Solana Meme Coins Jump 6% to $14.6B as Fartcoin OI Hits $1 Billion

Solana meme coins are making headlines again as their total market cap surged 6% in the last 24 hours to $14.64 billion.

Written by: Arslan Butt • Friday, July 18, 2025 • 1 min read

Last updated: Friday, July 18, 2025

Quick overview

Solana meme coins have seen a 6% market cap increase in the last 24 hours, reaching $14.64 billion.
Fartcoin and SPX6900 are leading the charge, with Fartcoin's Open Interest hitting a record $1.05 billion.
Technical indicators suggest potential upside for both coins, with Fartcoin testing a key resistance at $1.56.
Despite bullish momentum, there are risks of pullbacks if key resistance levels are not maintained.

Solana meme coins are making headlines again as their total market cap surged 6% in the last 24 hours to $14.64 billion. This outpaces the broader crypto market’s recovery and shows investors are back to buying speculative assets. Fartcoin (FARTCOIN) and SPX6900 (SPX) were the leaders of the charge earlier in the week. Despite minor pullbacks today, both are still in bullish territory.

The momentum is supported by derivative market activity. According to CoinGlass, Fartcoin’s Open Interest (OI) hit a record $1.05 billion, up from $802.60 million yesterday. SPX’s OI crossed $200 million for the first time. This is a sign of increasing trader confidence and means more price volatility for the bulls.

Bullish Signs Point to Upside

Technical indicators are pointing to more upside for both Fartcoin and SPX. Fartcoin dipped 5% today but is still above its 50-day EMA and the $1 mark. It’s approaching the $1.56 resistance. A daily close above that could take it to $2.00.

Fartcoin Technical Snapshot:
- MACD lines are green
- RSI is 59, not overbought
- Volatility increasing, bars are shifting

SPX dipped 1% after Wednesday’s 12% surge to a new high of $1.91. It’s testing the $1.80 resistance. A strong break above that could take it to $2.00, then $2.22.

Solana Price Chart - Source: Tradingview — Solana Price Chart – Source: Tradingview

Solana Price at Key Resistance

Despite the bullish signs, there’s still risk. Fartcoin’s $1.56 resistance has held since January and a close below that could see it pull back to the 50-day EMA at $1.16. SPX could retrace to $1.47 if $1.80 holds.

Both are showing interest but watch for volatility and resistance. OI is at all time highs so meme coin bulls are in charge for now.

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ABOUT THE AUTHOR See More

Arslan Butt

Lead Markets Analyst – Multi-Asset (FX, Commodities, Crypto)

Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics. His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker. His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.