Solana-based meme coin HUND has seen significant gains, rising over 17% and gaining trending status on Google.
At the time of writing, HUND was still up 9% and trading at $0.00942, according to data from CoinMarketCap. The crypto asset also saw a 3.7% increase in its daily trading volume, which currently stands at around $4.6 million.
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Meanwhile, the meme coin’s total market cap increased by over 10% and currently stands at $3.7 million. However, HUND is still 72% below its all-time high of $0.03415 reached on March 30.
HUND is a German Shepherd-themed meme coin built on the Solana blockchain. Highlights of the project include the Hundswap DEX, an exclusive nft collection, a multi-dApps platform with practical ai solutions, and an innovative metaverse game.
The meme coin has already landed listings on two major cryptocurrency exchanges, MEXC and Bitmart.
The nft collection, which is scheduled to launch in Q2 2024, will include 5,000 German Shepherd-themed comic book nfts, with a minting date yet to be announced. To be eligible for the waiting list, investors must hold more than 10,000 HUND tokens.
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Meanwhile, its upcoming metaverse game, scheduled for Q3 2024, will integrate ai capabilities and deliver an immersive experience centered around German Shepherd meme characters. More updates, including a testnet and new partnerships, will be revealed in Q4.
The project’s founder, MuroCrypto, has been a respected figure in the crypto space since 2017. Under his leadership, HUND aims to unite meme culture, digital art, and blockchain technology, offering a combination of entertainment, engagement, and investment potential.
HUND’s recent surge comes after a major asset manager, VanEck, filed with the SEC for Solana’s first U.S. exchange-traded fund (ETF).
VanEck’s decision has likely renewed enthusiasm among Solana-based meme coin investors, who anticipate a potential price surge in such tokens following the approval of the Solana ETF.
Additionally, HUND has started a long-term incentive program where holders receive airdrops of newly released meme coins.
On June 27, the team x.com/HundOnSol/status/1806245262479835398″ target=”_blank” rel=””>Announced which would airdrop PIPI and SENDY meme coins to HUND holders. They have one week from the announcement to claim their tokens.
Pipi The Pepe (PIPI), a recently launched meme coin, is an original variant of Pepe, and HUND holders receive 0.1 PIPI per HUND. Sendy is an original meme character by Matt Furie, the creator of Pepe and other characters, and HUND holders receive 0.05 SENDY per HUND.
HUND’s recent surge comes despite a broader decline in the meme coin market, which is down 1.8% and currently stands at $48.3 billion.
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