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Solana chain Meme coins collectively explode, with multiple new tokens surging over 100 times in 24 hours
【Crypto Rhythm】 Meme coins on the Solana chain have recently sparked a small wave of enthusiasm. On January 12th, the live project The Trophy Tomato(SOL) became the focus — its market capitalization once surged past 15 million USD, now retreating to around 10.17 million USD, with a price of approximately $0.0121, and a 24-hour increase of 40%.
Not just this one project is booming. During the same period, almost all newly issued Meme coins on the Solana chain are in the green:
RALPH performed the most steadily, with a 24-hour increase of 123%, a market cap of 7.85 million USD, and a price of $0.0079; 114514 saw an even more dramatic rise of 120%, with a market cap of 5.72 million USD and a price of $0.0057; the most exaggerated is WhileGuru, which achieved over 1000x increase on its launch day, with a market cap of 5.7 million USD and a current price of $0.0057; Buttcoin ranks among the top with a 350% 24-hour increase, a market cap of 5.3 million USD, and a price of $0.0053.
Behind this collective rise, it is actually market sentiment and hype around concepts driving the movement. Meme coins themselves lack real-world application or value support, and their prices are extremely volatile. For investors, such trading opportunities are tempting, but the risks are equally huge — timing of buying and selling is crucial.