Solana meme coins are worth $22b: Keanu could be next big thing

Solana’s ecosystem is having a great year, helped by the soaring meme coins, whose cumulative market cap has jumped to over $22 billion. This growth has helped the network to flip Ethereum in terms of DEX volume, a trend that could continue in the coming months. 

Solana meme coins are doing well

Data shows that Solana meme coins are now collectively valued at over $22 billion, making them bigger than some of the biggest companies in Wall Street like Super Micro Computer, Mobileye, Affirm Holdings, DraftKings, and Walgreens Boots Alliance.

Interestingly, all these tokens are less than two years old. Bonk, the oldest Solana meme coin, is now valued at over $3.23 billion. It has also been overtaken by Dogwifhat, a popular meme coin valued at more than $3.4 billion. 

Popcat’s market cap has surged to over $1.7 billion, while Peanut the Squirrel, Goatseus Maximus, and Cat in a dogs world have all attained a market cap of over $1 billion.

Solana’s meme coin ecosystem has done well because of Pump.fun, a platform that enables users to generate meme coins. Most of these Solana meme coins have been generated using the Pump.fun ecosystem. These Pump tokens are now valued at almost $8 billion. 

The biggest tokens in the ecosystem are the likes of PNUT, GOAT, FWOG, Moo Deng, and Act The AI Prophesy. 

Developers prefer Solana’s blockchain to launch their tokens because of its superior speeds and low transaction costs. Solana typically handles over 2,000 transactions a second compared to Ethereum, which processes less than 50. 

Solana meme coins have made it a juggernaut. This month, Solana’s DEX networks have handled coins worth $70.3 billion, almost double the $35 billion that Ethereum handled in the same period. 

Keanu meme coin could be the next big thing

Keanu, an upcoming cryptocurrency could be the next big thing in the cryptocurrency industry when it launches on Tuesday.

Unlike most meme coins, Keanu will not have a token sale. Instead, it will have a fair launch, which is a process where developers launch a token directly to the market and allows it to have a price discovery. 

It differs from Initial Coin Offerings (ICO) and token sales in that there is no pre-mining and pre-sale, which can disadvantage many investors. 

The Keanu meme coin is based on Keanu Reeves, the third most popular person in the United States. Keanu is an actor and musician who has been in the industry for over four decades and has appeared in several movies like Street Kings, Man of Tai Chi, and Constantine.

The token is inspired by many other popular celebrity-themed tokens like Mother Iggy, which has a market cap of $70 million and Daddy Tate. Analysts are optimistic that Keanu token could be the next big thing in the crypto industry because of the name recognition and the popularity of Solana meme coins. You can learn more about the Keanu meme coin here.

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