A crypto whale spent over $5 million on Solana meme coins recently and is already up $658K.
Blockchain analytics account LookOnChain highlighted how one deep-pocketed trader dropped a staggering $5.86 million on Dogwifhat, Fartcoin, Popcat, cat in a dogs world, and Bonk.
The bold move has already netted the trader a tidy 11% gain. Yet with many of these projects still at substantially lower valuations than their all-time highs (ATHs), there’s every possibility that he bags millions of dollars in profit before the cycle ends.
But it’s worth noting that all these tokens are already well-established Solana tokens. While they have potential for gains, their upside is limited compared to lower market cap alternatives. For traders with millions of dollars, the gains provided by prominent meme coins may be enough.
Yet, for hungry traders seeking life-changing money, smaller Solana meme coins might be a better option. With that in mind, here are our top three picks of the next meme coins to explode:
Solaxy
Solaxy is building the world’s first Solana layer 2 blockchain. The project is currently undergoing a presale, which has raised a staggering $38 million so far. However, the project has just announced that the presale will end in 27 days, sparking a new wave of urgency among investors.
Along with the presale-end announcement, the team also unveiled a new app: Igniter Protocol.
This is a token launchpad that will enable Solaxy holders to easily create their own cryptocurrencies in seconds. Further details have yet to be released on the app, but it’s already causing massive community excitement.
After the announcement, Solaxy experienced its largest-ever presale day, with over $1 million in inflows.
The project’s layer 2 blockchain aims to address Solana’s congestion issue, which leads to longer wait times and increased rates of transaction failures during periods of peak network activity.
If Solaxy achieves its goal, it will be cheaper, faster, and more reliable than the Solana layer 1 blockchain – and that could provide Solaxy presale investors with massive gains.
Myro
What’s interesting about Myro is that it was once one of the top meme coins on Solana, but today, it has a market capitalization of just $28 million. It was first overtaken by Dogwifhat, and then a barrage of other meme coins that came after it.
The project is named after Solana co-founder Raj Gokal’s dog.
With a place in the Solana history books and solid meme coin roots, there is every chance that this project surges in the coming months.
Another thing to consider about Myro is its strong community. It has 75,000 followers on X, which stem from its days as the leader of the Solana meme coin market.
Myro has gained 151% this month, showing investors are returning to the project. If this trend continues, there’s room for approximately a 15x gain to reclaim its current all-time high (ATH).
Housecoin
On the other end of the spectrum, Housecoin is a new meme coin that was recently created and has already been picked up by top industry players. The project follows SPX6900’s playbook and light-heartedly says it aims to “flip” the US housing market.
Since meme coins lack utility, community is one of the most important indicators of potential – which is good news for Housecoin.
One of its high-profile proponents is meme coin influencer Ansem, who has over 700K followers on X and picked up on the project just days after it launched.
However, Housecoin has been noticed by even more credible sources. For instance, Solana Co-Founder Anatoly Yakovenko tweeted about the project last week, providing it a massive credibility boost.
Despite that, Housecoin’s market cap remains at just $43 million. So considering its backing, this could certainly leave massive upside potential.
This article is for informational purposes only and does not provide financial advice. Cryptocurrencies are highly volatile, and the market can be unpredictable. Always perform thorough research before making any cryptocurrency-related decisions.
