Solana’s meme coin market has bounced back, with fan favorites Dogwifhat (WIF) and Bonk (BONK) posting double-digit gains in the past 24 hours.
Meanwhile, a new contender – Sealana (SEAL) – is gearing up for exchange listings after its presale raised over $5 million.
Dogwifhat is back again.
The popular hat-wearing dog token has shaken off its bearishness and is pushing higher.
WIF surged 27% in the past day, now trading around $1.88.
It seems the nosedive over the weekend is history.
WIF has rebounded aggressively, erasing all of the losses that were made.
And retail traders are piling back in, evidenced by spot volumes rocketing 114% to a cool $700 million in the past 24 hours.
That’s enough to make WIF the third most-traded meme coin in the world.
This rally kicked off after WIF rejected the $1.50 level yesterday morning – and now the token is eyeing the 50-period EMA on the 4-hour chart.
WIF has struggled around this moving average before, with it acting as a strong dynamic resistance level.
Will WIF move past?
Only time will tell, but momentum is firmly on the token’s side for now.
Not to be outdone, BONK has been on a tear of its own.
The OG Solana meme coin jumped 24% in the past day – now trading around the $0.0000224 level.
BONK and WIF are demonstrating eerily similar price action.
Yesterday morning, BONK dipped down to $0.000018, leaving a long wick on the 1-hour chart.
Many investors believed this to be a classic liquidity grab.
And since then, BONK has been surging.
Spot volumes for the token have more than doubled, mirroring the frenzy that’s been seen with WIF.
So, why have meme coins bounced back so quickly?
The bullishness seems to have been kicked off by Bitcoin’s recent price action.
Bitcoin briefly dipped below $60,000 yesterday for the first time since May, yet immediately rebounded above.
In fact, since its rebound, Bitcoin is up a solid 4%.
This positive price action seems to have yanked the whole meme coin market up with it since these coins tend to follow Bitcoin’s lead.
Ultimately, it’s some much-needed respite for investors after several weeks of losses.
As WIF and BONK surge, a new Solana-based contender is also emerging.
Sealana is poised to make its grand entrance to the market, with the token’s presale drawing to a close today at 6pm UTC.
The timing couldn’t be better.
With established meme coins bouncing back, Sealana is stepping into a market primed for the next big thing.
Telegram channel members are buzzing about the upcoming DEX listings, though specifics remain under wraps.
Interestingly, Sealana’s approach mirrors that of both WIF and BONK.
The token has no use case or utility – a “pure” meme coin.
Moreover, there’s a clear focus on community, as evidenced by the development teams’ commitment to posting memes on Twitter.
And in a market saturated with dog and cat-themed coins, Sealana’s chubby seal mascot could be its differentiator.
YouTuber Darryl Boo seems to think so.
In a video released last week, Boo discussed how Sealana’s presale “broke the internet” and predicted it could be the next big meme coin star.
Boo’s statements were echoed by fellow YouTuber Matthew Perry – who believes SEAL “might be a gem.”
These endorsements have only added to the buzz around the token’s presale.
With just hours left before the presale ends, investors are eager to see if SEAL can live up to the hype post-listing.
Visit Sealana Presale
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Readers are also advised to read CryptoPotato’s full disclaimer.
The post Dogwifhat & Bonk Pumping as New SOL Meme Coin Sealana Prepares for Exchange Listings appeared first on CryptoPotato.
Meanwhile, a new contender – Sealana (SEAL) – is gearing up for exchange listings after its presale raised over $5 million.
Dogwifhat Surges 27% & Erases Weekend Losses
Dogwifhat is back again.
The popular hat-wearing dog token has shaken off its bearishness and is pushing higher.
WIF surged 27% in the past day, now trading around $1.88.
It seems the nosedive over the weekend is history.
WIF has rebounded aggressively, erasing all of the losses that were made.
And retail traders are piling back in, evidenced by spot volumes rocketing 114% to a cool $700 million in the past 24 hours.
That’s enough to make WIF the third most-traded meme coin in the world.
This rally kicked off after WIF rejected the $1.50 level yesterday morning – and now the token is eyeing the 50-period EMA on the 4-hour chart.
WIF has struggled around this moving average before, with it acting as a strong dynamic resistance level.
Will WIF move past?
Only time will tell, but momentum is firmly on the token’s side for now.
Bonk Bounces Back with 24% Rally
Not to be outdone, BONK has been on a tear of its own.
The OG Solana meme coin jumped 24% in the past day – now trading around the $0.0000224 level.
BONK and WIF are demonstrating eerily similar price action.
Yesterday morning, BONK dipped down to $0.000018, leaving a long wick on the 1-hour chart.
Many investors believed this to be a classic liquidity grab.
And since then, BONK has been surging.
Spot volumes for the token have more than doubled, mirroring the frenzy that’s been seen with WIF.
So, why have meme coins bounced back so quickly?
The bullishness seems to have been kicked off by Bitcoin’s recent price action.
Bitcoin briefly dipped below $60,000 yesterday for the first time since May, yet immediately rebounded above.
In fact, since its rebound, Bitcoin is up a solid 4%.
This positive price action seems to have yanked the whole meme coin market up with it since these coins tend to follow Bitcoin’s lead.
Ultimately, it’s some much-needed respite for investors after several weeks of losses.
New Solana Meme Coin SEAL Enters Final Few Hours of Viral Presale Phase
As WIF and BONK surge, a new Solana-based contender is also emerging.
Sealana is poised to make its grand entrance to the market, with the token’s presale drawing to a close today at 6pm UTC.
The timing couldn’t be better.
With established meme coins bouncing back, Sealana is stepping into a market primed for the next big thing.
Telegram channel members are buzzing about the upcoming DEX listings, though specifics remain under wraps.
Interestingly, Sealana’s approach mirrors that of both WIF and BONK.
The token has no use case or utility – a “pure” meme coin.
Moreover, there’s a clear focus on community, as evidenced by the development teams’ commitment to posting memes on Twitter.
And in a market saturated with dog and cat-themed coins, Sealana’s chubby seal mascot could be its differentiator.
YouTuber Darryl Boo seems to think so.
In a video released last week, Boo discussed how Sealana’s presale “broke the internet” and predicted it could be the next big meme coin star.
Boo’s statements were echoed by fellow YouTuber Matthew Perry – who believes SEAL “might be a gem.”
These endorsements have only added to the buzz around the token’s presale.
With just hours left before the presale ends, investors are eager to see if SEAL can live up to the hype post-listing.
Visit Sealana Presale
Disclaimer: The above article is sponsored content; it’s written by a third party. CryptoPotato doesn’t endorse or assume responsibility for the content, advertising, products, quality, accuracy, or other materials on this page. Nothing in it should be construed as financial advice. Readers are strongly advised to verify the information independently and carefully before engaging with any company or project mentioned and do their own research. Investing in cryptocurrencies carries a risk of capital loss, and readers are also advised to consult a professional before making any decisions that may or may not be based on the above-sponsored content.
Readers are also advised to read CryptoPotato’s full disclaimer.
The post Dogwifhat & Bonk Pumping as New SOL Meme Coin Sealana Prepares for Exchange Listings appeared first on CryptoPotato.
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