Solana Hit 29.84M Weekly Active Addresses in Late June 2026: The $ANSEM Memecoin Frenzy That Dwarfed Ethereum and Bitcoin

In the final days of June 2026, Solana's blockchain exploded with activity, setting a new benchmark for on-chain engagement. According to data from analytics firm Nansen, the network recorded approximately 29.84 million weekly active addresses—a 55% increase week-over-week—and processed roughly 680 million transactions in the same period . Weekly fee revenue climbed to $3.66 million, up 62% year-over-year, while protocol revenue reached $407,000 (+18% YoY) .

This wasn't just a minor uptick. It was a network-wide frenzy concentrated on the Pump.fun platform and the launch of a single memecoin: $ANSEM, also known as "The Black Bull."

Key On-Chain Metrics (Late June / Early July 2026)

The numbers tell a clear story of retail-driven, high-frequency speculation:

• Weekly active addresses: ~29.84 million (Nansen data), up 55% week-over-week .
• Total weekly transactions: ~680 million processed on Solana .
• Weekly fee revenue: ~$3.66 million .
• Pump.fun DEX daily volume: Hit an all-time high of $2 billion in a single day .
• Daily active wallets on Pump.fun: Climbed toward ~300,000, with over half being brand-new wallets .
• Daily token creation: Climbed to an 80-day high on Solana, with token graduations spiking in tandem .
• Solana memecoin aggregate market cap: Rose approximately 31% over a multi-week period, from $5.1 billion to nearly $6.7 billion .

Competitive Standing vs. Other Chains

Solana's 29.84 million weekly active addresses dwarfed every major competitor by a wide margin. Per Nansen data for the same weekly period :

Network	Weekly Active Addresses
Solana	~29.84 million
Tron	~8.74 million
BNB Chain	~8.09 million
Bitcoin	~2.73 million
Ethereum	~2.46 million

Solana also recorded over 515–680 million transactions in the period, far exceeding what Ethereum, Bitcoin, and BNB Chain processed combined . The network was effectively operating at a scale 3–12 times larger than its nearest rivals in terms of active user base.

What Drove the Surge: The $ANSEM ("The Black Bull") Explosion

The primary catalyst was a single memecoin: $ANSEM ("The Black Bull"), which launched on Pump.fun around June 17, 2026 . Within three days of its peak, the token surged from a market cap of roughly $4 million to a peak between $100–$125 million—a gain of over 18,000% . At its absolute peak on June 30, 2026, $ANSEM's market cap briefly touched $170 million before settling .

The mechanism behind this surge was an influencer-driven airdrop campaign. Prominent Solana community figure Ansem (handle @blknoiz06) distributed roughly $7 million worth of $ANSEM tokens to Solana users between June 27 and June 29, 2026 . This was described as one of the largest influencer-driven token giveaways on the network, with the stated goal of growing the $ANSEM holder base from approximately 25,000 wallets to 1 million . On-chain data showed that Ansem's wallet controlled an estimated 604 million $ANSEM tokens—somewhere between 60% and 66% of the total supply, valued at over $71 million at the peak .

The airdrop ignited a chain reaction across the Solana ecosystem:

• Pump.fun hit records: The platform recorded its highest daily token launch and graduation numbers in 80 days, driven almost entirely by $ANSEM . Daily DEX trading volume on Pump.fun reached an all-time high of $2 billion .
• New user onboarding surged: Daily active wallets on Pump.fun climbed toward 300,000, with over half being brand-new wallets .
• Broader DEX activity: The effect rippled through Raydium and other Solana DEXes as traders piled in to speculate on $ANSEM and copycat tokens .
• On-chain analyst reporting: On-chain analyst Ai Yi reported that over a 24-hour period, 12 separate wallets each bought more than $100,000 worth of $ANSEM, with combined purchases reaching $1.985 million .

The surge was not just about one token—it reignited the entire Solana memecoin machine, pulling in new retail participants and reactivating dormant wallets.

Structural Advantage: Why Solana?

Solana's low transaction costs and fast settlement speeds remained the structural advantage that made this high-frequency memecoin trading viable at scale . While networks like Ethereum or Bitcoin could not support the volume of microtransactions associated with memecoin speculation, Solana's architecture allowed for rapid, low-cost token creation and trading—turning the chain into the default playground for this type of activity.

Caveats and Context

It is important to note that while the on-chain numbers were staggering, the surge was heavily skewed toward retail, high-frequency memecoin trading rather than institutional use . The activity was concentrated on a single platform (Pump.fun) and driven by a single influencer-linked token, raising questions about sustainability. As of early July 2026, $ANSEM had already experienced a sharp pullback from its peak, with its market cap falling to around $55–$130 million depending on the data source .

This pattern mirrors earlier Solana memecoin cycles: explosive growth followed by rapid cool-downs, with the underlying network retaining users during active hype phases but shedding them during lulls .