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Ansem reveals the two things Solana needs to return to peak 2024 onchain mania “A lot of what drove the Solana memecoin supercycle was SOL getting re-rated from $15 to nearly $200, alongside airdrops from protocols like Jito and Jupiter.” “There was new money coming from retail, other chains and different areas. That capital, combined with price appreciation, drove Solana’s onchain activity in 2024.” “To repeat that, Solana either needs another major price appreciation cycle potentially driven by new TradFi buyers or a way to bring a huge number of new users onchain.” “Pumpfun and the surrounding memecoin apps brought many new people onto Solana. Another breakout application in a different sector could drive the next wave.”

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