Solana has not only maintained its position as the dominant chain for retail token experiments—it is currently seeing an unusually high burst of new token creation. On Wednesday, the network recorded an all-time high in daily token issuance, with more than 263,000 new Solana Program Library (SPL) tokens minted.

That volume eclipses the scale seen during the late-2024 memecoin boom, when daily issuance was roughly in the 40,000–50,000 range. The latest jump underscores how quickly Solana’s ecosystem can shift when meme trading and launchpad activity pick up momentum.

Key takeaways

• Solscan data shows Solana minted 263,000+ new SPL tokens in a single day, a new record.
• Daily token creation in December 2024 during the memecoin cycle peaked at about 40,000–50,000 tokens.
• According to Blockworks, 40,360 tokens were issued via launchpads, with Pump.fun creating 34,184.
• DefiLlama reports Pump.fun generated $1.8 million in revenue over the past 24 hours, indicating that new token minting is being matched by monetized activity.

Record SPL token creation signals a memecoin-heavy issuance wave

The core data point comes from Solscan, which tracks newly created tokens on-chain. On Wednesday, more than 263,000 SPL tokens were minted—an all-time high for daily issuance on the network.

For readers trying to gauge whether this is “noise” or a structural shift, the comparison to December 2024 matters. During the peak of the memecoin cycle in late 2024, between 40,000 and 50,000 new tokens were issued per day. Wednesday’s total is several multiples higher than that earlier high-water mark, suggesting issuance activity has moved into a new tier.

Importantly, token minting volume alone does not guarantee market quality. Still, sustained bursts of creation typically correlate with periods when launchpad usage, speculative token demand, and retail attention align—especially in meme-driven segments.

Launchpads are driving the bulk of new tokens

Most of this issuance appears to be concentrated through established token-launch infrastructure. Blockworks’ dashboard shows that 40,360 tokens were issued through launchpads, and within that subset, the dominant share came from Pump.fun.

Blockworks reports that Pump.fun created 34,184 of those launchpad-issued tokens, accounting for the majority of launchpad-driven issuance. That concentration is notable: instead of many independent token creation paths competing evenly, a single protocol is capturing the most momentum.

In practical terms, launchpads lower the friction needed to bring tokens to market. They automate token creation and help deliver immediate liquidity and visibility—features that can speed up the “meme-to-trade” loop that retail traders tend to favor.

Pump.fun’s revenue underscores real economic pull behind the minting surge

While higher token issuance reflects technical and user behavior, the economics show whether activity is translating into fees and sustained engagement. According to DefiLlama, Pump.fun generated $1.8 million in revenue over the past 24 hours.

DefiLlama data also indicates that revenue leadership can shift even within short windows. The article notes that last Friday Pump.fun’s daily revenue was briefly overtaken by Fomo, a trading app that combines crypto trading with social feed-like features.

This matters because it suggests the market is not simply “minting for minting’s sake.” Instead, at least part of the token creation surge is being backed by monetization engines that traders interact with—potentially strengthening liquidity discovery and keeping token launches within a tighter promotional feedback loop.

Why this is more than just another memecoin headline

Solana’s record issuance should be read alongside what the ecosystem has been doing with memecoin cycles. Earlier coverage referenced in the source highlights that Pump.fun accounted for one-third of Solana’s first-quarter revenue in 2026, or $124 million out of $342 million, even as memecoin activity cooled.

That combination—meaningful contribution to revenue during a slowdown—implies that Pump.fun’s role may be larger than day-to-day memecoin volatility. If a protocol captures a substantial portion of both token creation and fees, then periods of accelerated issuance can have outsized impact on chain-level economic flows, not just token counts.

Still, uncertainty remains. A spike in minted tokens can also mean an increase in lower-quality launches, duplicates, or short-lived experiments that do not attract sustained trading. For investors and traders, the key watch items are therefore less about raw issuance and more about whether liquidity and trading interest remain strong after launch cycles pass.

In the next few sessions, market participants should monitor whether the daily token creation record persists, whether launchpad concentration continues to widen toward Pump.fun, and how competing social-trading apps perform relative to Pump.fun’s revenue. Those signals will help clarify whether Wednesday’s surge is the start of a new sustained regime—or simply a temporary peak driven by retail timing.

• REAL Finance’s $ASSET white paper is now listed in ESMA’s MiCA register.
• ESMA listing gives $ASSET a standardised disclosure reference across Europe.
• REAL Finance targets over €3.5 billon in tokenised assets across Europe.

Real Technologies Inc., issuer of the $ASSET token used by the REAL Finance network, has had its crypto-asset white paper listed in the European Securities and Markets Authority’s Interim MiCA Register, giving the project a centralised disclosure reference under the European Union’s crypto rules.

The entry sits in the register for crypto-assets other than asset-referenced tokens and e-money tokens, which falls under Title II of MiCA.

ESMA stresses that white papers appearing in the register have not been reviewed or approved by an EU competent authority, leaving responsibility for their contents with the issuer.

MiCA listing adds a regulatory reference

For REAL Finance, the listing creates a common disclosure point that exchanges, institutions and other counterparties can consult when assessing $ASSET across European Economic Area markets.

The move follows the token’s listing on Kraken, where trading went live on April 30. REAL Finance says $ASSET has also traded on KuCoin and MEXC since April.

“Being listed in ESMA’s Interim MiCA Register gives institutions and exchanges a single, transparent reference for evaluating $ASSET instead of thirty separate national processes. It’s a foundational step for how we want to operate in Europe,” said Ivo Grigorov, CEO of REAL Finance.

The company said the notification addresses a different layer from exchange access, providing standardised regulatory disclosure rather than guaranteeing that any platform will list or continue supporting the token.

REAL Finance pushes deeper into tokenised assets

REAL Finance is positioning the network around the tokenisation of real-world financial assets, an area attracting growing attention from banks, asset managers and regulators.

The company says it aims to tokenise more than €3.5 billion of assets through its European ecosystem and is working with regulated partners, including Austria’s Wiener Privatbank, on custody and structuring.

The MiCA register entry does not amount to regulatory approval of $ASSET. ESMA explicitly states that white papers in the register are not reviewed or endorsed by competent authorities.

Real Technologies also said individual trading venues retain discretion over listing decisions.

That distinction is important as MiCA brings more standardised disclosure to Europe’s crypto market without turning white-paper publication into an official investment endorsement.

The Solana network reached an all-time high in daily token issuance, surpassing the number of new coins issued during the peak of the memecoin cycle in late 2024.

More than 263,000 new Solana Program Library (SPL) tokens were minted on the Solana blockchain on Wednesday, marking a new record high, according to Solscan. Some 40,000 to 50,000 daily tokens were issued on Solana at the peak of the memecoin cycle in December 2024. 

Of the total 40,360 tokens issued through launchpads, memecoin platform Pump.fun accounted for the majority, or 34,184 coins, according to Blockworks’ dashboard.

A launchpad enables creators to easily design, launch and trade memecoins without needing extensive technical skills. They automate the token creation process and provide immediate liquidity and visibility for new tokens.

Pump.fun ranks as the leading Solana-native protocol by daily revenue, with $1.8 million generated in the past 24 hours, according to DefiLlama. Last Friday, Pump.fun’s daily revenue was briefly overtaken by trading app Fomo, which combines cryptocurrency trading with social features resembling a social media feed.

Pump.fun accounted for one-third of Solana’s first-quarter revenue in 2026, or $124 million out of the total $342 million, despite cooling memecoin activity.

Related: Nasdaq invests $100M in Kraken parent at $21B valuation: Report

Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.

Ethereum price hovered near $2,468 on Sep. 10 as buyers defended the lower end of a multiweek range, while repeated failures above $2,500 kept the short-term outlook uncertain.

Ethereum price action today

According to data from crypto.news, Ethereum (ETH) price traded around $2,468 at the time of writing after briefly falling to approximately $2,455. The token remained below the psychological $2,500 level, which has repeatedly limited recovery attempts since late August.

The daily chart showed ETH holding inside a narrow range after its rapid August advance from below $1,900. Price has since struggled to extend that rally, with sellers appearing each time it approaches the $2,500 area.

Ethereum’s latest daily candle opened at $2,468.14, reached a high of $2,484.76 and fell as low as $2,455.17. The small trading range showed that neither buyers nor sellers had established firm control during the session.

The broader structure remains stronger than it was before the August breakout. However, ETH is now testing the 8/8 Murray Math resistance at $2,500, making the level an important dividing line between continued consolidation and another upward move.

4-hour indicators show weak buying pressure

On the 4-hour chart, Ethereum traded at $2,469.40, below the Bollinger Bands’ middle line at $2,484.18. The upper band stood at $2,507.87, while the lower band was near $2,460.49.

Price sitting close to the lower band showed that short-term selling pressure remained active. A close below $2,460 could push ETH toward the recent intraday low near $2,445, while a recovery above the middle band would return attention to the $2,500–$2,508 resistance zone.

The Chaikin Money Flow reading was near zero, showing no clear net inflow of capital on the 4-hour timeframe. The neutral reading matched the sideways price structure, with ETH moving between support and resistance without strong follow-through.

The daily Average Directional Index stood at 50.56. An ADX reading above 25 usually indicates a strong trend, but the indicator does not determine its direction. In Ethereum’s case, the elevated reading reflects the strength of the larger move that began in August, even as price consolidates beneath resistance.

Liquidation map places ETH between two liquidity zones

CoinGlass’ 24-hour Ethereum liquidation heatmap showed large concentrations of leveraged positions on both sides of the current price.

The nearest major liquidity cluster below ETH appeared around $2,440. Additional concentrations were visible between approximately $2,400 and $2,430. A break under $2,440 could force leveraged long positions to close and accelerate a move toward those lower bands.

Above the market, the largest nearby liquidation concentrations appeared around $2,490 and between $2,520 and $2,535. Liquidity was also visible near $2,550.

A rebound through $2,490 could therefore trigger short liquidations and pull Ethereum back toward $2,520. However, the number of liquidity bands on both sides of the price raises the risk of sharp moves within the existing range before ETH establishes a clear direction.

The liquidation heatmap also supports the short-term technical boundaries shown by the 4-hour Bollinger Bands. Both charts place Ethereum between support around $2,440–$2,460 and resistance beginning near $2,490.

Analysts identify $2,550 as the breakout level

Crypto trader Daan Crypto Trades said Ethereum had formed a tighter range than Bitcoin while sitting on support near $2,460. According to the analyst, neither bulls nor bears had strong momentum while both assets remained inside their respective ranges.

Daan added that a range break could lead to heavy liquidations among traders positioned on the wrong side. The heatmap supports that risk, with leveraged positions concentrated directly above and below Ethereum’s current market price.

Analyst Ted Pillows identified a wider range between $2,450 and $2,550. He said Ethereum would need a weekly close above $2,550 to begin another upward leg.

A confirmed move above $2,550 would place the next Murray Math target at $2,656.25. Further gains could expose $2,812.50, while the daily chart marks $2,968.75 as a higher resistance level.

The bearish scenario begins with a sustained break below $2,450. The next major daily level sits at $2,343.75, followed by stronger pivot support around $2,187.50. Ted’s weekly chart similarly identifies support near $2,215 if the current range fails.

US macro conditions could decide the range break

Ethereum’s compressed range comes ahead of the Federal Reserve’s Sep. 15–16 policy meeting. US interest-rate expectations remain important for ETH because higher yields can reduce demand for non-yielding risk assets, while a softer policy outlook can support speculative markets.

Until the Fed decision provides more clarity, Ethereum may remain sensitive to changes in Treasury yields, the US dollar and broader risk appetite. Derivatives positioning could amplify the reaction because large liquidation clusters sit close to both sides of the current price.

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The immediate technical decision remains clear. Holding $2,440–$2,460 would preserve the range and allow another test of $2,500. Ethereum needs a weekly close above $2,550 to confirm stronger upside momentum, while a loss of $2,440 would shift attention toward $2,344 and $2,215.

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.

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