The Solana-based meme coin Honk (HONK) has seen its price rise over 40% in the last 24 hours to reach an all-time high of $0.010.
This massive surge comes amid a broader resurgence of interest in meme coins, with tokens like dogwifhat (WIF) also seeing considerable increases in value.
Meanwhile, the new Meme Kombat (MK) project could be poised to ride this bullish wave as investors clamor to participate in the final pre-sale stage.
HONK Goose-Themed Meme Coin Reaches $9.7 Million Market Cap in Two Days
HONK is a recently launched meme coin on Solana that made its market debut earlier this week.
Inspired by the famous “Untitled Goose Game”, it features a mischievous goose mascot that has increased its popularity among retail investors.
After experiencing exponential growth in its first two days of trading, HONK Market Capitalization Has Reached $9.7 Millionpositioning it as a true contender in the meme coin space.
Honk now has a growing community on Telegram since he pretends to be the “Bonk killer”.
The project's coin rivalry has been one of the key reasons for its initial success, with HONK attracting over $5 million in trading volume only on the last day.
Currently, HONK can only be traded on DEXs such as Raydium and Jupiter, both hosted on Solana.
As such, interested investors need a compatible Solana wallet to purchase and hold HONK.
However, with so much buzz surrounding the token, there is already talk that HONK will soon list on Tier 1 exchanges, which would significantly increase its exposure.
Meme Solana and Avalanche coins sweep the market
HONK's huge growth shows that there is still a huge appetite for new meme coins, especially those launched on non-ethereum blockchains like Solana.
It joins several other animal-themed tokens that have taken the market by storm in recent months.
Bonk (BONK)Arguably the most popular current Solana meme coin, it has seen its price rise 174% since the beginning of December thanks to growing retail interest.
With a pet Shiba Inu dog, Bonk calls himself “the currency of the people's dog” and aims to drive adoption of the Solana network.
Other coins seeking to challenge the established hierarchy include dogifhat (WIF) and I look (MYRO).
Both coins have seen substantial price increases in recent weeks, with WIF up 8% in the last day alone.
It's not just Solana-based meme coins that have been pumping, with Coq Inu (COQ) on Avalanche is also experiencing a surge in popularity.
Ultimately, this shows that meme coins launched on other blockchains besides ethereum have the potential to gain significant traction and attract a large following.
P2E Battle Platform Meme Kombat Gains Viral Traction as Pre-Sale Funding Surpasses $7.4 Million
While HONK's recent rise shows the power of social media advertising, the new project, Kombat Meme (MK)could present a more sustainable opportunity for investors.
Meme Kombat combines the popularity of memes with an innovative anti-cryptocurrency platform and community-driven tokenomics model.
Currently in the final stages of its pre-sale, Meme Kombat has already raised over $7.4 million from early backers.
Demand for MK tokens has been high, and 80% of holders have already staked their allocations. to obtain returns of up to 126% annually.
Meme Kombat also announced your nft collection is nearing completion and will be launched in two phases before the next listing on Uniswap.
With small-cap meme coins demonstrating their ability to generate huge gains under the right conditions, Meme Kombat's timing and underlying utility make it an intriguing bet.
Offering real use cases through money-making games, staking rewards, and a stellar roadmap, the Meme Kombat team aims to make MK stand out from other meme coins without a real value proposition.
The project also went through a Coinsult smart contract auditwhich found no major problems.
As the pre-sale enters its final days before MK goes public, the token's discounted price could make it the next meme coin to break out alongside HONK.
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