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 $63,787.41 Bitcoin -0.31% Market capitalization $1.28 trillion VOL. 24 hours $0.69 billion .

At the same time, the crypto market has seen a rapid growth of meme coins. Thus, Dogecoin DOGE $0.07 Dogecoin -0.68% Market capitalization $10.92 billion VOL. 24 hours $26.6 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 $76.24 Solana -0.01% Market capitalization $44.42 billion VOL. 24 hours $77.51 million , 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!