Solana meme coins are experiencing a resurgence as Bonk (BONK) and Cat in a Dog’s World (MEW) lead the pack, with a newcomer PNUT also catching investors’ attention. While MAGA (TRUMP) coin has plummeted by over 53%, tokens like JetBolt (JBOLT) are seeing growing demand due to their innovative technology and focus on transaction efficiency.
Meme Coins Drive Solana Hype
Solana has long been a fertile ground for meme coins, with tokens like Bonk and MEW gaining significant traction in recent weeks. Bonk’s price stands at $0.00002181, showing a modest weekly growth of 4.5%, while MEW, trading at $0.009154, has spiked by over 34.5% in the past month. MEW’s price surge followed its recent listing on Bitstamp, showing how strategic exchange listings can influence token performance.
MAGA Coin’s Decline Amid Election Buzz
Screenshot of MAGA Coin’s 24-hour price movement taken from the CoinGecko website
Contrary to expectations, MAGA coin’s value dropped dramatically by 41.9% over the past week, currently sitting at $2.25. The coin, associated with former US President Donald Trump’s campaign slogan, saw its value dip despite Trump’s election win. Analysts suggest a wider downturn in politically-driven tokens, with the PolitiFi market segment slipping by 12.9%, likely impacting MAGA’s price.
JetBolt: Tech-Driven Token Impresses Whales
While meme coins continue to attract casual investors, crypto whales are shifting their focus to innovative altcoins with high-tech features. JetBolt (JBOLT) has emerged as a favourite with its zero-gas technology, enabling users to transact without the typical blockchain fees. JetBolt’s unique social staking system, allowing users to stake and engage with friends, has further fuelled its presale success. Since August, over 41 million JBOLT tokens have been sold, and its presale offers incentives of up to 25% extra tokens for early adopters.
PNUT’s Meteoric Rise on Elon Musk Mention
Newcomer Peanut the Squirrel (PNUT) has seen its market cap soar to $120 million within days of its launch, currently trading at $0.1188 with a 26.7% gain over the last 24 hours. Crypto experts link PNUT’s rise to Elon Musk’s casual mention of “PNUT” in a tweet, once again underscoring the powerful impact of celebrity endorsements on meme coin prices.
