Celebrity Memecoins on Solana: A Month of Hype and Decline
In June, 30 celebrity memecoins launched on Solana, but most have since lost significant value, with insiders profiting the most from these speculative tokens.
In June, 30 celebrity memecoins launched on Solana, but most have since lost significant value, with insiders profiting the most from these speculative tokens.
Solana has emerged as a leading blockchain platform, thanks to the unexpected popularity of meme coins. Initially conceived as jokes, these digital tokens have become powerful tools for engagement and growth, attracting new users and driving the adoption of Solana’s mobile technologies like Saga Mobile.
The TON Foundation airdropped 300,000 Toncoin (TON) worth around $2.19 million to the most active meme coin traders on DeDust and Ston.fi platforms, as Toncoin broke its all-time high, reaching $7.65 per token.
Memecoins are transforming from speculative assets to valuable components of blockchain culture, presenting potential opportunities for investors.