Solana dominates the crypto market with the enthusiasm around AI tokens

The frantic activity around tokens linked to Claude Code, the AI toolkit developed by Anthropic, continues to shake up the Solana ecosystem. Beyond speculation, the entire network infrastructure benefits from this, with a remarkable momentum driven by developers who are constantly launching new tokens on Solana-based platforms like Sacs. On-chain data reveal a major transformation: the number of active wallets jumped from 14.7 million to 18.9 million in just one week, while the weekly transaction volume soared from 390 million to 530 million.

This surge in activity positions Solana as the big winner in the broader crypto market. Despite a general context where the CoinDesk 20 index modestly advances by 0.15%, Solana shows a different trajectory. Although the SOL token is currently down 11.48% in 24 hours at $105.16 (data from February 1, 2026), the narrative remains dominated by the influx of capital and interest around this new wave of speculation.

The dynamics of speculative tokens: questioned growth

Many of these emerging tokens remain highly speculative. However, some of them have been officially recognized by the original AI project teams, allowing transaction fees to be redirected to developers. This recognition turns a simple speculative frenzy into a real virtuous cycle of innovation and the introduction of new tokens. Each new launch further fuels on-chain activity, strengthening Solana’s appeal as a platform of choice for AI token initiatives.

Paradoxically, the total value locked (TVL) on Solana has fallen to about $8.4 billion, suggesting that this explosion of activity is more focused on transactional speculation than on genuine liquidity contributions to DeFi protocols.

Technical analysis: decisive pivots for the crypto market

From a technical perspective, the $130 level is a critical pivot for SOL. The previous breakdown occurred on solid volume of about 2.34 million SOL, confirming the strength of the bullish move that followed the defense of a key support near $127.

A consolidation leading up to this bullish breakout should theoretically open the way to new highs if the momentum continues. Conversely, a downward break of support in the $126-$124 zone could call into question the sustainability of this crypto rally. Traders are closely monitoring these levels to assess the strength of this token-driven movement.

Outlook: when the token boom shapes the crypto market

The current enthusiasm for AI tokens exemplifies how speculative movements can transform an entire blockchain infrastructure. Solana has capitalized on this momentum, attracting a wave of developers and entrepreneurs. It remains to be seen whether this excitement around tokens will last or if it is a temporary bubble in the crypto landscape.

What is certain is that the crypto market continues to evolve rapidly, and Solana currently embodies one of the most visible of these transformations.