The post Crypto Whales Hoarding Meme Coins Popcat And Bonk During Recent Market Slide, Cutoshi Labeled The Luckiest Meme Coin On the Market appeared first on Coinpedia Fintech News
Amid the latest crypto market slump, crypto whales focus on meme coins, hoarding tokens like POPCAT and BONK and signalling a strategic bet on their future potential. Meanwhile, Cutoshi is earning a reputation as the “luckiest” meme coin around. This article explores why these meme coins thrive even in turbulent times.
POPCAT Rises By 28% In 24 Hours
POPCAT, a cat-themed meme coin based on the Solana blockchain, recently reached a remarkable milestone: surpassing a $1 billion market cap. This makes it the first cat-themed meme coin to achieve this feat, marking a shift in the meme coin landscape, which dog-themed coins like Dogecoin and Shiba Inu have traditionally dominated.
In September 2024, POPCAT saw a substantial surge, with its value increasing by 28% in a single day, pushing its price to over $1.02. Over the last month, its price climbed from a low of $0.43 to a high of $0.93, rewarding early investors with substantial gains.
Growing community support and increased trading activity, particularly on decentralized exchanges (DEX) like those paired with Solana, are responsible for POPCAT’s price rally.
Investors who got in early on POPCAT have benefited from its exponential growth, as seen in its market capitalisation and trading volumes. This has made it one of the most talked-about meme coins on the Solana blockchain.
BONK Rewards Early Adopters Over 3000%
BONK is a meme coin built on the Solana blockchain. It is often compared to Dogecoin and Shiba Inu but is designed to serve as Solana’s answer to the meme coin trend.
Launched in late 2022, BONK quickly garnered attention due to its massive airdrop to the Solana community. This strategy was particularly effective, as Solana was facing a tough period due to the FTX collapse, and BONK’s introduction brought a much-needed burst of activity to the ecosystem.
Like other meme coins, the coin’s primary appeal lies in its playful branding and community-driven ethos. However, BONK aims to support Solana’s decentralized ecosystem, with much of its supply distributed to NFT creators, developers, and community members.
BONK experienced a significant surge shortly after its launch. At one point, the coin’s price increased by over 3,000%, leading to substantial profits for early adopters. However, as is typical with meme coins, its value has seen significant volatility since then.
Cutoshi Aims For 50x Returns
Cutoshi (CUTO) is quickly gaining attention within the meme coin market, particularly because of its unique blend of decentralized finance (DeFi) and meme culture.
What sets Cutoshi apart from other meme coins like POPCAT and BONK is its comprehensive DeFi platform. Cutoshi is building a multichain decentralized exchange (DEX) that allows cross-chain asset swaps without needing third parties, ensuring better privacy and security.
The ecosystem also includes features like yield farming and an educational platform, Cutoshi Academy, designed to teach users about DeFi and crypto. Additionally, Cutoshi has a deflationary tokenomics model, which includes mechanisms to burn tokens, potentially increasing their value over time.
The Cutoshi ecosystem revolves around its native token, CUTO, which is currently in the presale phase. Early investors can buy in at $0.022 per token. This presale stage has already raised over $450,000, signaling strong initial interest.
Given its early stage and ambitious roadmap, Cutoshi offers an opportunity for investors seeking high potential returns, especially as it aims to differentiate itself through real utility and a strong foundation in DeFi.
Experts now predict a significant price surge, with some forecasting up to a 50x return in the coming months, making the best time to invest in CUTO.
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