Solana surges 12.3% amid FUD and rumors – Just a passing fad? – BitRss

• Solana jumped 12.3%, thanks to memecoin activity and speculation around Futures contracts.
• Whales accumulated SOL ($252.05) as retail traders shed holdings amid transaction delays and market FUD.

Solana [SOL] has been on a tear, recording a 12.3% gain in the past 36 hours, positioning itself as one of the top-performing altcoins amid a volatile market.

A mix of memecoin activity, retail FUD (Fear, Uncertainty, and Doubt), and rumors about a potential futures contract listing have contributed to the rally. 

Memecoins fuel network activity and price action

One of the key drivers of Solana’s recent surge has been the growing influence of memecoins like Official Trump [TRUMP ($37.05)].

The explosive interest in these projects has led to a spike in Solana’s network activity, with transaction delays creating polarized opinions among traders.

While some retail investors h…