CandleFocus Solana Meme Coins Rising But Is This Deployer Dumping On Degens?
2024-10-15
Author: Content Editor
The price of cryptocurrencies, including Bitcoin and Solana, has been increasing. Solana has seen significant growth, with its meme coins such as Popcat and DogWifHat reaching a market cap above $1 billion. However, there are concerns as a whale, the deployer of the PELF meme coin, has been selling off tokens. This could potentially have a bearish impact on prices. Nonetheless, the PELF token remains in an uptrend and has seen a 300% increase from September lows. The overall sentiment in the crypto market is improving, which could drive the value of meme coins higher. Solana meme coins now have a total market cap exceeding $10.9 billion and are gaining strength, with several entering the top 10 rankings on Coingecko.
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