This Solana-based token has rallied by 101% in a week and could reignite the meme coin rally

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This Solana-based token has rallied by 101% in a week and could reignite the meme coin rally
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Solana is making the headlines with Breakpoint at the moment as the month of crypto conferences is upon us.

Solana price rally is highly anticipated as the protocol-organized developer conference Breakpoint began on Monday. Memecoin

price rally could either induce bullishness in DOGE, SHIB, and other meme coins, or a liquidity crisis could cause a rapid crash. Starting Monday, the developer meetup is expected to generate some significant bullishness for SOL as well as the entire ecosystem. However, even before the conference begins, one of the tokens based on the network is causing ripples in the meme coin community.

/USD 1-day chart While the Bitcoin ETF-fuelled rally pushed many tokens upward, .

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