Solana Meme Coins Explode in Popularity, Hitting $10 Billion Market Cap

by Ron Effertz

Solana-based totally meme coins salvage hit a market capitalization of $10 billion. These meme coins salvage considered label and volume positive aspects, showing solid say within 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 passion and utter on this express. WIF, BONK, POPCAT, and MEW salvage all long past up within the past 24 hours.

WIF Leads Solana Meme Cash in Market Cap and Tag Surge

WIF is now the leading Solana meme coin, with a label of $2.70 after gaining 20.5% within the rest 24 hours. This brings its total market cap to $2.7 billion, making it the finest meme coin on the Solana network by market cost.

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Source: SolanaFloor

The token’s trading utter has been bullish, with the price mountain climbing at some point of the trading day before a absorbing correction in a single day.

After opening at $2.639, the price of WIF hit $2.80 around 8:00 PM before falling below its initiating label to $2.590 by the end of the 24 hours.

BONK, POPCAT, and MEW Expose Stable Positive aspects With out reference to Market Swings

BONK went up 11.9% the day past, with its label reaching $0.00002144 and its market cap hitting $1.fifty three billion.

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Source: CoinMarketCap

Even with this say, BONK was hazardous, with its label initiating at a high of $0.00000231 before shedding sharply after which recuperating rather.

POPCAT additionally saw positive aspects, rising by 18.4% to reach a label of $1.forty five, pushing its market cap to $1.4 billion. Bask in assorted meme coins, POPCAT had a hazardous trading duration, with an initial rally adopted by a absorbing decline. By the end of the day, its label had fallen to $1.261, a 10.9% fall from its on each day basis high.

Learn additionally: Popcat (POPCAT) Outperforms Market, Positive aspects 5% Sooner than Kraken Itemizing

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Source: CoinMarketCap

MEW, priced at $0.007148, gained 13.24%, bringing its market cap to $635.4 million.

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Source: CoinMarketCap

The token was additionally unstable, falling before rallying strongly within the evening. MEW peaked at $0.0075 early on October 8, after which stabilized at $0.0072 by the end of the duration.

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