- A crypto dealer revamped $77,000 buying and selling meme cash on Solana.
- The dealer acquired 27 meme tokens and bought 21 of them for a revenue, for a win price of 78%.
- Curiosity in meme cash has eased for the reason that starting of 2024, with main tokens remaining within the bearish zone.
Cryptocurrency merchants have made greater than $77,000 in income buying and selling meme cash on layer 1 blockchain Solana over the previous 11 days, crypto knowledge tracker LookOnChain reported. This enhance in income comes amid a major enhance in crypto investor curiosity in meme cash that started late final 12 months.
inside submit LookOnChain, shared on social media platform X (previously Twitter), famous that crypto buyers have traded 27 Solana meme tokens prior to now 11 days. Out of 27 tokens, the dealer realized a revenue on 21 tokens. In keeping with the report, merchants made roughly $777,000 in income from their trades with a 78% win price.
In the meantime, curiosity in meme cash appears to have eased for the reason that starting of the 12 months. As famous in a earlier report, meme tokens like his Solana-based BONK have seen vital positive aspects, however are at present hovering within the damaging zone.
BONK has been steadily declining for the reason that finish of final 12 months, in accordance with knowledge from CoinMarketCap. Presently, the meme token is buying and selling at $0.00001364, down 7.37% prior to now 24 hours. Moreover, BONK has a market capitalization of roughly $834 million, establishing itself because the third largest meme coin community.
Elsewhere, Dogecoin (DOGE), the main memecoin token, has proven subdued value actions over the previous seven days. Throughout that interval, the token fell by 0.07%. However, DOGE's $13 billion market cap continues to dwarf different segments.
Shiba Inu (SHIB), the second-largest meme token by market cap, has additionally struggled to maintain its value positive aspects. The token has risen barely prior to now 7 days, however prior to now 24 hours it has fallen by 2.61%.
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