On Tuesday, SOL surged by 5.8% to reach $183.61 after Pump.fun introduced a 50% revenue-sharing initiative for token creators. Under the new scheme, the platform will distribute 0.05% of each trade (in SOL) to eligible creators, including actively trading tokens, newly launched tokens, and those that have migrated to PumpSwap.
The announcement quickly garnered widespread attention, with over 1.7 million views on social media. It reaffirmed Solana’s prominent role in the creator economy and attracted a new wave of speculative capital and interest from builders.
This surge could lay the groundwork for a continued rally, particularly as memecoin-driven platforms like Pump.fun increasingly shape market dynamics and fuel momentum.
Derivatives Data Reinforces Bullish Outlook
According to data from Coinglass, Solana’s derivatives market is seeing fresh capital inflows. Open Interest rose by 8.43% to $7.40 billion, signaling that traders are building long-term positions rather than making short-term exits.
Although trading volume dropped by 18.26% to $16.13 billion, the rise in Open Interest suggests strong market conviction.
The options market also showed signs of renewed interest, with Open Interest climbing 5.01% to $13.13 million, despite a 4.16% dip in options volume. Long/Short ratios point clearly to bullish sentiment: Binance reports a ratio of 2.31, while OKX shows 1.65—both indicating leveraged bets on price increases.
Liquidation data further supports the bullish case: in the past 24 hours, a total of $19.46 million in positions were liquidated, with $14.44 million coming from shorts, and just over $5 million from long positions.
Taken together, Pump.fun’s incentive structure and the positive derivatives landscape provide solid technical and psychological foundations for a short-term continuation of Solana’s rally, with targets in the $190–$195 range.
