Solana

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Silly Dragon

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Silly Dragon, a new memecoin based on the Solana blockchain, has marked a notable increase in value. 
Silly Dragon (<a href="https://www.coingecko.com/en/coins/silly-dragon" target="_blank" rel="noopener">SILLY</a>) has achieved a market capitalization exceeding $140 million, with its price climbing to $0.147. This represents a substantial 36% rise in the past 24 hours and an impressive 300% increase over the last week. Earlier today, KuCoin also <a href="https://twitter.com/kucoincom/status/1739949242767311279" target="_blank" rel="noopener">announced</a> the token’s listing, further driving its trading volume. 
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 <a href="https://twitter.com/search?q=%24SILLY&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">$SILLY</a> trading is now live on <a href="https://twitter.com/hashtag/KuCoin?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">#KuCoin</a>! 🚀SILLY/USDT: <a href="https://t.co/1rxPLRPWcQ" target="_blank">https://t.co/1rxPLRPWcQ</a> Find out more about Silly Dragon in <a href="https://twitter.com/hashtag/KuCoinCryptoGem?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">#KuCoinCryptoGem</a> card.<a href="https://twitter.com/hashtag/Meme?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">#Meme</a> <a href="https://twitter.com/hashtag/SolanaEcosystem?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">#SolanaEcosystem</a> <a href="https://t.co/oPifdlra5g" target="_blank">https://t.co/oPifdlra5g</a> <a href="https://t.co/NxCBZ21OUF" target="_blank">pic.twitter.com/NxCBZ21OUF</a>— KuCoin (@kucoincom) <a href="https://twitter.com/kucoincom/status/1739949242767311279?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">December 27, 2023</a>
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 You might also like: <a href="https://crypto.news/modest-investors-turned-into-millionaires-via-solana-rally/"> Modest investors turned into millionaires via Solana rally </a> 
Silly Dragon, launched on Dec. 16, has quickly gained traction among memecoin enthusiasts. The inspiration for the token traces back to last Halloween, when Anatoly Yakovenko, the co-founder of Solana, appeared at a conference dressed as a dragon. 
Despite its recent success, the smart contracts associated with SILLY have not yet been verified, which is a crucial aspect for investors to consider regarding security and transparency. 
The token’s distribution reveals that the top ten currency holding addresses, excluding those of centralized exchanges (CEX), currently possess 18.5% of the total SILLY tokens. These holders are reportedly experiencing an average floating profit of 30 times their initial investment. 
The rise of SILLY coincides with a broader upswing in the <a href="https://crypto.news/solana-and-xrp-trending-analysts-expect-this-p2e-coin-to-rally/">Solana</a> ecosystem. SOL, the native token of Solana, has seen a 35% increase over the past week. Similarly, other prominent Solana-based tokens, such as Chainlink, The Graph, and Render, have also experienced growth, each recording over a 10% rise this week. 
 Read more: <a href="https://crypto.news/why-is-crypto-down-today/"> Why is crypto down today? </a>

Solana memecoin Silly Dragon reaches 300% weekly rise

crypto.news

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