The number of 24-hour addresses on the Solana blockchain has increased by over 400% in the last 24 hours, reaching 17.1 million, according to data from Santiment. This is the highest level ever reached by these addresses, indicating a growing interest in SOL.
In most cases, an increase in the number of addresses tends to drive the price up, as it also demonstrates high demand. This demand is due to advancements in PumpFun, as traders are likely to start buying more SOL before this token sale, anticipating a possible price increase. The community expects that, with this event, the price of Solana will be well-positioned to continue its gains.
In summary, the price of SOL could be close to a strong rise, considering the upcoming offering on the meme coin launch platform PumpFun. The number of daily addresses on the Solana blockchain has increased by more than 400%, driving notable gains for the token, with a rounded minimum suggesting a 30% increase.
