{"id":561992,"date":"2024-08-07T15:56:09","date_gmt":"2024-08-07T15:56:09","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=561992"},"modified":"2024-08-07T13:49:21","modified_gmt":"2024-08-07T13:49:21","slug":"solana-meme-coins-surge-32-popcat-and-daddy-lead-the-charge-as-sol-soars-10","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/solana-meme-coins-surge-32-popcat-and-daddy-lead-the-charge-as-sol-soars-10","title":{"rendered":"Solana Meme Coins Surge 32%: POPCAT And DADDY Lead The Charge As SOL Soars 10%"},"content":{"rendered":"

Solana meme coins saw their collective market cap skyrocket more than 32% in the last 24 hours after SOL <\/span>surged<\/span><\/a> 10% during the same period to trade at $153.03 as of 8:55 a.m. EST.<\/span><\/p>\n

Popcat (POPCAT) and Daddy Tate (DADDY) emerged as the best 24-hour performers in the SOL meme coin space, according to <\/span>CoinMarketCap data<\/span><\/a>. <\/span><\/p>\n

After a 41% surge, POPCAT’s price climbed to $0.5912, while DADDY’s 36% jump pushed its price to $0.09301. POPCAT also registered the biggest gain in the market overall throughout the past day of trading.<\/span><\/p>\n

\"How<\/p>\n

Solana Ecosystem’s TVL Jumps As Jito And Raydium Both See Inflows<\/span><\/h2>\n

The Total Value Locked (TVL) in the Solana ecosystem also rose from $4.42 billion to $4.81 billion in the last 24 hours, according to <\/span>DefiLlama data<\/span><\/a>. Jito, the leader in this on-chain metric within the <\/span>SOL<\/span><\/a> ecosystem, registered a 10% increase. As a result, Jito’s TVL has been pushed up to over $1.81 billion.<\/span><\/p>\n

Other platforms such as Kamino, Marinade and Raydium all posted notable increases in their respective TVLs throughout the past trading session as well. Kamino’s TVL climbed more than 8%, while Marinade and Raydium’s TVLs jumped 7% and 11%.<\/span><\/p>\n

Net Inflows Turn Positive For The First Time Since The Recent Market Crash<\/span><\/h2>\n

Funds also started to flow back into the <\/span>Solana<\/span><\/a> ecosystem after both Monday and Tuesday saw negative net flows. More than $3.5 million left SOL projects and protocols on Monday, while over $7.1 million was withdrawn on Tuesday.<\/span><\/p>\n

This trend underwent a positive shift recently, with investors starting to pour capital back into the ecosystem today. In the past 24 hours, net flows have turned green and recovered to stand at $25.6 million.<\/span><\/p>\n

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