Memecoins
3 Solana Meme Coins to Buy as SOL Hits $170
Solana meme coins saw inflows as SOL tapped $170 today, maintaining high momentum following a shift in market sentiment. The assets saw gains in intraday trading breaking above a resistance level and triggering bullish sentiments. SOL price hovered around the mark before recording $170 twice as bulls picked up the pace.
This market jump ignited Bitcoin (BTC), altcoins and coins the latter being the biggest winners. The market cap of meme coins stands at $66.7 billion, an increase of 2.3%, while Solana meme coins increased by 5.3% to $9.7 billion. Trading volumes also increased today to $1.5 billion, with the assets generating inflows of over 200x. Bullish increases in SOL price spill over into meme tokens, causing values to rise. Here are three Solana meme pieces to buy following the price surge.
Yotoshi (YOTO)
Yotoshi is the biggest gainer among Solana meme coins today, with gains of 349.4%. This level of growth has generated weekly figures above 765% for the asset, while monthly inflows stand at 215%. Yotoshi is one of the new meme coins that have seen meteoric influxes in recent weeks. Daily volumes reached $1.1 million as users moved into the assets.
MAGA PEPE
MAGA PEPE is up 271% and joins the ranks of meme coins to buy right now. The asset’s 24-hour rally places it among the strongest gainers. In addition to its status as a Solana coin, MAGA PEPE is themed after the high-flying PEPE coin, now ranked third among similar assets by market capitalization. Additionally, the token is themed after the slogan of former US President Donald Trump.
On the theme of Trump pieces dominated trend spaces in the run-up to the election.
Bird dog on GROUND (BIRDDOG)
Bird Dog has seen gains of 79% in the past 24 hours. The rally witnessed by the asset takes the seven-day trading to 499% while the monthly figures stand at 879%. According to data from CoinGecko, trading volumes reached $3.9 million. Dog-themed tokens also saw inflows with Solana meme coins, leading to a general bullish phase in meme coins.
Read also: Ripple (XRP) vs. Solana (SOL): Where will the bulls congregate?
David is a financial news contributor with 4 years of experience in Blockchain technology and cryptocurrencies. He is interested in emerging technologies and has an eye for the latest news. Staying on top of trends, David has worked across several niches including regulation, partnerships, crypto assets, stocks, NFTs, and more. Far from the financial markets, David goes cycling and horse riding.