Solana meme coins have been making waves in the cryptocurrency market, outperforming major players like Bitcoin and Ethereum in recent months. The potential approval of Solana ETFs by asset managers VanEck and 21Shares in the US could further boost these tokens, according to market expert Leshka.
Leshka highlighted several top Solana meme coins to keep an eye on. POPCAT, a cat-based meme coin, has seen a 55% price increase in the last two weeks and is currently the 4th largest meme coin on Solana with a market cap of $441 million. Despite lacking intrinsic value, POPCAT has a strong community backing.
MICHI token, another cat-based meme coin, is expected to see price increases with the upcoming launch of MichiSwap, Michi NFTs, and the Michi NFT Marketplace. Bonk Inu, which has expanded into DeFi, cross-chain messaging protocols, and NFT marketplaces, has also caught Leshka’s attention with its growth potential.
Dogwhifhat (WIF) is currently the top Solana-based meme coin with a market cap of over $1.6 billion. Despite a recent price drop, Leshka sees it as a symbol of progress in futuristic transactions. Political meme coins related to US politicians, such as OBEMA and BODEN, have gained traction as the November elections approach.
Solana’s native token SOL has seen a price recovery in the past 24 hours, trading at $138.70 at the time of writing. While SOL is down over 13% monthly, it is up 540% year-to-date, showing significant growth potential.
In conclusion, Solana meme coins are creating a buzz in the crypto market, with the potential for further growth with the approval of Solana ETFs. Investors should keep an eye on these top meme coins as they continue to make waves in the industry.