Solana

Memecoin

Bonk

<p>According to <a href="https://twitter.com/CryptoSrm/status/1783103215719841864?t=MLxf8b5Md-IqQ8RLdFGqNQ&amp;s=19" target="_blank" rel="noopener noreferrer nofollow">Cryptoveteran</a>, a major rotation is underway in the memecoin sector, with investors ditching popular tokens like BONK, BOME, and POPCAT in favor of the Solana-based WIF coin.</p>
<p>The shift which was highlighted on X, pointed out “the largest rotations to $WIF in the last 24 hours” came from holders of POPCAT, Samcoin (SC), Memers (MEW), BONK, and BOME tokens.</p>
<div class="wp-block-rehub-colortitlebox rh-colortitlebox" style="text-align:left;border-radius:5px;box-shadow:0 10px 10px #00000007;background-color:#fafafa;color:">
 <div class="rh-colortitle-inbox" style="background-color:var(--rehub-main-color);color:#fbfbfb;border-radius:5px 5px 0 0"><i class="rhicon rhi-bolt-regular rh-colortitlebox-icon" style="color:"></i>
  <div class="rh-colortitle-inbox-label">
   Explosion in Meme Coin Market; How to find potential successors to $WIF, $PEPE, and $BONK? <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f92b.png" alt="🤫" class="wp-smiley" style="height: 1em; max-height: 1em;">
  </div>
 </div>
 <div class="rh-colortitlebox-text">
  <style scoped>.rh-toggler-open{height:auto !important}
.rh-toggler-open .rh-tgl-show, .rh-toggler-open .rh-tgl-grad{display:none !important}
.rh-toggler-open .rh-tgl-hide{display:block !important}
.rh-tgl-show, .rh-tgl-hide{cursor:pointer}
.rh-contenttoggler *{box-sizing: border-box !important}
.rh-toggler-wrapper{overflow: hidden;transition: all 0.5s ease; padding-bottom: 35px; margin-bottom:30px;box-sizing: content-box !important;position: relative;}
.rh-toggler-wrapper p:last-of-type {margin-bottom: 0;}</style>
  <div class="wp-block-rehub-contenttoggler rh-contenttoggler" data-height="100px">
   <div class="rh-toggler-wrapper" style="height:100px">
    <p>The key? Getting in early, especially during the <strong>ICO phase</strong>. Check out <a href="https://captainaltcoin.com/go/ll_inside/" target="_blank" rel="noopener noreferrer nofollow"><strong>NuggetRush</strong></a> today! This new memecoin combines play-to-earn gaming with authentic gold mining ventures. <a href="https://captainaltcoin.com/go/ll_inside/" target="_blank" rel="noopener noreferrer nofollow"><strong>Seize the opportunity</strong></a> with ongoing presale prices! Plus, prepare for $NUGX’s upcoming launch on major exchanges.</p> <span class="rh-tgl-trigger" style="text-align:center;position:absolute;z-index:2;bottom:0;left:0;width:100%;color:"><span class="rh-tgl-show" style="display:block">Show more +</span><span class="rh-tgl-hide" style="display:none">Show less –</span></span><span class="rh-tgl-grad" style="background-image:linear-gradient(to bottom,rgba(255,255,255,0) 0,#ffffff 100%);display:block;position:absolute;height:100px;bottom:0;left:0;z-index:1;width:100%"></span>
   </div>
  </div>
 </div>
</div>
<p>“Multiple wallets with at least six figures [are] rotating into $WIF,” the poster claimed, describing WIF as “the most powerful liquidity black hole, period” in the <a class="wpil_keyword_link" href="https://captainaltcoin.com/meme-coins/" title="memecoin" data-wpil-keyword-link="linked" target="_blank" rel="noopener noreferrer nofollow">memecoin</a> sector.</p>
<p>The claims appear to be backed up by on-chain data shared by blockchain analytics firm <a href="https://twitter.com/AyleyCarri44966/status/1783442795518374314" target="_blank" rel="noopener noreferrer nofollow">Ayley NFT</a>. Their metrics show that over the past 24 hours, the WIF token has surged to become the top Solana memecoin by daily trading volume at $933 million.</p>
<p>This puts WIF well ahead of former leader BONK at $467 million, as well as other notable meme tokens like Bonk of Meme ($286M), Slerf ($126M), and Popcat ($77.8M).</p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="576" src="https://captainaltcoin.com/wp-content/uploads/2024/04/image-1152-1024x576.png" alt="" class="wp-image-481203" srcset="https://captainaltcoin.com/wp-content/uploads/2024/04/image-1152-1024x576.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-1152-300x169.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-1152-767x431.png 767w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-1152-1536x864.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-1152-2048x1151.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-1152-267x150.png 267w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-1152-100x56.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-1152-623x350.png 623w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-1152-788x443.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-1152.png 900w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure>
<p><strong>So what is driving this intense interest and capital rotation into WIF?</strong></p>
<ol>
 <li>Viral Meme Origins: WIF is based on the viral “Shiba Inu in a woolen hat” meme that gained widespread popularity across online communities. Tapping into an already beloved meme likely provided an instant brand recognition and appeal for the token.</li>
 <li>Solana Affiliation: WIF was launched on the Solana blockchain, which has been gaining traction among decentralized app developers due to its advantages over Ethereum like lower fees and higher throughput. Solana’s rising prominence may be attracting speculative interest in WIF.</li>
 <li>Low Circulating Supply: With only around 998 million WIF tokens currently circulating, the memecoin has a relatively restrictive supply compared to other major meme tokens. This perceived scarcity could be fueling demand.</li>
 <li>Rapid Market Cap Growth: Within just four months of its launch in November 2023, WIF managed to achieve a market capitalization of around $4 billion, making it the third biggest memecoin behind DOGE and <a class="wpil_keyword_link" href="https://captainaltcoin.com/shiba-inu-price-prediction/" title="SHIB" data-wpil-keyword-link="linked" target="_blank" rel="noopener noreferrer nofollow">SHIB</a>. This breakneck growth likely stoked immense speculative interest.</li>
 <li>Meme Coin Mania: Investors may be piling into WIF simply chasing the next potential meme coin mania and jackpot-like returns, despite the significant risks associated with assets lacking intrinsic value that are prone to mass manipulation.</li>
</ol>
<p>So in essence, the WIF frenzy appears to be a confluence of its clever meme branding, affiliation with the rising Solana ecosystem, limited supply dynamics, and the overall speculative mania surrounding meme coin investments right now.</p>
<p><em><strong>Hunting for a small cap coin that could explode 10x? We’ve unveiled a few last week alone.<br>Get all our future calls by joining our <a href="https://t.me/captainaltcoincom" target="_blank" rel="noopener noreferrer nofollow">FREE Telegram community.</a></strong></em></p>
<div class="bigofferblock margincenter mb30 pt20 pl20 pr20 " style="">
 <div class="col_wrap_two mb0">
  <div class="offerbox_big_wrap flowhidden">
   <div class="image position-relative text-center col_item mobileblockdisplay img-maxh-350 img-width-auto"><a class="re_track_btn" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="noopener noreferrer nofollow"> <img decoding="async" class="lazyload" data-skip-lazy="" data-src="https://captainaltcoin.com/wp-content/uploads/thumbs_dir/Copy-of-P2P-Review-17-qi3pqhl3pi3mlojv8nq0upz5rcb68rblc7kuvhcaou.png" width="500" alt="Check NuggetRush ($NUGX)" src="https://captainaltcoin.com/wp-content/themes/rehub-theme/images/default/blank.gif"> </a>
   </div>
   <div class="product-summary col_item mobileblockdisplay">
    <h3 class="product_title entry-title font150 lineheight25 mb30" id="a-class-re_track_btn-href-https-captainaltcoin-com-go-ll_bottom-target-_blank-rel-noopener-noreferrer-nofollow-span-check-nuggetrush-nugx-span-a"><a class="re_track_btn" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="noopener noreferrer nofollow"> <span>Check NuggetRush ($NUGX)</span> </a></h3>
    <div class="rev_disclaimer font70 greencolor lineheight15 mb20">
     Sponsored: Invest Responsibly, Do Your Own Research.
    </div>
    <div class="buttons_col mb25 rh_big_btn_inline">
     <div class="priced_block clearfix">
      <div><a class="re_track_btn btn_offer_block" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="noopener noreferrer nofollow"> Buy NUGX Today </a>
      </div>
     </div>
    </div>
    <div class="bigofferdesc"><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Being in its <strong>ICO stage</strong>, NuggetRush offers a prime opportunity for early investors to get in at potentially lower prices <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>A unique <strong>play-to-earn</strong> gaming platform in the memecoin market <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>The platform combines artisanal and <strong>gold mining</strong> with cryptocurrencies in an unusual gaming context, offering a distinctive and immersive experience <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Fosters a strong <strong>community </strong>by encouraging physical meetups among members <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i><strong>NFT</strong> Integration with Prominent Characters
    </div>
   </div>
  </div>
 </div>
</div>
<p>The post <a href="https://captainaltcoin.com/investors-dump-bonk-bome-popcat-others-to-buy-this-solana-sol-memecoin-with-surging-trading-volume/" rel="noopener noreferrer nofollow">Investors Dump BONK, BOME, POPCAT, Others to Buy This Solana (SOL) Memecoin&nbsp;With Surging Trading Volume</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Investors Dump BONK, BOME, POPCAT, Others to Buy This Solana (SOL) Memecoin With Surging Trading Volume

Table of Contents

CaptainAltcoin

Other articles published on Apr 25, 2024

Advancements in US Stablecoin Regulation Approach Finalization

Shiba Inu Token Burning Accelerates Despite Market Downturn

Morgan Stanley brokers eyeing spot Bitcoin ETFs for client investments

Top Cryptocurrencies to Invest in Now April 25 – dogwifhat, EOS, KuCoin Token

BONK Sees Bullish Prospects As Community Votes Yes To Massive Burn

$1000 to $200,000 – Crypto Community Remain Confident For Shiba Inu and This New Gem’s Next Bull Run

Join our free newsletter for daily crypto updates!