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🔼 Recent Price Surge and Contributing Factors$SOL
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📉 Challenges: Meme Coin Volatility and Network Congestion
Despite these positive developments, Solana has faced challenges. The platform has become a hotspot for meme coin launches, many of which have been associated with pump-and-dump schemes. A report revealed that 98.6% of tokens launched on Solana's Pump.fun platform exhibited signs of fraudulent activity#AltcoinSeasonComing #AltcoinTrade #TradeOfTheWeek #PectraUpgrade #Write2Earn
