.
SPX’s lore-driven hype, multi-chain presence, and strong community engagement continue to fuel interest, making its recent dip more of a reset than a collapse.
Solana Alpha: Why Snorter Looks Like a Smarter Rotation Play
The recent Bitcoin crash dragged the whole market down a bit, leaving investors looking for fresh opportunities rather than holding on to old ones.
One project catching quiet attention is Snorter, a Telegram-based trading bot that blends Solana’s speed with a meme-friendly vibe.
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Snorter currently in presale at $0.1023 per SNORT token and has already raise over $3.4M, reflecting early confidence despite the recent shakeout. Holders can also stake their tokens at a generous 131% APY, rewarding those willing to back the project before exchange listings.
The tech isn’t just narrative; it is built to snipe new Solana and Ethereum launches instantly while offering tools like portfolio tracking, blacklist alerts, and MEV protection.
Wrapped in a meme coin package but backed by real utility, Snorter positions itself as more than hype making it an interesting place for capital rotation post-crash.
For the latest updates on the project, connect with the Snorter community on X and Instagram.
Visit SNORTER HereDISCOVER: Best New Cryptocurrencies to Invest in 2025
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