Solana (SOL) and XRP surged 5% in the past 24 hours, outpacing Bitcoin, which continues to struggle around the $84,000 mark. The gains come amid key developments for both assets, while memecoins also saw strong rallies as traders shifted toward riskier plays.

SOL Rallies as Inflation Schedule Remains Unchanged

Solana’s SOL token saw a notable price jump after the network’s validators voted against SIMD-0228, a controversial proposal that sought to alter its inflation schedule. The decision to maintain the current issuance model reassured investors, helping SOL break out of its recent consolidation phase.

Solana’s blockchain continues to be one of the most active in the space, with its ecosystem thriving despite periodic network congestion issues. The network’s developers have been rolling out optimizations, and the rejection of SIMD-0228 suggests a preference for stability rather than abrupt economic changes.

XRP Gains Amid Ripple’s Regulatory Wins

XRP also climbed 5% following a strong week for Ripple Labs, the company closely associated with the token. Ripple secured a payments license in the United Arab Emirates (UAE), strengthening its global regulatory position. The UAE has been a hub for fintech innovation, and this approval opens the door for Ripple to expand its cross-border payment solutions in the region.

Additionally, reports indicate that Ripple’s long-running legal battle with the U.S. Securities and Exchange Commission (SEC) may be nearing its conclusion. The case, which has been ongoing since 2020, has been a major overhang on XRP’s price. A favorable resolution could potentially unlock more institutional adoption and remove regulatory uncertainty surrounding the token.

Memecoins Surge as Traders Rotate into Riskier Bets

Beyond SOL and XRP, memecoins such as PEPE, TOSHI, and DOGE saw significant gains. This reflects a shift in trader sentiment, as many investors rotate into higher-risk assets while Bitcoin consolidates.

Bitcoin has struggled to break above $84,000 decisively, leading to a temporary cooling-off period in its momentum. As a result, traders are seeking volatility in alternative assets, with meme coins benefiting from the speculative rotation.

Dogecoin (DOGE), often seen as a barometer for retail hype, posted a solid uptick, while newer entrants like PEPE and TOSHI continued their uptrend, fueled by strong community engagement and speculative trading activity.

Bitcoin at a Crossroads

While Bitcoin remains in a strong uptrend, its recent price action suggests a potential period of consolidation before its next major move. The $84,000 resistance level has proven to be a challenge, and a decisive breakout could be needed to reignite momentum across the broader market.

In the meantime, altcoins and riskier assets are capturing trader interest, with SOL, XRP, and memecoins leading the charge. Whether this marks the beginning of a sustained altcoin rally or just a short-term rotation remains to be seen, but for now, the market is shifting its focus beyond just Bitcoin.