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Memecoin Market Surges to $54B as Solana Hits $8.6B Cap

Oct 1, 2024, 09:58 AM

The memecoin market has seen a significant surge, with Solana (SOL) and Ethereum (ETH) achieving their highest ever weekly and monthly closes. Solana's market cap has risen to $8.6 billion, driven by the memecoin hype, with trading volume reaching $1.6 billion. Notable memecoins such as $WIF, $PEPE, and $MOG have made headlines, with $WIF pumping 33% and Moo Deng increasing by 400% in a week. The overall memecoin market cap now stands at $54 billion. Traders are optimistic about further gains in the memecoin sector, with some turning $800 investments into $7.5 million profits.