"Solana Memecoin Mania: $100M Raised in 3 Days"
TL;DR
Solana's SOL and The Book of Meme (BOME) have garnered significant attention on crypto social media, outperforming ETH and BTC in the past week. Increased chatter around these tokens may indicate a potential retail investor frenzy, with SOL's price surging 45% and BOME's debut seeing an 82% increase. Meanwhile, Ether has declined despite implementing the Dencun upgrade, and bitcoin has held steady. Solana's DeFi ecosystem has also seen renewed interest, with its decentralized exchanges registering a trading volume of $30 billion this month. The surge in social media mentions and Google search interest for SOL may signal a retail investor frenzy, reminiscent of previous market tops.
- SOL, BOME Trend on Social Media as Ether, Bitcoin Lag CoinDesk
- Memecoin presales hit 'peak degeneracy' with over $100M raised in 3 days Cointelegraph
- Lure of Quick Money Sees $100M Flow to Solana Meme Coin 'Presales' CoinDesk
- Solana's memecoin mania pushes on-chain volumes and fees to new highs The Block
- Here’s How a Memecoin Trader Turned $72,000 Into $30,200,000 in Just Three Days: Lookonchain The Daily Hodl
Want the full story? Read the original reporting
Read on CoinDesk