Solana-based meme tokens grew by 67% per day

Editor’s note: not investment advice!

The cryptocurrency market has experienced a new wave of activity amid the rise in the bitcoin rate BTC $67,389.84 Mezo Wrapped BTC -1.17% Market capitalization $38.18 million VOL. 24 hours $1.12 billion .

At the same time, the crypto market has seen a rapid growth of meme coins. Thus, Dogecoin DOGE $0.10 Binance-Peg Dogecoin -0.73% Market capitalization $0.26 billion VOL. 24 hours $82.75 million has reached a market capitalization of more than $ 55 billion. The total valuation of the meme coin market exceeded $ 123 billion, and the daily trading volume reached $ 89 billion. The listing of the Pepe meme coin (PEPE) on the Robinhood platform gave additional impetus to this trend. This raised its price by 75% over the past day.

Other memecoins based on Solana SOL $83.22 Binance-Peg SOL -1.11% Market capitalization $91.72 million VOL. 24 hours $0.22 billion , such as dogwifhat (WIF) and Bonk (BONK), also showed a significant increase of 67%.

Nevertheless, Santiment analysts warn that the surge in activity around memecoins indicates high speculative activity and the risk of a possible collapse. The high social interest in joke coins on the X (formerly Twitter) and Reddit platforms indicates increased greed and an emotional component of the trade.

No Worries strongly advises readers not to invest in dubious crypto projects and little-known digital assets!