Solana dominates the crypto markets driven by the frenzy of AI tokens

The Solana ecosystem is experiencing remarkable momentum with a spectacular increase in on-chain activity. The wave of speculation around tokens linked to Claude Code, the AI tool developed by Anthropic, continues to energize developers and traders. Meanwhile, Solana (SOL) records a mixed performance compared to the broader crypto market, reflecting tensions between technical and macroeconomic factors.

Solana and its key technical levels amid volatility

The SOL token is currently trading at $123.12, down 2.57% over the past 24 hours, after reaching approximately $129 during the previous session. This correction occurs in a context where analysts are closely monitoring key crypto market levels. Before this pullback, SOL had advanced by breaking through a consolidation zone on substantial trading volume, fueled by growing interest in speculative tokens.

The $130 level remains a crucial strategic pivot. Stabilization above this threshold could open the door to more pronounced bullish prospects. Conversely, a breach of this critical zone would expose SOL to support retests between $126 and $124. Crypto market traders are watching these movements closely, as they often signal broader trend changes.

The AI token rush revives the Solana ecosystem

Solana network activity is undergoing unprecedented transformation. The number of active addresses surged from 4.7 million to 18.9 million over a seven-day period, while transaction volume increased from $390 million to $530 million per week, according to DefiLlama data. This explosion reflects the massive enthusiasm for emerging tokens associated with viral AI tools.

Developers are heavily utilizing Solana-based launch platforms to introduce these speculative tokens. Some of them have ultimately been “reclaimed” by the original AI project teams, allowing transaction fee redirection to creators. This creative ecosystem has generated a virtuous feedback loop: new tokens attract developers, who create more on-chain activity, which in turn boosts the crypto market’s appeal to participants seeking quick returns.

Meanwhile, the total value locked on Solana has contracted to around $8.4 billion, suggesting that capital inflows are focusing more on short-term speculation than traditional DeFi protocols.

Bitcoin and the macroeconomic context of the crypto market

An unusual dynamic is emerging: Bitcoin has not advanced in sync with the recent weakness of the US dollar. JPMorgan strategists explain that the current dollar depreciation responds to short-term flows and market sentiment, rather than structural changes in growth expectations or monetary policy directions.

This distinction is crucial for understanding crypto markets. As long as investors do not perceive dollar weakness as a sustainable macroeconomic trend, digital assets will continue to behave more like cyclical assets sensitive to liquidity than as reliable hedges against currencies. That’s why gold and emerging markets are attracting diversification flows away from the greenback.

This setup provides a nuanced context for tokens and the crypto sector: while Solana records a record activity level, systemic factors remain volatile and unpredictable.