Football Takeover? Solana-Based Token Skyrockets 350% Following Messi and Ronaldinhos Promotion

On Monday, professional football player Lionel Messi promoted a Solana-based memecoin to his 504 million Instagram followers. The Argentine player shared a link to Watercoin (WATER), propelling the token by 350%. The crypto community has expressed concern about Messis endorsement of the project. Related Reading: Can Solana Hit $160? SOLs Resilience Sparks Rally Optimism Global Football Stars Promote WATER Lionel Messi, one of the best players in football history, promoted a Solana project named Watercoin. The football players Instagram account shared an image of Messi with the projects logo and a link to its Instagram page. Following the post, the memecoin surged over 350%, going from $0.00032 to $0.0015 in a few hours. WATERs market capitalization rose by 325%, surpassing the $100 million mark. Quickly, users expressed their concerns and doubts about the posts. Many speculated that Messi was a new victim of hackers who have restlessly targeted public figures social media accounts in this cycle. Nonetheless, Messis Instagram story has not been deleted as of this writing, and no official report of a hack has been made public, suggesting that the post was authorized. Additionally, several uses pointed out the football players previous endorsement of crypto projects. In February, the Inter Miami player announced his partnership with the Real-World Assets (RWA) tokenization platform. At the time, the platforms token PLANET saw high volatility after soaring by 1,500%. Moreover, the legitimacy of Messis promotion seems to be confirmed on Tuesday morning. Earlier today, retired Brazilian sensation Ronaldinho promoted WATER on his Instagram account. The post has the same format as his former teammates story, with a picture of the football player and WATERs logo. Is WATER Another Solana-Based Scam? Regardless of the posts legitimacy, the crypto community remains concerned about the project. Many users pointed out that the team behind Watercoin is the same team responsible for another Solana-based memecoin, Beercoin (BEER). As reported by NewsBTC, BEER crashed down last month after whales started selling large sums of the token. Seemingly, team-related wallets started cashing out, which plummeted the price and fueled deep concerns about the project. Since then, BEER has seen a 95% price decline. Like Beercoin, WATER is surrounded by insider trading concerns. Crypto analytics firm Bubblemaps urged users to remain vigilant of the Solana token. Per the post, insiders control 30% of WATERs total supply. It is worth noting that WATER raised over $40 million in presale and reached a $1 billion market cap after launching last month. However, the token seemingly experienced significant insider activity, which plummeted the tokens valuation by 97%. Related Reading: Notcoin Rises 80% Over The Weekend, Is A NOT Explosion Coming? Despite this, some market watchers believe WATER is starting to look solid based on its current trading activity. VikingXBT suggested that the token could double its price if it successfully flips the $0.0011 resistance level. At the time of writing, WATER trades at $0.00095, a 198% increase in the last 24 hours. Featured Image from Unsplash.com, Chart from TradingView.com

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Crypto sleuth investigates suspect in Sydney Sweeneys hack

Onchain detective ZachXBT has linked the convicted UK hacker Gurvinder Bhangu to Sydney Sweeney and Bob Odenkirks crypto hacks.

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Baked Or Burned? Trader Makes 307x From Solana Token But Investors Raise The Alarm

Over the weekend, a crypto trader turned 70 SOL into $3 million with a Solana-based token. However, the investors success story was overshadowed by the controversial launch of the memecoin that made it possible. Related Reading: Avalanche (AVAX) Price Rallies: Can It Break Through the $30 Barrier? Trader Makes $3 Million In Minutes A crypto trader made millions in 30 minutes after investing $9,923 in Solana-based memecoin BAKED. Lookonchain reported that a sniper spent 70 SOL to buy 81.78 million BAKED. 30 minutes later, the trader sold his holdings for 21,581 SOL, worth around $3.06 million, in 76 transactions. The feat was achieved by a seemingly lucky trader who previously invested and lost money in other Solana memecoins. The on-chain analysis platform concluded that the investor was likely not an insider as it had bought the tokens from Raydiums pool instead of the Degen Fund. However, Lookonchain revealed that BAKEDs team and insiders hold over 70% of the supply. Per the report, the dev wallet spent 11.82 SOL to buy 300.72 million BAKED from the Degen Fund, where the token was launched. The wallet bought the Solana memecoin while minting tokens and 206.9M $BAKED was added to liquidity. 19 wallets snatched up the remaining 492.37 million tokens in one second. These wallets were created simultaneously with the dev wallet and were funded by Bitget. 15 out of 19 wallets withdrew SOL from Bitget three days ago and are suspected to be linked to BAKEDs team and insiders. As a result, 78% of the supply, worth around $15.6 million, was held by insider and dev-related wallets. The wallets spent 82.4 SOL, around $11,700, to buy 779.85 million BAKED before selling. At the time of Lookonchains report, the insiders had sold a small portion of their tokens and still held 76.36% of the supply. BAKED has plummeted by 58% in the last 24 hours, currently trading for $0.01260. Is The New Solana Token Launch Baked Or Burned? Crypto investors refuted the claims that the lucky sniper was not an insider and expressed discontent with the Solana memecoin launch. Additionally, users have called the BAKED token a scam due to an alleged lack of transparency. GUMMY investors were supposed to earn a 15% reward on BAKED tokens for staking their tokens on July 1. However, users reported they did not receive any reward after unstaking their holdings. According to Web3 Forensics, users successfully unstaked their GUMMY tokens but no investor had been able to get BAKED rewards by Monday morning. One investor considers the projects team held our $GUMMY hostage so we couldnt profit off of the $BAKED launch. Moreover, many users highlighted that GUMMYs value has significantly decreased since they staked their holdings. Per the reports, every $1,000 staked in the token is now worth around $140. Many believe that the team behind the Solana-based tokens, including Crypto Banters founder Ran Neuner, used every single investor or Community Member who trusted you. On the official telegram group chat for the token, the team asked investors to calm down and relax. The team assured the project was not a scam and explained that none of them got an early entry. Moreover, the message stated that a higher price for the token meant a better valuation for your gummy airdrop and that the airdrop details would be announced soon. Related Reading: Bitcoin Price Blasts Past $63,000: Top 3 Reasons Ultimately, the launch didnt receive a positive response. Several users stated they would get away from the GUMMY, BAKED, and Crypto Banter community as quickly as possible. Featured Image from Unsplash.com, Chart from TradingView.com

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Master Of Scams: Metallicas Hacked X Account Promotes Solana Token

Rubmar is a writer and translator who has been a crypto enthusiast for the past four years. Her goal as a writer is to create informative, complete, and easily understandable pieces accessible to those entering the crypto space. After learning about cryptocurrencies in 2019, Rubmar became curious about the world of possibilities the industry offered, [...]

The post Master Of Scams: Metallicas Hacked X Account Promotes Solana Token appeared first on Crypto Breaking News.

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Major Listing Propels This Solana AI-Based Token To New Peaks Beyond $5: Is it Time To Buy?

Solana-based altcoins and artificial intelligence (AI)-based coins have seen a surge in investment and price appreciation in recent months. Among the notable winners is io.nets native token IO, which surged above the $5 mark and saw a substantial 50% increase within hours of a major listing announcement.  What Drives Investor Interest In io.net?  The worlds [...]

The post Major Listing Propels This Solana AI-Based Token To New Peaks Beyond $5: Is it Time To Buy? appeared first on Crypto Breaking News.

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Solana Is For Baddies: Rapper Iggy Azalea Joins The Controversial Celebrity Token Frenzy

For the past week, a controversial celebrity token trend has emerged. Mainstream media figures began launching Solana-based memecoins and seemingly showing interest in cryptocurrencies. Related Reading: Is Solana Preparing For Liftoff Or Meltdown? Analysts Forecast SOLs Future The latest star to join the celebrity token frenzy is Australian rapper Iggy Azalea, who saw a controversial launch similar to Caitlyn Jenners JENNER token. Who Is Solana? On Monday, Azalea surprised the crypto community by showing interest in cryptocurrencies. The rapper and model posted on X asking, Who is Solana? I dont know that bitch. The post has gathered over 1.8 million views and caused controversy in different communities. Stan Twitter interpreted the post as a drag to American R&B singer SZA, which caused many fans to attack Azalea. However, the rapper quickly clarified the issue, replying, Girl, Im talking about crypto. After that, Azalea found her introduction to the crypto community overshadowed by the allegations of her involvement with alleged scammer Sahil Arora. As reported by NewsBTC, Arora was allegedly responsible for the launch of several celebrity and influencer tokens, which he ultimately rugged. Rapper Rich The Kid and Olympian Caitlyn Jenner called him out for scamming them and taking advantage of their followers. Both celebrities continued their crypto journey, promoting their tokens and engaging with community members. Following the scam allegations, Arora seemingly has continued to take advantage of crypto investors. Azalea is accusing the alleged serial scammer of using her image as the rapper distances herself from his practices. In The Fastlane From Music To Crypto Azalea explained that Arora and her team had a conversation regarding crypto, but her recently launched token was unrelated to him. Allegedly, Arora had fabricated fake screenshots and used the rappers name to raise over $380,000 in a presale for a token named IGGY. As an X user reported, Arora claimed to be working with the Australian rapper on Telegram. He stated that his next mega launch would happen in the next 12-24 hours. After raising 2.246 Solana (SOL), the alleged scammer told investors they would get automating WL to all further launches. Additionally, investors would receive a 10% SOL airdrop rationally from Aroras profits on each launch and an airdrop of $iggy when we hit $10m market cap. However, Azalea launched a different Solana-based token called MOTHER on Tuesday. The token references the LGTBQ+ culture term that got popularized in recent years in online stan culture. Azaleas token was launched only a few hours after Aroras IGGY token, which confused investors. After being asked, the rapper explained that she launched her Solana-based token to stop Arora from taking advantage of her name: I never had a date to, it was something I had interest in hence the convo with my ppl. He made a weird presale yesterday and said I was making a coin with him today so I decided to drop one so he couldnt use me for his weird scam. If I have a coin of my own figured his would die. Its that simple. The community continued questioning her links to Arora after posting an Instagram story with a man looking like him. However, it was later revealed that the individual was Azaleas brother, Mathias Kelly. MOTHER Beats IGGY According to Solana Floor, MOTHER reached a market cap of $50 million at its peak. The token soared by 63,000% in the following hours, going from $0.00004968 to $0.03179. In the last 16 hours, the token has amassed a trading volume of $126.8 million. At writing time, MOTHER is trading at $0.01634, representing a 21,000% surge from its launch price. Related Reading: Solana (SOL) Eyes a Strong Comeback: Will the Rally Ignite a Surge? In comparison, Aroras IGGY token saw its price soar to $0.009288 after launch before plummeting below the $0.00020 range. Currently, the scam token trades at $0.0001354 and has a market capitalization of $134,000. Featured Image from Wikipedia.com, Chart from TradingView.com

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3 Best Meme Coins to Invest in March 2025: LAUNCH100 Is Ending SoonStack BTFD While SNEK and GIGACHAD Go Wild

Lets cut right to the chaseBTFD Coin is currently in Stage 15 of its meme coin presale, and this might just be the final chance for early birds to catch a 2900% ROI wave.

The post 3 Best Meme Coins to Invest in March 2025: LAUNCH100 Is Ending SoonStack BTFD While SNEK and GIGACHAD Go Wild appeared first on Kanalcoin.

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Solana Memecoin Presale Gone Wrong: Creator Accidentally Burns $10M, Whale Makes Huge Profit

A new Solana-based memecoin launched today, becoming the talk of the town, and whales have noticed it. However, the reasons behind this might be different from what everybody expects. Since its launch, Slerf (SLERF), the newest Solana-based project, has been trending for all the wrong reasons. The project successfully raised $10 million during its presale and saw most of the token supply burned by accident. Related Reading: Solana Market Cap Set To Skyrocket 1,000%, Says Crypto Fund CEO Solana Memecoin Launch Sees Millions Gone Just a few hours ago, the Slerf creator and the presale investors were full of excitement and expectation as the tokens launch approached. Everything appeared normal as the projects X account announced it had successfully burned $10.8 million worth of SLERF. For context, the projects website states that the slerfnomics included a total supply yet to be determined, with 50% of the tokens to be sent into the Liquidity Pool (LP) and 50% for the presale participants airdrop. Additionally, the tokens in the LP would be burned at launch, and ownership would be revoked. The project's "slerfnomics". Source: Slerft.wtf However, investors seemed confused about the amount burned and where the airdrop tokens would come from. Before realizing their mistake, the creator explained that the airdrop to the presale participants wasnt done before the burn because it was the safest way. The community quickly realized that something had gone wrong, as it seemed the projects team had no tokens left for the airdrop. The creator realized the mistake shortly after and announced it on X while apologizing. Guys I fucked up. I burned the LP and the tokens that were set aside for the airdrop, the post read. He further explained that the mistake was a simple mindless misclick while burning the LP. It was further explained that after the first attempt to burn the tokens failed, the creator checked the Sol incinerator and couldnt see the LP tokens. As a result, he decided to clean the wallet of the shitcoins sent there. This action accidentally burned the presale tokens supply alongside the other tokens. The mistake proved irreversible as the minting authority had already been revoked. Neither the creator nor the developers could access the burned tokens or mint new ones for the presale participants. From Sloths To Whales: Millions Made In 12 Minutes Whales took the opportunity to profit big on this Solana-based memecoin drama, as reported by Lookonchain. The blockchain research platform revealed that a whale wallet with over $32 million worth of SOL spent $606,000 (3,024 SOL) to buy 1.7 million SLERF. This wallet had never bought any tokens, and its newly acquired SLERF accounted for $1.5 million in unrealized profits a couple of hours ago. Unbelievable! This guy made ~$3.02M in just 12 minutes by trading $SLERF! He spent 9,894 $SOL($1.98M) to buy 69.74M $SLERF immediately after opening trading. Then sold it for 25,001 $SOL($5M) within 12 minutes. Making 15,107 $SOL($3.02M) in just 12 minutes! pic.twitter.com/KyKkefVdKj — Lookonchain (@lookonchain) March 18, 2024 A different whale wallet spent 9,894 SOL (worth $1.98 million) to buy almost 70 million SLERF immediately after opening trading. In 12 minutes, the trader sold the memecoin for 25,001 SOL (worth around $5 million) and made over $3 million in profit. However, these transactions raised the alarms of the presale investor and the community. Doubts of the accidental burn of tokens being much more than a mistake are high, as replies to the post suggest.  Many users believe these movements to be from insiders and not lucky people. – you aped 100 sol to $slerf presale – its midnight and you have to step into the wage-cage monday morning so you go to bed – you wake up & casually check on how the launch went – you see its at 1 billion, and think to yourself.. holy shit i must be up 7 figs – you figure out pic.twitter.com/QhqrrSu4sG — ponzisaur (@ponzisaur) March 18, 2024 The Slerf creator guaranteed it was an honest mistake during an X Space session. He also stated his principal concern was to make things right for those who saw their investment vanish. Moreover, he committed to finding a way to refund the presale participants. As of this writing, Slerf is live on X Space, asking the community for suggestions on how to repay them. The SLERF pumped to $1.24 after its launch, over 43.4% in an hour. The tokens price has decreased by over 52%, trading at $0.59 at writing time. Related Reading: SOL Price Crosses $200 Milestone, Whats Next For Solana? SOL is trading a $206.92. Source: SOLUSDT on TradingView.com Featured image from Unsplash.com, Chart from TradingView.com

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Solana Tokens Among Top Gainers: JUP and WEN Soar Over 12%, WIF Hits New ATH

The Solana ecosystem has experienced notable growth, and SOLs price has turned many experts bullish on it. Similarly, the Solana-based tokens are showing impressive performances during this bull run, with many being among the top gainers in different timeframes. Related Reading: Solana Smashes Major Resistance Levels, New All-Time High Imminent? Solana Chain Driven By Memecoins? According to CoinGecko data, Solana is currently the 5th largest blockchain by Total Value Locked (TVL), registering over 12.8% growth in the past day. During this timeframe, Solana has outperformed its competitors, including Ethereum, which has registered a 2.2% decrease since yesterday. In the 7-day and 30-day timeframes, Solana has seen a TVL growth of 35.3% and 89.8%, respectively. As displayed in the chart below, it surpassed the performance of the four chains above it. Top 5 blockchains by TVL. Source: CoinGecko.com Franklin Templeton Digital Assets shared its perspective on the value of memecoins and their native networks. The financial giant considers that theres a strong relationship between memecoins and the performance of their native chains. In the last year, crypto markets have seen multiple meme coins parabolically surge, most notably, Solana based BONK during Q4 2023. Solana daily active user addresses were up 75% quarter over quarter from Q3 to Q4 2023. The asset management firm deems that the connection between the two is further alluded to because the Solana network captured a large percent of the activity of all the active addresses during the same time that BONK saw a price surge during Q4 2023. According to CoinMarketCap data, the market capitalization of the Solana-based tokens increased by 5.5% from yesterday to over $222.36 billion. The performance of the memecoins seems to have put a notch on the networks belt. Performance Un-like Cats and Dogs Tokens in the Solana chain have registered massive performances recently, and the newest tokens around the block (dogwifhat, Wen, Jupiter) continue to shake the crypto market ground. Notably, dog- and cat-themed tokens continue to be hot topics in the community. According to CoinGecko Data, the Solana-based Myro, Bonk, and Popcat are trending tokens in their sub-categories. Las Vegas Puts Its Hat On Since the launch of dogwifhat (WIF), the token has gone from being a “cute dog with a crochet hat on to gathering a robust community seemingly able to back it up.” $WIF SPHERE UNLOCKED dog $wif hat, in all $SOL colors, coming to your local LAS VEGAS SPHERE HAT STAYS ON@dogwifcoin pic.twitter.com/NR1kln4X4u — Curb (@CryptoCurb) March 13, 2024 The over $650,000 raised for the wif on sphere fundraiser campaign could serve as evidence of the communitys support. As a result of the campaign, the Las Vegas Sphere will display WIFs icon for a week on the worlds largest LED screen. Since the news, the token skyrocketed to a new all-time high (ATH) of $3.36 this morning, representing a 42.3% increase in the last 24 hours. At writing time, WIF changes hands at $3.1, just 4.3% lower than its ATH. Space Suit On, Wen Goes To Jupiter Jupiter (JUP) recently announced its partnership with the cat-themed token WEN. The latest Jupiter Work Group (JWG) will collaborate with the WEN Work Group. According to the announcement, it will be focused on contributing awesome vibes and content to amplify crucial Jupiter message. Jup Wen Wen has a spacesuit for a reason, this cute cat is headed to Jupiter https://t.co/7k7h2AIdvk — Wen (@wenwencoin) March 13, 2024 The community seemingly took the partnership positively. After the news, both tokens surged. WENs price rose above $0.00040 in the early hours of the day, and its currently trading at $0.00038, a 12.5% increase in the last 24 hours. JUP propelled to a new ATH of $0.988, almost hitting $1. At writing time, the token is trading at $0.948, representing a 12.8% price surge in the 1-day timeframe. Similarly, its daily trading volume increased over 58%, with $418.04 million being traded in the past day. Related Reading: Solana Demand Soars As Institutions Buy Up SOL At A Massive 870% Premium The Crypto Total Market Cap is at $2.66 trillion. Source: TOTAL on TradingView.com Featured image from Unsplash.com, Chart from TradingView.com

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Solana Price Prediction: How high can SOL Reach Before 2023?

How much higher can the Solana price rise before 2023? This article is all about Solana Price prediction. Let's take a look

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Top 5 Tokens To Purchase On Solana in 2022

The post Top 5 Tokens To Purchase On Solana in 2022 appeared first on CryptoTicker.

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Solana Faces Make-Or-Break Moment As $1.77 Billion Unlock Looms

In a technical chart shared today, crypto analyst Koroush Khaneghah, Founder of Zero Complexity Trading, underscores Solanas ongoing downtrend, highlighting pivotal support and resistance levels on the SOL/USDT Perpetual (Binance) daily timeframe. According to the chart, Solana has lost several key zones and is currently hovering near the $157 areawhat Khaneghah labels as the last major support level. The Bearish Argument For Solana The downtrend continues as SOL gets rejected by another S/R flip and crashes down to the $150 level. Sentiment at an all-time low. Assume continuation until proven otherwise, Khaneghah writes via X. A prominent feature of the analysis is a support/resistance (S/R) flip around $180.58. Earlier in February, Solana attempted to reclaim this level but was met with strong selling pressure. The failure to secure a daily close above $180.58now acting as resistancesignaled renewed downside momentum. Following the drop, Solana has settled just above $157, marked on the chart as the Last major support level. Prices have briefly dipped below this zone, suggesting fragility in the markets current stance. A failure to hold $157 on daily closes increases the possibility of further decline toward the next significant horizontal line around $127.05visible at the lower end of the chart. Related Reading: More Pain Ahead For Solana? Dangerous Price Drop To $125 Looms With This Support Koroushs annotations also indicate that crossing back above $180.58 would shift the market bias from bearish to neutral. Until that happens, the analyst cautions that sellers appear to be in control, with negative sentiment around meme coins reinforcing the ongoing downtrend. The Bullish Argument For SOL Meanwhile, crypto analyst RunnerXBT (@RunnerXBT) has shared a orderflow analysis of the Solana (SOL) futures chart (2-hour timeframe on Binance) today. The chart underscores notable price points, liquidations, and changes in positioning ahead of the upcoming March 1 unlockwhen 11.2 million SOL (valued at roughly $1.77 billion) are scheduled for release. In the annotated chart, the price peaked in mid-January, reaching $295, before beginning a steady descent that has most recently seen SOL hovering in the mid-$150 range. The chart shows that from early to late January, there was a significant drop in open interest (OI) alongside a slide in the price, with Cumulative Volume Delta (CVD) suggesting it was driven primarily by long positions closing. RunnerXBTs notes attribute this to SOL weakness moving largely in tandem (1:1) with Bitcoin. By late January, after a more pronounced downward move, the price and OI both settled at lower levels. OI briefly rebounded in early February, though the chart indicates that initial long positioning was soon followed by short covering as traders pivoted to profit-taking or closed losing short positions. Despite this activity, SOLs price was unable to mount a sustained uptrend, reinforcing a broader sense of hesitancy among traders. Related Reading: Are Meme Coins Hurting Solana? Rising Selling Pressure Sparks Investor Concerns Around mid-February (February 1618) and again on February 24, the chart highlights phases of aggressive shorting and spot selling, which contributed to persistent downward pressure on the price. Though there were instances of short covering (notably around February 21, where CVD ticked up slightly), the overall momentum has remained subdued, with few signs of new long accumulation. On the right side of the chart, RunnerXBT has placed a vertical red line marking March 1 as the date of what he calls the biggest SOL unlock known to mankind. Many market participants appear to be front-running the event by selling in anticipation of a flood of new tokens hitting the market. This has the potential to drive heightened volatility. Yet, in his post, RunnerXBT warns against shorting SOL at current levels, explaining that he initially started monitoring this situation when the token traded just under $200 and is now seeking a scalp long after the unlock has happened. He points out that attempts to catch every 510% daily drop are dangerous and that traders who do so risk frequent stop-outs or liquidations. I dont think its a wise “new” short here of SOL. I started posting about the situation at jus under $200 per SOL. I am looking for a scalp long AFTER the unlock, people “frontrunning” it are getting stopped out or liquidated. You arent a hero catching -5% to -10% daily falling knives. […] TLDR: Looking for longs (not 5 days before unlock). NOT shorts. if people can’t read, i can’t help you, he writes via X. At press time, SOL traded at $158. Featured image from Shutterstock, chart from TradingView.com

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Solana Ecosystem: Top 10 Solana Coins That Could Make You a Millionaire in 2024

We had already predicted in our last SOL price prediction that SOL could reach $100 soon. This article is all about the top 10 Solana coins

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New Solana Memecoin Leader? PENGU Flips BONK Amid Whale Accumulation

The newly launched PENGU token has stolen the spotlight after becoming the largest Solana-based memecoin by market capitalization. The tokens rally has gathered massive interest from large-scale investors, who have heavily invested in the token over the last few days. New Solana Token Steals The Spotlight On December 17, the Pudgy Penguins Non-Fungible Token (NFT) [...]

The post New Solana Memecoin Leader? PENGU Flips BONK Amid Whale Accumulation appeared first on Crypto Breaking News.

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Analysts Bullish On Dogwifhat (WIF) $5 Target As Price Retests $4 Resistance

Solana-based Memecoin Dogwifhat (WIF) is among the tokens leading the crypto market. The cryptocurrency surged over 40% in the last 24 hours, breaking above the $4 resistance zone following its Coinbase listing. As a result, some market watchers forecasted a massive WIF rally before year-end. Related Reading: Market Pricing In A Higher Fair Value For Bitcoin As Price Discovery Continues Dogwifhat Rallies 40% Amid Coinbase Listing Dogwifhat has been one of the best-performing memecoins of this cycle, seeing a 2000% surge to its $4.83 all-time high (ATH) in March. The token led the Solana meme frenzy during Q1 but faced a significant 66% price drop in the following months while the market retraced. As the crypto market regained momentum, the token broke above the crucial $2 resistance zone, reclaiming this level as Q3 closed. Since Trumps victory in the US presidential elections, WIF has joined the markets broader rally, breaking out of an 8-month downtrend. WIFs reclaim of the $3 mark earlier this week fueled investors bullish sentiment as the token reached levels not seen since June. Moreover, the cryptocurrency experienced a massive 40% rally in the last 24 hours after being listed on a major crypto exchange. On Wednesday, Coinbase announced the listing of Dogwifhat alongside frog-themed memecoin PEPE. The news propelled a massive rally for the dog-themed token, sending its price from the $2.93 weekly low to the $4.00 resistance level. On Thursday morning, the memecoin rallied toward the $4.30 mark, seeing its highest price since early April. Since the listing news, WIF has tried to turn the $4 resistance into support, briefly losing the level as Bitcoin (BTC) retraced to $87,000. Despite the momentary retrace, Dogwifhat remained among the best-performing cryptocurrencies among the top 100 list, seeing a 9.9% increase in the last 24 hours, while the broader market bleed 2.2%. WIF To $5 By Christmas Day? Following its massive performance, some market watchers forecasted a $5 target for the cryptocurrency. Trader Koala suggested that WIF would see a deviation from its 24-hour $3.90-$4.30 range. After the deviation, the analyst stated that the memecoin could see a bounce from the ranges lows toward the range highs before moving toward the $5 zone. The token has momentarily recovered from the drop below $4, trading at the ranges lower levels, just 16.4% below its ATH. Meanwhile, another market watcher suggested that Dogwifhat could see a rally like Shiba Inus (SHIB) 2021 run. X user Sito noted that SHIB rallied 1800% after being listed in Coinbase, reaching its ATH of $0.00008616 42 days later. Related Reading: Dogecoin Frenzy Arrives In Korea: Kimchi Premium Returns Amid DOGEs 110% Rally Per the post, WIF could see its surge above the $50 mark if it performs similarly to SHIBs price action post-Coinbase listing. Sito pointed out that this would lead to WIFs price trading at $52 by Christmas day. Moreover, he detailed that SHIBs listing occurred towards the end of the previous bullish cycle, arguing that dogwifhats listing could be even more bullish as it would allow for more organic growth. As of this writing, WIF is trading at $4.05, a 71.6% surge in the last seven days. Featured Image from Unsplash.com, Chart from TradingView.com

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Institutional investments in Solana blockchain DApps up 54% in Q3

Institutional investments in Solana-based applications surged to $173 million in Q3 2024, marking a significant increase, according to a Messari report.

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Solana-Based Pump.Fun Records $15 Million Daily Revenue As Memecoin Mania Continues

Popular Solana-based Launchpad Pump.fun started 2025 with a record-breaking $15 million daily revenue amid the ongoing frenzy surrounding memecoins. The sector continues to be the best-performing narrative of the cycle, driving millions into the hands of investors. Related Reading: Altcoins To Explode In Early 2025: Analyst Says Grand Finale Is Around The Corner Pump.Fun Sees Record-Breaking Daily Revenue Memecoins have been this cycles largest narrative, with Solana-based tokens stealing the spotlight throughout 2024. This trend is seemingly set to continue this year after Solanas launchpad Pump.fun saw a record-breaking performance on January 1st, 2025. Last year, Pump.fun cemented itself as the most popular token launcher for simplifying the creation of memecoins and facilitating token deployment. During Q3 2024, the launchpad surpassed Ethereum and most Solana protocols, doubling the fees and revenue of these projects. The remarkable success of Pump.fun saw the creation of several competitors, including the Tron-based SunPump and multi-chain platform GraFun. Despite being banned in the UK in December, the launchpads performance remained steady, recording a daily revenue between $2 million and $3 million throughout the month. As of this writing, the platform has deployed 5.39 million tokens since its launch and generated over 2.02 million SOL in revenue, worth $418.7 million at current prices. Moreover, the Solana launchpad started 2025 with a new record-breaking day, surpassing its previous milestone. According to Dune Analytics data, Pump.fun registered 72,506 SOL, around $15 million, in daily revenue this Wednesday. This performance represents a nearly 30% increase from the 55,000 SOL recorded in late November. Additionally, the launchpad continued to dominate Solana decentralized exchange (DEX) transactions last month. Dune data shows that Pump.fun-related transactions accounted for 52.8% of all SOL DEX transactions in December. Memecoin Mania Continues Despite Criticism The platforms success has also brought heavy criticism. At the end of 2024, Pump.fun received criticism after several users broadcasted harmful and violent content using its Livestream feature. In late November, users created numerous memecoins using controversial prompts to become viral and pump their tokens. The trend started after a 12-year-old livestreamed himself rugging a memecoin. Amid the livestream chaos, the Solana launchpad registered its largest revenue day, recording 55,832 SOL, worth around $11 million, in a single day. However, the incident resulted in backlash from the crypto community and the temporary shutdown of the feature. Moreover, on-chain data analysis firm Lookonchain reported that Pump.fun deposited over 355,608 SOL to Kraken during the last day. This brings the total tokens sent to the exchange to 1,564,064 SOL and the amount sold to 264,373 SOL for 41.64 million USDC. The platforms transfers and sell-offs have also received significant backlash, with community members driving comparisons between the Solana-based launchpad and the Ethereum Foundation. Related Reading: Bitcoin Retests $95,000 Amid 4.2% Surge, Is A New Year Rebound Coming? Nonetheless, the memecoin narrative continues to dominate the crypto market, with the Solana Meme category on CoinGecko recording a 12.5% increase to a market capitalization of $20.9 billion in the last 24 hours, suggesting that the trend is likely to extend. Newer players like ai16z (AI16Z) and Fartcoin (FARTCOIN) saw an 8.9% and 43.7% daily surge to hit new all-time highs (ATHs) on January 2nd. Ultimately, these relatively new tokens have stolen the sectors spotlight, making it to the top 10 memecoin list in record time. Featured Image from Unsplash.com, Chart from TradingView.com

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Solana Price UP Slightly, but can Solana Continue Higher to $50?

Why is Solana price up today? Can Solana continue rising to $50? In this article Solana price prediction, we analyze SOL prices as of August 2023.

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