Bitcoin’s effect is clearly visible in the crypto market as the Solana memecoin trend is back. Most Solana-based memecoins gained massive returns as they shot to the moon. In the last 7 days, the number of memecoins on the Solana blockchain surged dramatically by over 1000%, including RIZO, HAT, ai16z, VVAIFU, FRED, and so many others.
Top 5 Solana-based Memecoins That Surged 1000%
Among all, HahaYes (RIZO), a SOL memecoin based on a sheep theme, has secured the top spot on the leaderboard with a 4984% surge in a week with over $34 million locked in the market cap.
In the second position, Dasha (VVAIFU) steal the race by surging around 4444% with an impressive market cap of $99.38 million, lifting its value from $0.002 to $0.096 in a week
Another memecoin that surged 10 times in a week is Top Hat (HAT), hiking around 1788% in a week by reaching $0.026, securing the third position in the top chart of SOL memecoins.
Ranked at number four, First Convicted RACCON (FRED) spiked by 1181.1% in a week, skyrocketing its price from $0.014 to $0.15. However, FRED’s price dropped from its all-time high of $0.24 registered on Nov 14, 2024.
Placed fifth, ai16z performed exceptionally well, surging 1089% in a week and achieving its new all-time high of $0.44. At the time of writing, ai16z is holding $445.54 million in the market cap.
While most Solana memecoins are heading to the moon, it is far from unknown that memecoins’ growth mostly sustains speculation and hype. Once such hype fades away, there is a high chance that same memecoins could drop sharply.
Also Read: Solana Hits $225, Is a New High on the Horizon?
Credit: Source link