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Solana (SOL) meme coins are going up strongly in the past 24 hours after President Donald Trump brokered a cease-fire between Israel and Iran following the latter’s attack on a U.S. air base in Dubai.
Data from CoinGecko indicates that the aggregated market cap of these tokens in the Solana blockchain has surged by 14.1% during this period and currently sits at $10.3 billion, while trading volumes stand at $3.5 billion, accounting for more than a third of the category’s market cap.
sol wif rocks pic.twitter.com/0yOcu67viN
— dogwifcoin (@dogwifcoin) June 23, 2025
Dogwifhat (WIF) is perhaps the most notable winner of this uptrend as the token has surged by 24.1% and currently sits at $0.8667, as its trading volumes have more than doubled.
Following it at a close distance among the top performers, SPX6900 (SPX) and Pudgy Penguins (PENGU) have booked gains of 23% and 15% respectively as well.
Top DEXs within the Solana blockchain are benefiting from this uptrend. The utility token of Raydium has moved up 9.6% while Jupiter (JUP) has skyrocketed by nearly 20% during this period.
This sudden spike has propelled the price of Solana (SOL) by 7.5% to $144.8. This is positive news for bulls as the price action has now recaptured a key level that could serve as a launchpad for another retest of the $185 area.
Solana Recaptures Key Support After Cease-Fire
Solana has bounced off the $126 level even though the U.S. officially entered a war with Iran after bombing three of its most important nuclear research and enrichment facilities.
Meanwhile, the price was boosted after Iran’s retaliatory move on Monday and was further propelled after President Trump announced the cease-fire.
These geopolitical events have catalyzed a strong recovery for SOL as it bounced above the $140 key support that had previously pushed the asset to its local highs of $185.
Trading volumes have been above the average in the past two days, while the price seems to have been consolidating this morning ahead of the beginning of the American session.
The Relative Strength Index (RSI) shows signs of an early recovery as it has moved above the 14-day moving average. However, the short-term EMAs are still standing well below the 200-day EMA.
A bullish crossover between the short-term and long-term EMAs would confirm a bullish outlook. Until that happens, this could still be considered a mini ‘bear market rally’ that could end up pushing SOL to $110.
Meanwhile, identifying the best meme coins before they become popular has produced life-changing wealth for hundreds of investors. However, is that possible without insider knowledge?
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Snorter (SNORT) Offers Low Commissions and Scam Protection Features for Traders
Snorter (SNORT) is a Solana-based trading bot designed to discover hidden gems within this network’s popular meme coin ecosystem.
These tokens offer significant upside potential to early buyers. A few examples include Fartcoin (FARTCOIN) – a meme coin that came out of nowhere and took over the 7th spot among the most valuable assets in this category, with a market cap exceeding $1 billion.
Snorter offers low commissions to traders, no front-running, protection against scams like rug pulls, and multichain support for Ethereum and BNB Chain.
The demand for $SNORT will skyrocket once the bot starts to deliver its first positive results. Hence, early buyers will reap the highest upside potential by taking advantage of this token’s discounted presale price of $0.0961.
To buy $SNORT, simply head to the Snorter website and connect your wallet. You can either swap USDT or ETH for this token or use a bank card to invest.
