Solana Meme Coins Explode in Popularity, Hitting $10 Billion Market Cap
coinedition.com 08 October 2024 10:34, UTC Solana-based meme coins have hit a market capitalization of $10 billion. These meme coins have seen price and volume gains, showing strong growth in the crypto market.
BREAKING: The total market cap of @Solana memecoins has surpassed $10 billion. pic.twitter.com/6iGqAmUdcg
— SolanaFloor (@SolanaFloor) October 7, 2024
The total trading volume for Solana meme coins reached $2.6 billion, pointing to rising interest and activity in this space. WIF, BONK, POPCAT, and MEW have all gone up in the past 24 hours.
WIF Leads Solana Meme Coins in Market Cap and Price Surge
WIF is now the leading Solana meme coin, with a price of $2.70 after gaining 20.5% in the last 24 hours. This brings its total market cap to $2.7 billion, making it the largest meme coin on the Solana network by market value.
The token’s trading activity has been bullish, with the price climbing throughout the trading day before a sharp correction overnight.
After opening at $2.639, the price of WIF hit $2.80 around 8:00 PM before falling below its starting price to $2.590 by the end of the 24 hours.
BONK, POPCAT, and MEW Show Strong Gains Despite Market Swings
BONK went up 11.9% yesterday, with its price reaching $0.00002144 and its market cap hitting $1.53 billion.
Even with this growth, BONK was volatile, with its price starting at a high of $0.00000231 before dropping sharply and then recovering slightly.
POPCAT also saw gains, rising by 18.4% to reach a price of $1.45, pushing its market cap to $1.4 billion. Like other meme coins, POPCAT had a volatile trading period, with an initial rally followed by a sharp decline. By the end of the day, its price had fallen to $1.261, a 10.9% drop from its daily high.
Read also: Popcat (POPCAT) Outperforms Market, Gains 5% Ahead of Kraken Listing
MEW, priced at $0.007148, gained 13.24%, bringing its market cap to $635.4 million.
The token was also unstable, falling before rallying strongly in the evening. MEW peaked at $0.0075 early on October 8, and then stabilized at $0.0072 by the end of the period.
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