Avalanche (AVAX) is fast emerging as the new frontier for meme coin mania, with its ecosystem witnessing an explosive rise in activity fueled by a new wave of token launches.
Avalanche (AVAX) is fast emerging as the new frontier for meme coin mania, with its ecosystem witnessing an explosive rise in activity fueled by a new wave of token launches. Much of this newfound momentum can be traced to The Arena.
The Arena (ARENA) is a SocialFi app that has become ground zero for retail speculation and meme coin experimentation, drawing parallels with Solana’s pump.fun.
Over the weekend, the platform’s native token, ARENA, surged by 127%, hitting a market cap of $58.7 million.
The most notable breakout was Lambo, a coin launched just on Saturday that peaked at a $25.24 million market cap before correcting 25.3% to $18.84 million. Others like Magic Internet Money and Bridge Bro Bridge also saw massive but short-lived rallies.
The surge in interest has led to a boom in DEX activity, with The Arena DEX processing $16.24 million in volume over the past 24 hours – a 645% spike – making it the third-largest DEX on Avalanche, even surpassing Uniswap.
im 100% serious when I’m telling you there’s a 0% chance I get this many right on solana
solana is a pure jeet chain
avalanche has pve runners every single day
it won’t last forever probably, but it does feel nice
lock in @legionwins pic.twitter.com/kWJ6ZGJpVD
— Jesus Martinez (@JesusMartinezEZ) June 8, 2025
AVAX Technical Analysis: Breakout or Bull Trap?
On the 4-hour chart, AVAX is currently testing the upper boundary of a well-defined descending channel, which has been in place since mid-May.
The price recently bounced from a local low around $18.20 and now trades at $21.67, just under the channel resistance near $22.
The RSI is currently hovering around 60.5, suggesting increasing bullish momentum but not yet in overbought territory. Meanwhile, the MACD indicator shows a bullish crossover with the MACD line above the signal line for AVAX.
AVAX Daily Chart. Source: TradingView
A confirmed breakout above the descending channel could send AVAX towards the next resistance levels at $23.50 and $25.00, followed by a possible retest of the $27.00 zone, last seen in early May.
If momentum continues, AVAX could rally as high as $100 in the coming weeks.
Solaxy Raises $46M to Supercharge Solana – Could This Be the Next Breakout Layer-2?
As Avalanche meme tokens crowd the spotlight, Solaxy ($SOLX) is quietly stealing the show with a $46 million presale – positioning itself as the ultimate upgrade to the Solana ecosystem.
By tackling Solana’s biggest challenges – network congestion, scalability bottlenecks, and failed transactions – Solaxy introduces a rollup-powered Layer 2 designed for speed, reliability, and ultra-low costs.
Source: Solaxy
Its architecture bundles transactions off-chain, settles them securely on Solana’s mainnet, and unlocks the kind of performance needed for explosive dApp growth.
With momentum building fast, early investors are eyeing Solaxy as one of the most promising breakout tokens of the year.
To buy $SOLX at the current price of $0.00175 per coin, simply hover to the official Solaxy website and complete your transaction by connecting a supported wallet like Best Wallet.
You can purchase the tokens using crypto or a bank card.
next