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 $114,460.22 Bitcoin -0.21% Market capitalization $2.28 trillion VOL. 24 hours $1.31 billion .

At the same time, the crypto market has seen a rapid growth of meme coins. Thus, Dogecoin DOGE $0.20 Binance-Peg Dogecoin 0.88% Market capitalization $0.52 billion VOL. 24 hours $0.19 billion 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 $167.66 Binance-Peg SOL 1.75% Market capitalization $0.18 billion VOL. 24 hours $0.45 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!