Solana’s meme-coin frenzy leads to SOL’s price surpassing $200 and on-chain trading volumes reaching a new high of nearly $4 billion. Concurrently, the network sees over $100 million raised through meme-coin presales in just three days.

Solana-based automated market maker (AMM) Raydium was exploited. The exploit affected liquidity pools and hackers stole more than $4 million.