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Solana holds $74 support amid selling from Pump.fun and rising demand from USDC and tokenized assets.

Market News
18 Jul 2026
Tokenpost
View Source
Neutral
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Solana's price is stabilizing near the crucial $74 support level as selling pressure from the meme-coin launchpad Pump.fun offsets growing demand driven by USDC stablecoin inflows and tokenized real-world assets (RWA). Pump.fun has been a significant source of SOL supply due to ongoing token sales, but its activity is declining, reducing its influence. Meanwhile, Solana sees strong decentralized exchange volumes, increased USDC liquidity, and nearly $900 million in RWA inflows, signaling growing institutional interest. Upcoming network upgrades like the 'Alpenglow' consensus aim to improve transaction speed, supporting Solana's shift from meme-coin speculation to a more robust financial infrastructure. The price action between $74 support and $76 resistance will be key to watch for future direction.

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