After dogwifhat’s (WIF), a new milestone was reached on Friday, Solana meme coins are still a hot commodity. In the meantime, a token with an animal theme is experiencing a price explosion.
A new contender in the meme coin sector is catching traders’ attention —”cats in a dogs world” (MEW). According to CoinGecko data, MEW gained over 120% in one day, reaching $513 in capitalization within 48 hours. MEW reached a high of $0.008 over the weekend, and its market cap increased to $700,000,000.
Hayes, Support from the Hayes
Arthur Hayes – the BitMex founder – endorsed this token on X.
When I opened the litter pan, there was a kitty. $MEW
“Meow, bitches” 😘😘😘😘😘 pic.twitter.com/rg6HYPPQQd
— Arthur Hayes (@CryptoHayes) March 29, 2024
Not for the first time, we have seen meme coins explode in value on Solana just days after their release. Crypto community is both intrigued and criticizing this trend. It argues that assets with inherent popularity are more valuable than projects which have utility tokens, roadmaps and other features.
SLERF (SLERF) is one of the most controversial of all these tokens. It was engulfed in criticism when its developer released it. “accidentally” burnt A presale raised $10 million in funds from investors.
SLERF remains The fourth largest meme coin is Solana with a value of over 400 million dollars.
WIF Dethrones PEPE
WIF is still making headlines in other news about meme coins. WIF continues to make headlines on other meme coin news. CryptoPotato reportedWIF, the largest meme currency, reached a landmark on Friday by surpassing $4.25 Billion in market capitalization. It also flipped Pepe (PEPE) and became the third biggest coin.
WIF was up 90% on a weekly basis at press time. Its current price is $4.28. WIF is even more impressive when viewed on a monthly basis. It has seen an increase in price of over 450%.
SOL, Solana’s native coin, closed the weekend with a surge of 4%, pushing its price to $195. SOL shows promising charts on a weekly and monthly basis, says one analyst believes SOL’s next After the Bitcoin halves, the price could reach $300.
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Source: cryptopotato.com
