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Editor’s note: not financial advice!
Solana-based meme cryptocurrencies have shown remarkable growth. This surge comes at a time when major cryptocurrencies such as Bitcoin are experiencing a general decline.
Dogwifhat (WIF), the largest meme coin by market capitalization on Solana, has gained 16.2% in the last 24 hours. Popcat (POPCAT) is up 27.6%, Jeo Boden (BODEN) is up 36%, Slerf (SLERF) is up 14.2%, Wen (WEN) is up 17.6%, and Maneki (MANEKI) is up 16%.
Cryptonary, a crypto analysis platform, highlighted the current market enthusiasm for meme coins. «If your cryptocurrencies aren’t up at least 500% YTD or double digits today, you’re working with the wrong coins. The Memecoin supercycle is in full swing,» Cryptonary analysts wrote.
However, the story of meme coins has its pitfalls. A recent ZachXBT investigation revealed that 12 Solana-based meme coin projects have been shut down, resulting in significant losses totaling $ 26.7 million.
No Worries strongly advises readers not to invest in dubious crypto projects and little-known digital assets!