Solana flips Ethereum as SOL memecoin frenzy attracts $100M, Bitcoin price correction

Today’s episode has some interesting twists and turns. Network activity on Solana surpassed Ethereum over the weekend as a memecoin frenzy hits the network. Despite significant risks, traders sent over $100 million of SOL tokens to various memecoin projects. Bitcoin’s price has bounced back following a bull market correction of 12%, and Coinbase’s Ethereum layer-2 network, Base, sees a massive transaction spike following the Dencun hard fork.Further reading:Solana activity flips Ethereum amid memecoin craze, even as txs failMemecoin presales hit ‘peak degeneracy’ with over $100M raised in 3 daysBitcoin traders eye $60K BTC price support as ‘huge’ futures gap opensBase surges to 2M daily transactions following Dencun upgradeArbitrum whales move $58M into exchanges after token unlockStarbucks says its NFT rewards program must come to an endSo, grab yourself a coffee, and let’s get into it!This episode of Rise’n’Crypto is brought to you by Cointelegraph and is hosted by Gareth Jenkinson. You can follow Gareth on Twitter.Rise’n’Crypto is brought to you by Cointelegraph and is hosted and produced by Robert Baggs. You can follow Robert on Twitter and LinkedIn. Cointelegraph’s Twitter: @CointelegraphCointelegraph’s website: cointelegraph.comThe views, thoughts and opinions expressed in this podcast are its participants’ alone and do not necessarily reflect or represent the views and opinions of Cointelegraph. This podcast (and any related content) is for entertainment purposes only and does not constitute financial advice, nor should it be taken as such. Everyone must do their own research and make their own decisions. The podcast’s participants may or may not own any of the assets mentioned.