Solana’s Meme Coin Market Bounces Back with Double-Digit Gains
Solana’s meme coin market is experiencing a resurgence, with popular tokens Dogwifhat (WIF) and Bonk (BONK) posting impressive double-digit gains in the past 24 hours. Additionally, a new player, Sealana (SEAL), is preparing for exchange listings after a successful presale that raised over $5 million.
Dogwifhat has seen a remarkable 27% surge, erasing all weekend losses and now trading at around $1.88. The token’s rebound has attracted retail traders back in, with spot volumes increasing by 114% to $700 million in the past day, making WIF the third most-traded meme coin globally. The rally was triggered after WIF rejected the $1.50 level and is now eyeing the 50-period EMA on the 4-hour chart.
Similarly, Bonk has bounced back with a 24% rally, trading around $0.0000224. The token’s price action mirrors that of WIF, with both tokens experiencing a surge after a brief dip. The positive momentum in meme coins seems to have been influenced by Bitcoin’s recent price action, with the leading cryptocurrency rebounding above $60,000 and up 4% since then.
As established meme coins make a comeback, Sealana is gearing up for its market debut, with its presale ending today at 6pm UTC. The token’s approach as a “pure” meme coin with a focus on community and a unique chubby seal mascot has garnered attention from investors and influencers. YouTubers Darryl Boo and Matthew Perry have endorsed SEAL, adding to the excitement surrounding the token’s upcoming listing.
With the meme coin market showing signs of recovery and investor interest growing, Sealana’s entry into the scene could be a significant development to watch. Investors are eagerly anticipating the token’s performance post-listing as it aims to carve out its place among the meme coin stars.
