Recently, the meme coins produced by the Solana chain have caused a frenzy. Among all meme coins on Solana, the trading volume of the meme coin Book of Meme (BOME) ranks first, surpassing the original meme coin DOGE.
The meme coin craze in the current market is no longer exclusive to Ethereum. In terms of trading volume, BOME, dogwifhat (WIF), BONK, MYRO, and LADYS are well-known Solana memes, demonstrating Solana’s dominance in the meme coin community. Some even believe that meme coins have driven the strong surge of SOL.
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SOL breaks $200, reaching a new market cap high, meme coin frenzy sweeps Solana
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Meme presale frenzy, attracting billions of dollars
Meme coins may face a peak
For example, in the case of BOME, its creator @Darkfarms1 conducted a “presale” of meme coins on Twitter and raised 10,132 SOL (approximately $2 million).
Chain detective Zach compiled all the meme coin presales on Twitter. Among 27 meme coin projects, a total of over 650,000 SOL (approximately $122 million) was raised.
Interestingly, many of these meme coin projects that raised a large amount of funds have not yet released their coins (token contract addresses do not exist).
Experts have observed that the trading volume of meme coins on Korean exchanges, which were enthusiastic about meme coin trading, has started to decline significantly. The overall trading volume has also decreased, indicating a possible peak of the meme coin frenzy.
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Cryptocurrency trading volume in Korea approaches stock market volume
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Digital artist Beeple also created artwork in response to this trend of selling meme coins through “presales.”
Solana
Twitter
Meme coins
Presale
Further reading
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