Ethereum

Billy

Solana

Michi

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/solana-based-meme-coins-outperform-eth-based-meme-coins/" data-wpel-link="internal">Solana-Based Meme Coins Outperform ETH-Based Meme Coins</a><br></p>
<p style="text-align: justify">When examining reports from the first quarter of the cryptocurrency world, it was evident that Solana-based meme coins performed better than ETH-based meme coins by a significant margin. This performance difference reached up to 800% year-to-date (YTD). The first-quarter report of 2024 from <strong>CoinMarketCap</strong> revealed that meme coins represented 22% of the overall <a href="https://finance.coin-turk.com/" data-wpel-link="exclude">market</a>, positioning them uniquely. Over the past eight months, the <a href="https://en.coin-turk.com/major-update-scheduled-for-solanas-mainnet-beta/" data-wpel-link="internal">Solana</a> (SOL) ecosystem, especially after events in March, remained at the top, followed by Ethereum (ETH) and <a href="https://newslinker.co/category/ai/" target="_blank" rel="noopener" data-wpel-link="exclude">artificial intelligence</a> (AI) tokens.</p> 
<h2 style="text-align: justify" id="first-quarter-reports">First Quarter Reports</h2> 
<p style="text-align: justify">Amid the rally in meme coins, the Solana ecosystem captured a notable 9.64% market share. The review of meme coins showed a dominant positive outlook over the past week.</p> 
<p style="text-align: justify"><strong>Dogwifhat</strong> (WIF) saw a noticeable increase in the last 24 hours, moving against the market trend. The general 24-hour price movements in the meme coin market indicated an overall decline.</p> 
<p style="text-align: justify">On the other hand, the published report revealed a price movement contrary to the past. Unlike the dominance of Ethereum meme coins in 2023 and earlier, many SOL meme coins that entered the market in 2024 performed better.</p> 
<p style="text-align: justify">Specifically, SOL meme coins appeared to achieve a massive gain of 8,469% compared to 962% for ETH meme coins. This rise was largely driven by rallies centered around WIF and BONK.</p> 
<h2 style="text-align: justify" id="meme-coins-and-pump-fun">Meme Coins and Pump.fun</h2> 
<p style="text-align: justify">Meanwhile, Solana-based meme coins launched through Pump.fun seemed to experience a huge volume frenzy in the market. One of these, Billy (BILLY), reached a massive volume of $100 million, making it Pump.fun’s second-largest meme coin.</p> 
<p style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-367433" src="https://coin-turk.com/wp-content/uploads/2024/07/meme-coin-turk-com.png" alt="" width="825" height="375"></p> 
<p style="text-align: justify">Billy’s market value was seen at $72 million over the past 7 days. At the beginning of the week, it dropped to $60 million. Following a massive surge on Tuesday, it increased to $117 million.</p> 
<p style="text-align: justify">On the other hand, the celebrity-based meme coin trend in the Solana ecosystem also appeared to attract scammers. Recently, scammers promoted a Solana-based meme coin through the official X account of famous actress Sydney Sweeney.</p> 
<p style="text-align: justify">Additionally, the meme coin Michi on the Solana network increased by 18% after Ariana Grande posted about her cat Michi and a music video on Instagram.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/solana-based-meme-coins-outperform-eth-based-meme-coins/" data-wpel-link="internal">Solana-Based Meme Coins Outperform ETH-Based Meme Coins</a></h5>

Solana-Based Meme Coins Outperform ETH-Based Meme Coins

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