$HMSTR $SPELL Interest in AI meme coins has led to an increase in the number of active users on the Solana network.$SOL These conclusions were drawn by the OKX Ventures team

Analysts shared their observations with BeInCrypto's editorial team. We explain how Solana benefited from the interest of market participants in AI meme coins.

A new trend has emerged in the cryptocurrency market — meme coins that are created and promoted using artificial intelligence (AI). Due to the growing interest in such coins, the number of active users on the Solana blockchain has sharply increased, as most AI meme coins are launched through Pump.fun — a platform for creating meme coins based on the Solana network.

According to the OKX Ventures report, the total market capitalization of AI meme coins has already exceeded $2 billion, and the average trading volume of such coins is more than five times higher than last year. The excitement around AI meme coins began with the popularity of the GOAT coin. Its creators used AI to respond quickly to market changes. Through social media channels managed by AI, the token's popularity is increasing, and user engagement with it is being enhanced.