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Solana’s ANSEM spikes 18,000% amid market selloff, What’s happening?
Jun 29, 2026
< 1 min read
by Ashish Kumar
for CryptoPolitan
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AI Overview
A Solana (SOL) meme coin named after crypto celebrity Ansem surged 18,000% in three days to a $125 million market capitalization as speculative capital chased tiny liquidity pools. The rally came amid extreme market fear and falling overall crypto market caps, highlighting acute volatility, liquidity risk, and limited evidence of sustainable adoption or DeFi/DEX fundamentals.
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A Solana (SOL) meme coin named after crypto celebrity Ansem rallied 18,000% in just 3 days to reach a $125 million market capitalization. During this time, the general cryptocurrency markets were experiencing extreme fear. High levels of speculative capital continue to follow small amounts of available liquidity, even though overall cryptocurrency market capitalizations are decreasing...
