Solana Ecosystem coins are making a buzz in the market generating massive returns for its investors.
Solana-based coins are gaining traction in the market as investors make massive returns. Coins like Popcat (POPCAT), Ponke (PONKE), MANEKI (MANEKI), Cheems (CHEEMS), and Drift (DRIFT) have generated good returns this week.
Drift (DRIFT)
Drift operates as an on-chain perpetual and spot DEX that is constructed on Solana. Traders have the opportunity to engage in trading pre-launch markets and launched tokens with leverage of up to 10x.
In addition to stablecoins, traders are able to utilize a diverse range of assets as collateral, leading to increased capital efficiency.
As of now, Drift crypto is being traded at a price of $0.4234, marking a 3.56% increase in the last 24 hours and a notable 323.46% surge in the past seven days, resulting in a market cap of $66,033,688.
Ponke (PONKE)
PONKE, a meme coin built on the Solana blockchain, transcends the definition of a mere cryptocurrency by incorporating a unique personality and narrative, drawing inspiration from the yellow, frequently irate monkey. Ponke humorously identifies itself as “a degenerate gambler with anger issues on the Solana network.”
Achieving a milestone of 10,000 users within 24 hours after its launch on December 25, Ponke continues to grow rapidly.
Ponke’s practical utility within the Solana ecosystem, highly engaged community, and deflationary tokenomics make it stand out.
This memecoin has surged 132% over the last seven days to $0.4089 with a market cap of $175,908,326 at the time of writing.
Popcat (POPCAT)
Popcat, a Solana-based meme coin, has seen significant gains, with a 107.08% increase over the past month and over 17,000% returns for early investors.
The coin saw a surge between February and March when the crypto market showed interest in Solana meme coins. Despite a drop during a market correction, Popcat’s price is expected to rise
At the time of writing POPCAT was trading at the level of $0.4407 with 10% intraday gains.
MANEKI (MANEKI)
The native cat coin MANEKI on the Solana blockchain, also referred to as the Japanese beckoning cat, is a fabled figure with ancient wisdom and the ability to bestow prosperity upon those who support it.
MANEKI symbolizes success, good fortune, wisdom, prosperity, and leadership. At press, it is trading at $0.009843 with an 83% return in the last 7 days showcasing that bulls are confident about this coin.
Cheems (CHEEMS)
A Cheems-themed memecoin was launched on May 12, 2021, and it is the first to use the popular Cheems meme. It is also one of the first memecoins on the Solana blockchain.
The meme has spawned derivatives such as Bonk, and it has a vibrant community that values free speech and challenges societal norms.
Cheems actively encourages its community to innovate, leading to projects like Cheems Arena and initiatives to expand the utility and reach of Cheems beyond traditional boundaries.
Cheems was trading at the level of $0.002936 at the time of writing with a 24-hour gain of 12.25% and 66% gain in the last 7 days.
