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- Solana meme coin market cap surged 8.3%, exceeding $7 billion in 24 hours.
- BOME price jumped 14.24%, peaking at $0.01087, as its market cap rose to $713 million.
- BONK saw a 7.3% rally, trading at $0.0000234, as its market cap gained 7.38% to $1.6 billion.
The Solana meme coin market is surging, outpacing the broader crypto landscape as major coins like Bitcoin and Ethereum struggle.
Recent data reveals that in just the past 24 hours, the market cap of Solana-based meme coins has soared by a remarkable 8.3%, surpassing the $7 billion mark. Alongside this, trading volume has experienced an astonishing spike, reaching $2.103 billion.
This bullish momentum can be attributed to heightened market speculation, triggered by VanEck’s recent filing for the first Solana ETF in the United States. The anticipation surrounding this potential ETF has breathed new life into the Solana ecosystem, driving up trading volumes across its associated meme coins.
I am excited to announce that VanEck just filed for the FIRST Solana exchange-traded fund (ETF) in the US. Some thoughts on why we believe SOL is a commodity are below.Why did we file for it?A competitor to Ethereum, Solana is open-source blockchain software designed to… pic.twitter.com/XwwPy8BXV2— matthew sigel, recovering CFA (@matthew_sigel) June 27, 2024
$BOME Sees a Bullish Rebound
After opening at $0.009067, BOOK OF MEME (BOME) experienced a significant bullish turnaround following the recent filing. This dramatic upswing propelled BOME to the top of CoinMarketCap’s gainers list, hitting an impressive 7-day high.
Since then, BOME’s price has oscillated within a range, peaking at $0.01087 and dipping to $0.00901. At press time, BOME was trading at $0.1034, marking a 14.24% increase from its 24-hour low and a 17% rise over the past week.
Source: Coinmarketcap
This rally also saw BOME’s market capitalization soar by 14.24%, reaching $713,070,501, which secured it the 96th rank. Its 24-hour trading volume also surged by a massive 232.15%, climbing to $214,774,438.
$BONK Bounces Back
Solana-based memecoin Bonk (BONK) started the day at $0.00002178, dipping to an intra-day low of $0.0000215 before finding support. From there, BONK rebounded impressively, hitting an intra-day and 7-day peak of $0.0000249, marking a 15% rally.
Currently, BONK stands at $0.0000234, a 7.30% rise from the previous day. Despite the recent recovery, BONK is still down 38% over the past month and 50% from its all-time high of $0.00004704 in March.
Source: Coinmarketcap
During this recovery phase, BONK’s market capitalization increased by 7.38% to $1.6 billion, while its 24-hour trading volume surged by 77.16% to $285.68 million.
$BRETT: Sustaining the Momentum
As of press time, the BRETT token is trading at $0.1581, marking a substantial 122.69% increase over the past month, a 13.16% rise over the past week, and a 5.26% uptick in the last 24 hours.
Source: Coinmarketcap
CoinMarketCap data indicates that BRETT’s price rebounded from a support level of $0.1503 before it peaked at an intraday high of $0.1623. The token has since entered a consolidation phase, moving between this support and a critical resistance point at $0.1624.
Amid this rally, BRETT’s market capitalization saw a notable 5.28% increase, reaching $1,566,819,308. Additionally, its 24-hour trading volume surged by 25.28%, reaching $54,308,022, indicating a significant rise in trading activity.
The post Solana Meme Coins Surge as $BOME, $BONK, and $BRETT See Gains appeared first on Coin Edition.