Solana Price Might Reclaim ATH As Pump.Fun Unleash Creator Revenue Sharing Campaign

Key Insights

• Solana price may benefit from the chain herd as small-cap altcoins have a market advantage.
• Pump.Fun is turbocharging its ecosystem with planned revenue for creators.
• Solana price may soar as high as $215 in the short term if market momentum is sustained.

Solana (SOL) blockchain might experience increased activity that could positively impact the ecosystem.

This projection is tied to Pump.Fun, the Solana-based memecoin, which recently announced a new Creator Revenue Sharing (CRS) feature on its platform.

CRS Initiative Sparks Ecosystem Optimism

According to a post on Pump.Fun official X handle, creators can now earn 50% of all the trading fees generated from their tokens. This move is significant as it incentivizes content creation and trading activity.

Notably, by directly rewarding creators, more individuals might decide to create and launch tokens on the Solana blockchain.

Additionally, the CRS would likely encourage user engagement as existing memecoin farmers who were not active could decide to resume creating.

With creators motivated to promote their tokens, it is likely to gain the attention of traders and investors.

This development could trigger higher trading volume and liquidity, making Solana attractive not just to users but also to developers.

This increased activity could turbocharge the Solana ecosystem as the number of new projects on the platform increases.

Pump.Fun’s announcement of the CRS might act as a catalyst for growth within the Solana ecosystem. It primarily aligns the interests of creators, traders, and the platform.

With increased activity, Solana could become more active, impacting the SOL outlook.

Users eligible to earn revenue include those who created a new coin on Pump.Fun and those whose coin is still trading on the bonding curve.

Additionally, users whose coin has previously graduated to PumpSwap can automatically start earning.

Growth of Small-Cap Tokens May Fuel the Solana Price Surge

Meanwhile, a crypto analyst, Michaël van de Poppe, has highlighted another key factor that could further boost Solana.

According to van de Poppe, small-cap altcoins will likely yield substantially high returns.

This is because coins like Omni (OMNI) have been affected by broader macroeconomic factors such as interest rate hikes, inflation, among others.

However, this also positions them for a possible strong reversal, as small-cap altcoins have lower trading volume and liquidity.

For clarification, small-cap altcoins refer to cryptocurrencies with a low market cap, usually below $1 billion.

Due to their low trading volume, little buying pressure could trigger a large price spike.

van de Poppe is bullish on small-cap tokens and highlights OMNI as one such coin that will benefit.

Interestingly, most tokens that emerge from Pump.Fun are small-cap.

Therefore, a growth in these tokens could create a favorable environment for SRC-20 tokens by driving capital into these assets built on Solana’s secure blockchain.

The overall impact of this development could rub off on Solana, thereby boosting general market sentiment due to cross-chain activity.

Solana’s lower fees, fast transactions, and growing ecosystem give it an advantage for increased adoption, which could lead to price appreciation for SOL.

SOL’s Trading Volume Spikes Despite Solana Price Dip

As of press time, SOL price was trading at $174.56, down around 1% from its daily peak of $180.95.

Despite the drop, investors remain bullish as trading volume has jumped by 13.74% to $5.63 billion.

There have been predictions on the possible price trajectory for Solana. In the short term, projections put Solana’s price between $194 and $215.

If the coin is supported by broader ecosystem development, it can flip $200 and climb to $250 if momentum is sustained.

The response of creators to Pump.Fun’s new feature might signal the outlook for SOL.

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