Solana

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<p class="is-style-lead">Solana-based meme coins led the charge as the crypto fear and greed index approached the greed zone of 60.</p>
<p>LandWolf (<a rel="noopener noreferrer nofollow" href="https://crypto.news/price/landwolf/">WOLF</a>) and Moo Deng (<a href="https://crypto.news/price/moo-deng/" target="_blank" rel="noopener noreferrer nofollow">MOODENG</a>) were the best-performing tokens as they rose by over 112% and 56% on Sep. 27.&nbsp; WOLF has surged by over 390% from its lowest point this month, bringing its market cap to over $38 million.</p>
<p>Moo Deng has performed even better, skyrocketing by over 1,800% from the September low, pushing its valuation to nearly $200 million.</p>
<p>Other popular Solana (<a href="https://crypto.news/price/solana/" target="_blank" rel="noopener noreferrer nofollow">SOL</a>) meme coins have also seen double-digit gains in the past few days. Notably, Popcat (<a href="https://crypto.news/price/popcat/" target="_blank" rel="noopener noreferrer nofollow">POPCAT</a>) surged, bringing its market cap to $1 billion for the first time.</p>
<p>You might also like: <a rel="noopener noreferrer nofollow" href="https://crypto.news/popcat-hits-all-time-high-as-market-cap-surges-past-1b/"> POPCAT hits all-time high as market cap surges past $1b </a></p>
<p>Their performance coincides with improved sentiment in the crypto market. Bitcoin has jumped from its September low of $52,000 to over $65,000, while the crypto fear and greed index has risen from the fear zone of 34 to 56.</p>
<p><a href="https://crypto.news/what-are-meme-coins/" target="_blank" rel="noopener noreferrer nofollow">Meme coins</a> often outperform large-cap coins like Bitcoin and Ethereum during bull runs due to their lower prices.</p>
<p>Additionally, data shows that Solana’s decentralized exchange volume has risen by over 32% to $6.3 billion in the last seven days. This volume was largely driven by decentralized exchange platforms like Raydium, Orca, Phoenix, and Lifinity.</p>
<p>Data from Solscan shows that many investors have purchased Moo Deng and LandWolf, which explains their rising daily volume. LandWolf has over <a href="https://solscan.io/token/Faf89929Ni9fbg4gmVZTca7eW6NFg877Jqn6MizT3Gvw#holders" target="_blank" rel="noopener noreferrer nofollow">45,000 holders</a> while Moo Deng has accumulated more than 20,000 holders.</p>
<p>One of Moo Deng’s holders was highlighted by LookOnChain, which noted that the trader had converted $1,331 into $3.4 million within 15 days. Another trader bought the token when its market cap was at $70,000, making a profit of almost $392,000. Such statements often lead to fear of missing out, triggering parabolic price moves.</p>
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   <p lang="en" dir="ltr">This guy is such a smart trader!<br><br>Entered $MOODENG at a $70K market cap and made $392.2K! ($70K→$207M) <a href="https://twitter.com/hashtag/MOODENG?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#MOODENG</a><br><br>Entered <a href="https://twitter.com/search?q=%24omochi&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$omochi</a> at a $28K market cap and made $251.7K! ($28K→$24M)<br><br>Entered <a href="https://twitter.com/search?q=%24PESTO&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$PESTO</a> at a $75K market cap and made $65.3K! ($75K→$24M)<a rel="noopener noreferrer nofollow" href="https://t.co/pOpjAW4RIh" target="_blank">https://t.co/pOpjAW4RIh</a> <a rel="noopener noreferrer nofollow" href="https://t.co/yCsKVDVBix" target="_blank">pic.twitter.com/yCsKVDVBix</a></p>— Lookonchain (@lookonchain) <a href="https://twitter.com/lookonchain/status/1839561317449097619?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">September 27, 2024</a>
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<p>Additionally, Ki Young Ju, the CEO of CryptoQuant, noted that cryptocurrencies were soaring due to the anticipated release of Changpeng Zhao, the founder of Binance.</p>
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   <p lang="en" dir="ltr">CZ is getting out early today—bullish vibes everywhere. Not sure why, but I’m feeling it too. <br><br>He just needs to post “I’m back” and the market will skyrocket. <a rel="noopener noreferrer nofollow" href="https://t.co/aFtIePtJSN" target="_blank">https://t.co/aFtIePtJSN</a></p>— Ki Young Ju (@ki_young_ju) <a href="https://twitter.com/ki_young_ju/status/1839628265230909690?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">September 27, 2024</a>
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<p>Other catalysts for LandWolf, Moo Deng, and other cryptocurrencies include Federal Reserve interest rate cuts and massive stimulus measures by the Chinese government.</p>
<p>You might also like: <a rel="noopener noreferrer nofollow" href="https://crypto.news/solana-meme-coin-moo-deng-soars-over-40-in-24-hour-trading/"> Solana meme coin Moo Deng soars over 40% in 24-hour trading </a></p>

LandWolf, Moo Deng surge as Solana DEX volume jumps

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