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As SOL returns to $240, where will the excess liquidity go?
Wenser
Odaily资深作者
@wenser2010
2hours ago
This article is about 1936 words, reading the full article takes about 3 minutes
Solana has made a strong comeback, but the ecological spring still lacks a main theme.

Original | Odaily Planet Daily ( @OdailyChina )

By Wenser ( @wenser 2010 )

After more than 6 months, the price of SOL has finally returned to above $240 (it rose to nearly $250 yesterday and fell back to $234 at the time of writing) . There are three main reasons for this increase: First, with the growing camp of DAT treasury reserve companies such as SOL Strategies, the market demand for SOL has further expanded; second, after experiencing the previous price undervaluation, SOL holdings have become more concentrated; third, the brief recovery of Solana ecological tokens such as PUMP and Meme coins has brought a new round of consumption scenarios for SOL.

Odaily Planet Daily previously reviewed "ETH's Rising Nearly 12% Single-Day Surge: Which Altcoins Will Follow?" in the article "ETH Surge Concept Tokens." Two months later, several tokens have seen varying degrees of growth, with a preliminary estimate of a 60%-70% winning rate (particularly LINK, which rose from $16.92 to a high of $28.86, WLD, which rose from $1.11 to a high of $2.21, and DOGE, which rose from $0.21 to a high of $0.3). Based on the same ecosystem spillover effects , this article shares potential rising coins for your reference. Note: The following content does not constitute investment advice; please exercise discretion.

Solana Ecosystem Infrastructure Tokens: JUP, RAY, KMNO

While the DeFi sector has lagged behind the Ethereum ecosystem, Solana still boasts a wealth of excellent projects building its ecosystem infrastructure. While product excellence doesn't guarantee excellent token price performance (as seen with Wormhole-W), projects do provide the foundation for token price performance.

In view of this, important components of Solana's ecological infrastructure - the aggregation platform Jupiter (JUP), the DEX platform Raydium (RAY), and the lending platform Kamino (KMNO) are the main potential targets for price increases.

The price list (as of September 15th when writing) is as follows:

  • KMNO: $0.067;
  • JUP: $0.52;
  • RAY: $3.30.

Solana Meme-Representative Coins: PUMP, PENGU, BONK, TRUMP

As the blockchain ecosystem that pioneered the meme coin craze, the Solana network undoubtedly leads the way in terms of the number of meme coins it produces. However, as the industry develops into the second half of 2025, there will not be many representative meme coins still active, so we have selected only three representative ones:

Pump.fun (PUMP), which is experiencing a second wave of growth thanks to its live-streaming coin issuance model;

Pudgy Penguins (PENGU), which focuses on "IP+entity+ecosystem construction";

BONK (BONK), which focuses on "community-based Meme coin + coin issuance platform".

In addition, considering the key role played by US President Trump in the Federal Reserve's interest rate cuts, TRUMP may have short-term hype value for a certain period of time.

The price list (as of September 15th when writing) is as follows:

  • PUMP: $0.0076;
  • PENGU: $0.033;
  • BONK: $0.000022.
  • TURMP: $8.57.

Solana Ecosystem Emerging Track Tokens: HUMA, STONKS

Thanks to the Solana ecosystem's low-cost operating environment, it has long been a testing ground for emerging sectors. In terms of PayFi and US stock tokenization, projects like Huma Finance and MyStonks within the Solana ecosystem both possess significant long-term bullish value.

The price list (as of September 15th when writing) is as follows:

  • HUMA: $0.0255;
  • STONKS: $0.026.

Solana Ecosystem DePIN Track Tokens: CUDIS, ROAM

DePIN is also a key area of focus for the ongoing development of the Solana ecosystem. Although related projects haven't yet seen widespread adoption due to factors like industry narrative acceptance and market influence, they still hold considerable short- to medium-term hype. Therefore, we've selected two representative projects: Cudis (CUDIS), a smart sports device project, and Roam (ROAM), a virtual roaming communication card project.

The price list (as of September 15th when writing) is as follows:

  • CUDIS: $0.13;
  • ROAM: $0.11.

Conclusion: Solana Ecosystem Still Hasn’t Found a Mainline

In addition to the above tokens, Solana ecosystem DeFi project Saros (SAROS - $0.4), ecological infrastructure Pyth Network (PYTH - $0.16), and prediction market-related project Polyfacts (POLYFACTS - $0.0063) are all worth paying attention to in the short and medium term. However, from the overall ecological perspective, the Solana network has not yet found a DeFi ecological mainline similar to the Ethereum ecosystem.

Considering the news that the issuance of Solana's stablecoin has exceeded a record high of US$13.3 billion, perhaps SOL's token's new high still requires strong buying from Solana's listed companies and the stimulation of major positive news such as the Solana spot ETF, rather than mutual achievements with ecological projects.

DeFi
Solana
Meme
DePIN
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