Solana’s total value locked (TVL) has surpassed the $8 billion mark, representing a $2 billion increase over the past two months and signaling renewed confidence and activity across the network. With meme coins, DeFi protocols, and NFTs all gaining momentum, Solana looks primed to challenge its previous all-time highs.
Meme coins are once again dominating the narrative on Solana, led by viral tokens like Bonk and Dogwifhat. But, small-cap tokens are also on the rise, with Snorter Token (SNORT), the Solana meme crypto trading botbeing one of the most prominent ones.
Snorter is a Telegram bot that brings sub-second execution, rugpull and honeypot detection, copy trading features, and more. With the utility it brings and the amount of attention it gathered in the few days of its presale, could it surpass WIF and BONK in appeal among active traders and investors?
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Snorter Token (SNORT)
Snorter Token is a meme coin that brings its holders real-world utility in the form of a Telegram-native trading bot. The Snorter bot gives users direct access to high-speed crypto trading, thanks to its custom Solana RPC.
Additionally, Snorter features sniping on new token launches, whether they come from Pump.fun or elsewhere. The bot also features honeypot detection and rug pull protection with an 85% success rate, limit orders for locking in profits, and stop-loss orders for protection against losses.
Those who want to replicate the results of successful traders can use Snorter to copy trades from wallets of their choice. The best part? This is all done without leaving the Telegram app. No need for complex wallet setups.
The SNORT token powers this system, offering holders reduced trading fees of 0.85% and staking rewards with a dynamic yield of 722%. The latter is an excellent tool for increasing token holdings without making new purchases. The token is multi-chain, supporting both Ethereum and Solana purchases from day one.
Snorter has caught the attention of 99Bitcoins, a popular crypto YouTube channel with over 700K subscribers, where they call it the next potential 10x crypto.
With nearly $500,000 raised within the first week of the presale launch, investors and traders are placing significant bets on this project. For now, Snorter works only on Solana, but with plans to support Ethereum, Polygon, Base, and other EVM-compatible chains, this could become the go-to trading bot for meme coin traders.
Dogwifhat (WIF)
Dogwifhat is the epitome of a Solana meme coin; It has no utility, only community support and viral branding. This means that by holding WIF, you only speculate on its price. There’s nothing more.
Despite that, WIF is one of Solana’s top-performing meme coins, with a market cap of nearly $1 billion. In the past month alone, WIF has returned over 70% to its holders, which outperforms popular meme coins like Dogecoin and Shiba Inu during the same period.
At its peak, WIF had a $4.5 billion market capitalization, and many analysts and traders believe this meme coin will return to that valuation during the bull run this year. CoinsProbe on X sees WIF completing the accumulation and manipulation phases, with the expansion phase coming next, followed by a breakout to $1.32 and then $1.85.
Even though WIF doesn’t offer trading tools or staking rewards, it has become one of Solana’s most iconic meme coins. As Solana continues to expand, WIF could potentially benefit.
Bonk (BONK)
Bonk was the first meme coin to revive Solana after the FTX collapse. It gained massive traction through an airdrop that rewarded various Solana communities, from token holders to NFT holders.
While it started as a meme, Bonk has built a functional product suite that offers staking via BONKrewards, a Solana validator for liquid staking SOL, BONKbets for sports wagering, and its own token launchpad BONKlive, which has launched over 46,000 tokens within seven days in May.
Recently, the project developed BONK Arena, a play-to-earn game where players earn BONK tokens by competing with other players.
Bonk’s current market activity points to a potential rally. Zer0 on X believes that BONK will reach a $20 billion market cap this year, which is 14 times its current price.
Why It Pays to Get in Early on New Meme Coins
Price appreciation is crucial when investing, but getting in early on meme coins can also offer additional benefits. For example, early holders of SNORT can unlock the full suite of the Snorter trading bot. Additionally, they receive reduced fees and staking rewards that provide a passive yield component.
Buying early in a presale also means that you get the token at a lower cost before listings drive up the price. In the Snorter case, when the trading bot becomes available on other chains, the demand is expected to surge, which will also positively affect the price.
This publication is sponsored. CryptoDnes does not endorse and is not responsible for the content, accuracy, quality, advertising, products or other materials on this page. Readers should do their own research before taking any action related to cryptocurrencies. CryptoDnes shall not be liable, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with use of or reliance on any content, goods or services mentioned.
