Solana Meme Coins Update: Unstoppable Enthusiasm for Solana Meme Coins as IBET Surges 50%
The fascination with meme coins within the Solana ecosystem, particularly those with animal themes, continues to captivate crypto investors.
This trend is further underscored by the remarkable success of a new entrant – InsanityBets – showcasing the enduring appeal and dynamism of Solana’s meme coin phenomenon.
In the latest development, Solana’s meme coin landscape has been stirred by the impressive performance of a newly launched coin, known affectionately as “cats in a dogs world” (MEW). According to CoinGecko, MEW experienced a dramatic surge, climbing over 120% to reach a staggering market capitalization of $513 million within just two days of trading. The momentum didn’t stop there; over the weekend, MEW’s price escalated to $0.008, with its market valuation eclipsing $700 million.
This isn’t the first instance of a meme coin within the Solana network witnessing rapid price increases shortly after its launch. Such trends have ignited both enthusiasm and debate within the cryptocurrency community. Critics point out that the surge in meme coins often overshadows projects with more substantive utility and strategic roadmaps.
Among the meme coins generating buzz is Slerf (SLERF), which found itself at the centre of controversy following an incident where the developer inadvertently lost $10 million in funds raised from investors during a presale.
Despite this setback, SLERF has maintained its position as one of the top meme coins on Solana, boasting a market capitalization exceeding $400 million.
In other news, dogwifhat (WIF) has been making waves, recently surpassing a major milestone by overtaking Pepe (PEPE) to become the third-largest meme coin in terms of market capitalization, as reported by
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