According to Lookonchain, a trader successfully turned 0.092 ETH (worth $203) into 56.41 ETH ($136,900) by trading the meme coin $RATO, achieving an impressive 674x return (source: Lookonchain via Twitter, May 10, 2025). This significant profit highlights renewed interest and volatility in Ethereum-based meme coins, making them a hot topic for short-term crypto traders. The resurgence in meme coin trading activity can impact Ethereum network fees and on-chain liquidity, offering new opportunities for high-risk, high-reward strategies in the current crypto market (source: debank.com/profile/0x00d7).

According to Crypto Rover, SOL Strategies has purchased 122,524 SOL tokens valued at $20 million, a move that signals strong institutional interest in Solana ahead of the upcoming meme coin season (source: Crypto Rover, Twitter, May 6, 2025). This large-scale acquisition is expected to boost market confidence and drive liquidity into Solana-based meme coins, potentially influencing trading volumes and price movements across the Solana ecosystem.