Meme Tokens Strengthen Their Positions with New Investors
Meme tokens are attracting a growing number of new buyers, solidifying their status as cult assets. New metrics track wallets that have accumulated enough tokens to rank among the top 1,000 holders. This influx of new investors also indicates that the token supply is not yet dominated by whales or closed groups.
According to Cryptorank analysis, the most active meme tokens include both established names and lesser-known ones like Bongo Cat (BONGO), which still rely heavily on decentralized exchanges (DEX). For smaller tokens, relatively modest purchases can qualify holders for the top 1,000 rankings.
The Long-Term Cult of Hodling
Most meme tokens share a common trait: a focus on long-term holding, similar to Bitcoin (BTC). These tokens often show stable performance with less volatility, attracting investors seeking alternatives to active trading.
Top Solana Memes Compete with New Tokens
Meme tokens that rely on the loyalty of long-term holders continue to see significant purchases. For instance, Gigachad (GIGA) has drawn new investors who bought $26.4 million worth of tokens in the past 15 days. GIGA now boasts 11,987 holders who have invested at least $1,000.
With a market cap of $787 million, GIGA has the potential to become the next billion-dollar token. Other successful tokens include DogWifHat (WIF), which attracted $13.6 million in purchases, and POPCAT, which became the third-largest token supporting the creation of new wallets.
Trending Memes Based on Popularity
Current trends show that new tokens like FWOG, RETARDIO, and MICHI are attracting the most new investors. Among tokens combining meme culture with artificial intelligence, BULLY and MEMES AI stand out, collectively raising $6.63 million from new holders.
Solana as the Center of Meme Tokens
Excluding DOGE, SHIB, and PEPE, most positions in the top 20 meme tokens are held by those built on the Solana blockchain. Solana has become the preferred choice for meme creators and traders due to its lower fees and faster transactions.
For example, Raydium, a popular DEX on Solana, recorded weekly fees of $41.97 million, surpassing Ethereum. Newly added tokens like Pudgy Penguins (PENGU) further strengthen Solana's position as the go-to chain for active meme token trading.
New Challenges for Meme Tokens
Despite the new trends, established tokens remain an essential part of long-term portfolios. However, new memes require active trading strategies to achieve similar success as their predecessors. The combination of hodling culture and innovative strategies places meme tokens in a unique position within the cryptocurrency market.
#Solana , #Memecoins🤑🤑 , #DOGE , #PEPE , #SHIB
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