Solana ecosystem rebounds from bottom, PENGU surpasses $1 billion market cap, multiple established tokens increase over 40% weekly

【Blockchain Rhythm】The Solana ecosystem has recently shown clear signs of a rebound. Market data from January 6th indicates that trading activity on this chain is rapidly recovering. The total 24-hour trading volume across the network has risen back above $78.7 billion, an increase of 28.7% compared to the previous day, which is quite significant. The total locked assets on the chain are also rising, with TVL increasing by 0.5% in the past 24 hours to $89.7 billion.

Looking at specific tokens, the mainnet token SOL led the way upward. SOL successfully broke through the $140 mark, with a 24-hour increase of over 3%, a key signal for bullish traders.

The performance of established altcoins has been particularly eye-catching. PENGU’s market cap has surpassed the $1 billion milestone, which is highly significant. Recently, PENGU has gained 5.3% in 24 hours, and an even more impressive 48.1% over the past 7 days. Several other strong-performing tokens include: PUMP at $0.002419, up 8.4% in 24 hours; RENDER at $2.42, with a maximum increase of 17.1%; JUP at $0.2344, up 8.8%; PYTH up 7.7% to $0.07186; and MET with a 5.56% single-day increase.

In the Meme token camp, gains are equally notable. WIF started rising from around $0.41, up 4.3% in 24 hours, but its 7-day increase has soared to 42.6%. Even more remarkable is FARTCOIN, priced at $0.4433, which jumped 13.2% in 24 hours, with a weekly increase of 55.4%. Other Meme tokens include WhiteWhale with a market cap of $80 million, up 4.42% in 24 hours; WOJAK, with a market cap of only $48 million, surged 21% in 24 hours; USCR with a market cap of $37 million, up 34.3% in a single day; and CLASH, with a market cap of $36 million, which increased 52.8% within 24 hours.

Overall, the Solana ecosystem is indeed experiencing a noticeable rebound. Judging from the recovery in trading volume, stable TVL, and the rise of various tokens, market sentiment has clearly improved. However, it is important to note that small-cap tokens tend to have high price volatility, especially Meme tokens and some altcoins, with fluctuations easily exceeding 20%. Caution is advised when entering the market, and risk management should be a fundamental principle.