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Investors are greeted by the dramatic arrival of the altcoin season today, following the price pump of BTC. After a long decline, the Giant crypto coin traded above the $64k price range today. Similarly, several altcoins followed the trends of BTC by posting impressive gains in the last 24 hours.
Solana and assets in the network also printed notable gains. SOL is valued at $151, about 5% higher than recorded yesterday. This article shares updates on the top trending tokens on the Solana chain.
Top Trending Cryptos on Solana Chain
Also on the presale project to watch is the SPONGE token. Traders who missed the Pepe price action may still have a chance with the SPONGE token. The memecoin rally is yet to spread to most cryptocurrencies in the sector, and this post shares insight into how investors can benefit from the sponge trend.
1. Gamestop (GME)
The GME meme coin, built on the Solana blockchain, is a nod to the GameStop phenomenon. It embodies a spirit of defiance against entrenched financial powers and championing the resilience of ordinary investors. GME’s core tenets revolve around decentralization and democratization, ensuring equitable distribution of influence among its holders rather than being concentrated in the hands of a select few.
The GameStop short squeeze in January 2021 ignited a movement empowering small investor against institutional dominance. GME symbolizes this shift, representing a collective challenge from retail investors to Wall Street giants. The recent surge in its price by 52.80% in the last 24 hours and a staggering 3,674.21% over the past week reflects its community’s unwavering enthusiasm and backing.
Moreover, with a substantial circulating supply and a burgeoning market cap of $132,613,877, GME presents itself as a viable investment opportunity. Its availability on decentralized and centralized exchanges, particularly its popularity on Raydium, underscores its accessibility. The significant trading volume further highlights its market acceptance.
NEW LISTING ALERT
BitMart like the coin https://t.co/biPCdEwlrs
— GMEonSol 🎮 (@gmecoinsol) May 15, 2024
Meanwhile, the recent uptick in trading activity further suggests growing investor interest and potential for future growth. In essence, GME offers investors a chance to participate in a movement that challenges traditional financial norms and empowers the collective voice of retail investors.
2. Kitty Coin Solana (KITTY)
Operating on the Solana network, Kitty Coin aims to unite cat enthusiasts worldwide through its meme token. Leveraging Solana’s fast and cost-effective transactions, Kitty Coin offers accessibility to $KITTY in wallets, fostering a vibrant community. The project prioritizes community growth by engaging in activities like social media contests and giveaways.
Consequently, Kitty Coin Solana (KITTY) has skyrocketed by 88.83% in the last 24 hours. This surge follows a remarkable 279.17% increase over the past week, propelling KITTY into the spotlight of the cryptocurrency market.
With a circulating supply of 420 million KITTY tokens, the market capitalization of Kitty Coin Solana now stands at $578,368, marking a significant leap in value. This surge in price positions KITTY as a standout performer on the Sokona network. It has outpaced the broader cryptocurrency market (which saw a modest 0.60% increase) and similar meme cryptocurrencies, which experienced a 5.60% uptick over the same period.
Also, traders have flocked to decentralized exchanges, with Raydium emerging as the go-to platform for buying and trading KITTY tokens. The KITTY/USDC trading pair has been particularly active, boasting a trading volume of $119,015 in the past 24 hours alone.
Moreover, the recent surge in KITTY’s trading volume, which increased by 40.20% compared to the previous day, indicates a renewed enthusiasm in market activity surrounding the token. Kitty coin’s consistent trading above the 200-day simple moving average and high liquidity underscore its stability.
3. AMC (AMC)
AMC is a meme token driven by its community and aims to empower Wall Street Degens while fostering long-term community growth. With 100% of the liquidity pool burned and the $AMC contract renounced, investors are protected from rug pulls and malicious activities.
Currently priced at $0.02162, AMC has experienced a notable 31.11% price increase in the last 24 hours, with a trading volume of $53,893,678.25. Traded primarily on decentralized exchanges like Raydium, AMC/SOL is the most active trading pair, with a volume of $49,279,924 in the last 24 hours. Other popular exchanges for AMC trading include Orca and Meteora.
NEW LISTING ALERT
AMC is for community https://t.co/1iMSj3b7Zz
— AMC (@AMC0NSOL) May 15, 2024
The recent trading volume surge to $53,895,461 in the previous 24 hours signifies heightened market activity. Most of AMC’s trading activities are driven by the engaged community and its growing social media engagement. With the team’s focus on creating a project that rewards its community with wealth, AMC will likely retain its place as a top trending crypto coin on the Solana chain. Moreover, it also has the potential to record improved trading volume in the coming days as the memecoin season takes effect.
What Might Be The Next Top Trending Crypto
A recent official SPONGE Twitter page post shows that the project token claim will start soon. This means that early investors can claim their share of the token. According to the project’s website, the token has a market value of $0.001683 at the time of writing, and it is still available at a discount to investors through the presale page.
More interesting about Sponge is the offer of 163% returns on staked tokens. The details of the token claim are available on the project’s Twitter handle. It is equally circulated across its other social media outlets.
It’s almost time, #SPONGERS! 🧽 🤩
The $SPONGE #Presale will conclude later this month, with the claim anticipated to go live at the end of May! 🔥
More information coming tomorrow. Stay tuned!#SpongeV2 #Crypto #MemeCoin pic.twitter.com/ZGbpJDhKW9
— $SPONGE (@spongeoneth) May 14, 2024
Presale buyers who got the tokens vial for the presale offering are the priority group. According to the info shared on the Twitter handle, investors can also claim earnings from the staked SPONGE token.
Generally, Sponge V2 benefits significantly from the outstanding performance of the V1, which makes it one of the fastest-growing projects in the meme coin category. The project enjoys remarkable social media visibility, with hundreds of traders and investors engaging in the community daily. The growing visibility of the project attests to SPONGE’s potential to help investors achieve their long and short-term investment goals.
At its ATH, Sponge generated over $100 million in market cap, making it one of the top-performing meme coins of the time. However, there is a high chance of V2 widely outperforming V1 in the long run due to its wider publicity and the growing influence of meme coins in the market.
Investors expect to see Sponge on the top trending list alongside some established projects in the meme coin sector as the project becomes more mainstream. The project’s website offers additional information about the staking offer and other essential details.
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