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Solana meme coin is leading this bull market as Degens are switching from Ethereum and BNB to Solana, which offers lightweight trading and low trading fees.
Solana Meme Coin market capitalization is currently over $8 billion. However, over the past 24 hours, the price of the main Solana meme token has fallen. BOOK OF MEME and dogwifhat both fell nearly 10%. Investors began casting their nets for the next big Solana meme coin to go viral, and Sealana (SEAL), a seal-themed project, caught the eye.
Dogwife falls after whale movement sparks volatility
Solana-based meme coin dogwifhat has become very popular this year since its launch in November 2023. It was initially listed on the DEX at $0.000001366, but soon soared to $0.0352, an increase of 23 million% by the end of 2023. It surpassed $4 in March, and early investors enjoyed huge returns on their investments.
The token has since struggled to recover its March highs due to extreme price volatility. We’ve seen lows of $2.40 and highs of $3.50 several times in recent weeks.
Two days ago, Dogwifhat saw a big price spike, jumping from $2.80 to over $3.20 after two major buyers spent more than $2 million. However, this price rise was short-lived as the whale sold $2.36 million worth of WIF.
This is starting to show a downward trend and the token is currently hovering around $2.75 after falling 105 since yesterday.
BOOK OF MEME is struggling to regain its previous highs.
BOOK OF MEME (BOME) has experienced similar price movements over the past day, falling 9.24%. Like dogwifhat, BOME has also seen a huge rise since its launch. It was listed on Raydium last March at a price of $0.0001341. Two days later, the token’s value had increased by 21,000% to $0.0238, reaching a market capitalization of $1 billion.
Although a relatively new token, BOME is already listed on KuCoin, Gate.io, MEXC, and Binance. It has attracted the attention of both crypto whales and retail investors, with one crypto whale holding $10 million worth of BOME.
However, it is currently struggling to reach its previous highs and has a market capitalization of just over $800 million. The token has fallen nearly 10% in the last 24 hours to a value of $0.01212.
With major Solana meme coins dropping like this, the time may be ripe for a newcomer to step into the spotlight. Some traders have high hopes for Sealana, a new pre-sale that looks set to replicate the success of Slotthana.
Traders Eye Sealana Pre-sale
Sealana is a promising new meme coin on the Solana blockchain that has captured the attention of cryptocurrency enthusiasts and meme lovers alike. The project follows an overweight country bumpkin seal in search of the next Solana meme coin.
The project only recently launched, but has already raised more than $2.5 million in presales. Many are comparing SEAL to Slotthana, a Solana presale that has raised over $15 million and is listed on major exchanges such as HTX Global.
The current token price is $0.022 per SEAL token and can be purchased using ETH, SOL, USDT, and USDC.
Much like Slotthana, which recently hit a new ATH after a successful ICO, the pre-sale had an air of mystery, which helped drive hype for this token.
To learn more about this project, Visit the Sealana pre-sale website.
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