The performance of the Solana chain cannot be underestimated, especially in the meme coin boom. Recently, the transaction volume of pnut on Binance has exceeded $4 billion, which is almost twice that of Ethereum. With Musk's continued promotion and the potential for more support from politicians in the future, pnut still has great potential. In comparison, traditional meme coins such as dog, shib, and pepe have not shaken their positions in the market, with market capitalizations of 54 billion, 13.8 billion, and 8.8 billion, respectively.
On the same track, although squirrel ($pnut) is temporarily lagging behind these traditional giants, from a narrative perspective, squirrel's communication power has surpassed shib and pepe. Over time, squirrel is expected to narrow the gap with these big projects and become a new market focus. Some small-cap projects, such as $fred, $opk, and $betch, have also ushered in a wave of outbreaks recently, especially driven by on-chain transactions.
