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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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 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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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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