Solana’s meme coin sector has been explosively growing so far in 2024, and considering the recent additions, it appears they have no plans to stop.
In the past few weeks, the Solana ecosystem has seen the release of numerous meme coins based on dogs, cats, and even sloths. Moreover, platforms like DexTools have shown that these meme coins are gaining popularity and dominating the list of hot pairs and big gainers.
Cat meme coins are on the rise: Who has gained the most?
The most popular coin in DexTools right now is MEW. It is the native cryptocurrency of a new meme coin project called Cat In A Dogs World.
Solana's other meme coin, Book of Meow (BOMEOW), ranks 6th in the pair with SOL, while SLERF/SOL occupies 8th place on the list.
Despite being the hottest pair MEW price vs. SOL drops more than 17% within the last 24 hours. at the same time, BOMEOW experienced a massive pump of 276%establishing itself as the hottest meme coin of the day.
The overall excitement in the meme coin market has pushed both cryptocurrencies into top pairs, prompting traders to buy the most promising coins and tokens.
The cryptocurrency community has noted the recent rise in cat meme coins, with some analysts such as Mark Kelly sharing their findings on social media.
inside Cat-themed meme coins were the biggest gainers in late March. The biggest of these is Catwifbag recorded 609% growth during this period. The following were BabaCat (576%), Catcoin (566%), Imeow (231%), and Poncho (207%).
Although Kelly pointed out Catcoin's superiority a week ago, his findings remain important. In fact, he predicted the cat meme coin trend that is slowly gaining momentum.
Given the fact that he was right about cat coins, many are taking seriously his recent video about Solana's new sloth-based meme coin, Slothana (SLOTH).
Meme Coin's next big hit
Kelly speculated that Sloth could be the next Dogecoin or Shiba Inuthe project is still in pre-sale, but the community response has been overwhelmingly positive so far.
The sloth did something Raised over $7.7 million in just one weeksell 10,000 sloths for 1 SOL.
As mentioned earlier, one of the Solana meme coins currently trending on DexTools is SLERF. May suggest post-launch performance of SLOTH.
Although it is impossible to claim this with certainty, it is worth noting that SLOTH is similar to SLERF.
Both are Solana-based meme coins based on sloths and were created to be fun and engaging meme coins. SLERF is already live, and SLOTH should be coming soon.
Considering that meme coins are currently attracting attention, SLOTH comes out at just the right time To benefit from all the hype and excitement in the industry.
Please visit the official pre-sale site You can learn more.
final thoughts
Solana-based meme coins aren't the only ones exploding, but that network is certainly becoming very important to the meme coin sector and could possibly grow into a meme coin hub in the coming years.
Of course, it's worth pointing out that this is all just speculation. No one knows for sure what will happen regarding cryptocurrencies. That is why you should not believe that someone's claims are 100% accurate. Instead, it's important to do your own research and draw your own conclusions before taking action.
