Solana (SOL) recently showed signs of recovery and became one of the top gainers of the past week.
Following a period where it seemed to lag behind Bitcoin’s surges, Solana is now showing significant bullish momentum, with its price recently touching over $200. This upward trend is particularly noteworthy given that Ethereum (ETH) just hit a new all-time high near $5,000.
Historically, major moves in one key cryptocurrency can foreshadow a ripple effect across the market. Many analysts believe Solana is the next one in line to make a significant move, potentially breaking its own all-time high.
For investors looking to ride this potential boom, many are turning to the Solana ecosystem’s altcoins, especially the best Solana meme coins. The meme coin narrative is currently one of the hottest on the Solana blockchain.
We’ve seen projects like Bonk surge in popularity, and more recently, many new meme coins have entered the top 100 cryptocurrencies.
Now, attention is shifting to a new project called Snorter Token (SNORT), which blends multiple hot narratives into one.
Source – Cryptonews YouTube Channel
Solana Falls to $188 After Rally – Can Institutional Support Push SOL Toward $300?
Solana (SOL) is currently trading around $188, down 6% in the last 24 hours. This decline follows a rally that stalled after $SOL failed to break past the $205–$206 resistance level.
The pullback has placed the token in a mid-range zone, with traders watching the $172–$176 area as potential support, a level that has triggered strong buying activity before.
Source – Ali via X
Technical analysis using Fibonacci extensions shows that if $SOL can break above $207 with strong volume, it could aim for new resistance levels at $250, $277, and $320.
Meanwhile, institutional interest in Solana continues to grow. According to Yahoo Finance, Pantera Capital is reportedly raising $1.25 billion to launch a Nasdaq-listed company with Solana as a core asset, starting with $500 million.
Just a day earlier, reports revealed that Galaxy Digital, Multicoin Capital, and Jump Crypto were in talks to create a Solana-focused treasury, targeting $1 billion with backing from the Solana Foundation.
Despite today’s dip, Solana remains strong in activity. According to DefiLlama, it has overtaken Ethereum and other chains in 24-hour perpetuals trading volume.
This surge in activity has increased demand for effective trading tools, creating an opportunity for Snorter Token, a project aiming to position itself as the go-to trading bot for the Solana ecosystem.
Why Snorter Token is One of the Best Solana Meme Coins to Buy Now
Snorter Token (SNORT) is picking up momentum by riding several bullish trends at once. It isn’t just another meme coin. It powers Snorter bot, a fast and low-fee trading bot built directly into Telegram for Solana and Ethereum traders.
In crypto, every second counts. Snorter Token turns Telegram into a complete trading platform, so traders don’t need to switch between browsers, apps, or clunky dashboards.
All trading takes place inside the chat. Traders can swap tokens, set stop-losses, follow top wallets, and track portfolios in real time without leaving Telegram.
Speed gives Snorter bot a clear edge. On Solana, trades go through in under a second thanks to custom RPC tech. This lets traders snipe new meme coin launches before whales or rival bots jump in. Snorter bot also adds strong security.
It detects rugpulls and honeypots with an 85% success rate in closed beta. Blacklist scans and mint trap alerts help traders avoid scams in a market where speed often outruns caution.
Source – Snorter Token Twitter
On fees, Snorter bot beats most rivals. Execution starts at 1.5%, but $SNORT holders cut that down to 0.85%, one of the lowest rates around. Holders also enjoy perks such as staking rewards, cross-chain bridging with Portal Bridge, and fast sniping tools.
CryptoDnes named it among the best Solana meme coins. Crypto June said this Solana bot launching its own token could deliver 100x gains.
The token is still in presale at $0.1025 and has already raised around $3.4 million. Early buyers can lock in 130% annual staking rewards, but that deal ends once presale closes.
Right now, the only way to buy Snorter Token is through the official presale site. You will need a compatible crypto wallet, and Best Wallet is the top choice for buying and storing $SNORT.
This article has been provided by one of our commercial partners and does not reflect Cryptonomist’s opinion. Please be aware our commercial partners may use affiliate programs to generate revenues through the links on this article.