Solana DEX trading volume hits monthly ATH of $60 billion
The surge in trading volume aligns with a significant interest in memecoins within the Solana ecosystem.
Follow memecoin news, launches, community-driven rallies, trading mania, and the cultural forces behind viral crypto tokens.
DEX Screener responded to the influx and said it will take action against the trend.
Each of the three tokens experienced above-average price gains following the news.
Millions of dollars have been sent to SOL addresses on the promise of pre-sale tokens for the latest memecoin projects.
Memecoin activity fails to stimulate true adoption as Solana, Avalanche gamble on gambling.
Solana's market cap has hit a record high of $80 billion, but the price per token is still trading far below its all-time high.
The Pepe and wider memecoin rally was driven by market momentum from Bitcoin's climb to $57,000 on Feb. 26.