📈 Solana is trading at 180.72, marking a nearly 4% increase on Friday. The recent surge is attributed to the explosive rise of meme coin excitement, notably propelled by Dogewhatif (WIF), which spurred a 25% price surge and boasted a $3 billion market cap. 🚀

🔗 This fervor directly influenced SOL’s impressive 24% price hike, reflecting the underlying strength of Solana’s network with a record total-value-locked (TVL) of 23.07 million SOL, the highest since December 2022. The rise in meme coin popularity also signifies Solana’s growing DeFi potential. 💡

💰 Solana's remarkable price surge resonates with the broader cryptocurrency market uplift, led by Bitcoin's ascent to record highs above $72,000. The SOL/BTC pair's 32.45% climb signifies a growing investor shift towards Solana, further amplified by meme coin activity. 📈

🌀 Jupiter, a prominent DeFi project within the Solana ecosystem, has showcased impressive performance by surpassing Uniswap V3 in data processing volume. This, coupled with meme coin launches thriving on Solana’s LFG Launchpad, underscores Solana's burgeoning hub for DeFi and meme coin activities. 🌐

💭 As of this analysis, Solana (SOL/USD) is experiencing a slight retreat, trading at $181.57, down by 1.27%. The asset finds immediate support at $170.07, with deeper safety nets at $158.56 and $149.35. The overall trend suggests a moment of balance. 📉