Solana-based meme coins have reached a market capitalization of $10 billion. These meme coins saw an increase in prices and volumes, showing strong growth in the cryptocurrency market.
🚨 URGENT: The total market capitalization of @Solana memcoins has exceeded $10 billion. pic.twitter.com/6iGqAmUdcg
— SolanaFloor (@SolanaFloor) October 7, 2024
Total trading volume for Solana meme coins has reached $2.6 billion, indicating growing interest and activity in this space. WIF, BONK, POPCAT and MEW have increased in the last 24 hours.
WIF outpaces Solana Meme coins in market capitalization and price growth
WIF is currently Solana’s leading meme coin with a price of $2.70 after rising 20.5% in the last 24 hours. This brings its total market capitalization to $2.7 billion, making it the largest meme coin on the Solana network by market value.
The token’s trading activity was bullish, with the price rising throughout the trading day before correcting sharply overnight.
After opening at US$2,639, WIF price reached US$2.80 around 20:00 and then fell below the initial price to US$2,590 by the end of 24 hours.
BONK, POPCAT and MEW show strong growth despite market fluctuations
Yesterday, BONK shares rose 11.9%, reaching $0.00002144, with a market capitalization of $1.53 billion.
Even with this rise, BONK has been volatile, with its price starting at a high of $0.00000231 before falling sharply and then recovering slightly.
POPCAT also saw gains, rising 18.4% to close at $1.45, raising its market cap to $1.4 billion. Like other meme coins, POPCAT had a volatile trading period, with an initial rise followed by a sharp decline. By the end of the day, its price fell to $1,261, 10.9% below the day’s high.
Read also: Popcat (POPCAT) Outperforms Market, Gaining 5% Ahead of Kraken Listing
MEW shares, valued at $0.007148, gained 13.24%, giving its market cap to $635.4 million.
The token was also volatile, falling in the evening and then rising sharply. MEW peaked at $0.0075 in the early hours of October 8th and then stabilized at $0.0072 towards the end of the period.
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