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The cat-themed MEW coin has reached impressive new levels, surpassing its previous all-time high and exceeding a market capitalization of $1 billion. This significant achievement follows Bitstamp’s announcement of new trading pairs for MEW, including MEW/USD and MEW/EUR. Additionally, Upbit, Korea’s leading exchange, reported that MEW’s trading volume has surpassed that of Bitcoin, indicating its growing popularity as a meme coin.
Meanwhile, the trend of AI-driven cryptocurrencies is on the rise, with GOAT taking the lead. GOAT has also recently achieved a new all-time high (ATH) and continues to gain momentum. Moreover, tokens across several blockchains are posting price increases. This article focuses on the top trending cryptos on Solana Chain today.
Top Trending Cryptos on Solana Chain Today
The Hedgehog token (HOG) currently trades at $0.0261, with an approximate market cap of $26.07 million. Geckoro (KORO) is valued at $0.0134, with a market capitalization of around $13.45 million. Meanwhile, TRUST holds a price of $0.00591, has a market cap of about $614.39K, and a 24-hour trading volume of $127.18K.
Pepe Unchained ($PEPU) has gained traction recently, with its presale drawing considerable interest in the crypto community. Bitcoin, on the other hand, aims for a potential rise to $68,000 as it begins to recover from recent weekly losses.
1. Hedgehog (HOG)
The Hedgehog token (HOG) is currently priced at 0.0261, with a market cap of roughly 26.07 million and a 24-hour trading volume of 4.78 million, marking a substantial 23,722.26% increase in daily activity. Moreover, the coin’s circulating supply has reached its maximum of 1 billion tokens.
In terms of recent price movements, the session opened at 0.02606, reached a peak of 0.02607, and dipped to a low of 0.02583. At present, the token stands at 0.02602, which shows a slight decrease of 0.14% from its opening price.
During this session, the trading volume hit 18,554 HOG tokens, showing moderate activity. Around 14:45 to 15:15, the chart displayed a series of green candles, indicating a sharp increase and suggesting strong buying pressure. However, at approximately 15:30, a few red candles appeared, signaling a minor pullback likely due to profit-taking. By 15:45, smaller candles began to dominate the chart, indicating a shift toward a more stable, sideways trend with reduced momentum.
The initial price spike followed by a consolidation phase hints that the market may be waiting for new catalysts. While the elevated trading volume during the upward movement signals notable trader interest, the subsequent lower volume during the sideways trend suggests a pause in activity as participants adopt a more cautious approach. This pattern reflects typical market behavior, with further movement likely dependent on fresh developments.
2. Geckoro (KORO)
Geckoro (KORO) is priced at 0.0134, with a market capitalization of 13.45 million. Over the past 24 hours, the trading volume reached 2.50 million, reflecting a substantial 6,982.58% increase. Out of the maximum supply of 1 billion, all KORO coins are currently in circulation.
On the 15-minute KORO/USD chart on DEXTools.io, the price has reached 0.01344. During this interval, it recorded a high of 0.01346 and a low of 0.01334, with the current candle remaining small, signaling limited fluctuations. Earlier in the session, at around 14:45, a large bullish candle appeared, marking a sudden price increase.
Shortly after, this was followed by a candle with a high wick at 15:00, suggesting rapid price rejection as sellers brought the price down soon after buyers initially pushed it up. Following this moment of volatility, the price stabilized close to 0.01340, which could indicate a period of consolidation in the market.
Additionally, there was a significant spike in volume during the initial surge, highlighting strong interest or heightened activity at that time. As the price leveled off, trading volume subsided, indicating that many traders may be waiting for the next move.
Looking at the candlestick patterns, the large green candle followed by a red candle with a long upper wick suggests initial buyer momentum, which then slowed as selling pressure took over. The candles following this event are smaller, signaling reduced volatility and sideways movement.
3. TRUST (TRUST)
TRUST is valued at 0.00591, with a market cap of 614.39K and a 24-hour trading volume of 127.18K. Over the last 24 hours, the token has experienced a substantial 1,145.17% increase in trading activity. The circulating supply stands at 100 million TRUST coins, which is also the maximum supply available.
Analyzing the TRUST/USD trading pair on DEXTools.io, the price data appears in 15-minute intervals, with the most recent trading volume at 2.339K. At the latest candle, the price reached 0.006284, showing an interesting range of movements.
Initially, the price held steady in a sideways pattern, displaying low volatility and minimal fluctuations until approximately 16:00. Shortly after, around 17:00, the chart began to reflect a downtrend, marked by a sequence of red candles signaling bearish momentum as the price gradually declined.
Interestingly, this bearish trend was sharply reversed around 18:00, when a large green candle appeared, indicating a notable upward spike in price. This sudden surge moved the price from about 0.0035 to over 0.0062, suggesting a strong influx of buying interest. Alongside this price increase, trading volume, which had previously been low, saw a substantial rise. This spike in volume hints at heightened market activity and potentially a new wave of buyer interest in the token.
The trust game is an on-chain experiment featuring 50 carefully selected key figures from the Solana community each receiving 1% of the $TRUST token supply. Participate in the trust game by acquiring $TRUST.
Website:https://t.co/X32pVoScBo
CA:… pic.twitter.com/dc7VTqcG0j
— Trust Game (@trustgameio) October 25, 2024
The candlestick patterns on the chart show how market sentiment shifted over the trading period. The sideways consolidation phase with minimal volatility gave way to a downtrend, which was followed by a sudden bullish surge. The large green candle signifies strong buying pressure, though the next candle’s slight pullback, with a small upper wick, suggests some resistance or profit-taking among traders at the higher price point.
What Might Be The Next Top Trending Crypto?
Pepe Unchained ($PEPU) has recently garnered attention in the cryptocurrency space due to its impressive presale growth. Initially raising around $1 million weekly, the presale accelerated, raising $1 million in just one day, bringing the total to $22 million. This remarkable increase has drawn comparisons to early meme coin projects like DOGE, with analysts suggesting that larger investors may have ignited further interest.
Currently, the token price for $PEPU is $0.01177, a figure likely to rise as demand grows. Notably, crypto analysts have commented on the presale, indicating strong potential for appreciation once the coin lists on exchanges. With its foundation on Ethereum—a well-established platform—Pepe Unchained is well-positioned to benefit from potential market trends.
Additionally, the project aims to evolve beyond typical meme coins by establishing itself as a Layer-2 blockchain. The team has launched initiatives, including the “Pepe Frens with Benefits” grant program to attract developers and foster ecosystem growth.
$22M!!!
Just wait until you see what's cooking 😉 pic.twitter.com/4Wuhy2bfyL
— Pepe Unchained (@pepe_unchained) October 23, 2024
Investor interest spans retail and institutional participants, as demonstrated by a recent transaction of 19 ETH (about $51K) from a whale investor. With over 150 million $PEPU tokens staked and audits from Coinsult and SolidProof, the project appears credible.
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