5 Solana Meme Coins To Avoid, Including Pepe Trump
The recent market analysis indicates a downturn in several Solana meme coins to avoid today. Notably, Pepe Trump (PTRUMP), GameStop (GME), Gigachad (GIGA), Shark Cat (SC), and Jeo Boden (BODEN) are identified as meme coins to avoid to ensure financial stability. These coins have shown significant volatility and lack the backing of strong fundamentals, making them risky investments.
Solana Meme Coins To Avoid – Pepe Trump (PTRUMP)
Pepe Trump (PTRUMP), a meme token on the Solana blockchain, has seen significant market activity. Its market capitalization is $9,819,562, ranking it 1478 on CoinGecko. In the past 24 hours, trading volume hit $1.7 million, an 82.80% increase, indicating a surge in interest.
Currently priced at $0.009849, PTRUMP has decreased by 26% in the last 24 hours, making it a risky choice among Solana meme coins. However, over the past week, PTRUMP has risen by 69.60%, outperforming the global cryptocurrency market, which is down by 1.40%. It also surpasses other meme cryptocurrencies, which have seen a 6.70% increase.
2. GameStop (GME)
GameStop (GME), a Solana blockchain meme-coin, is currently priced at $0.0038. Over the past 24 hours, GME has dropped by 6.36%. It reached its All-Time High (ATH) of $0.0205 on May 15, 2024, and is now down by 81.4%.
The circulating supply of GameStop stands at 6.89 billion tokens, with a maximum supply of the same amount. The 24-hour trading volume for GME is $11.80 million, giving it a market capitalization of $26.16 million. Despite its presence in the market, GameStop holds 0.00% of the total cryptocurrency market share.
Over the past week, GME’s price has declined by 20%, signaling a bearish trend. However, it has surged by 732% over the past month. Despite this recent surge, GME’s price has decreased by 33% over the past year, making it a risky investment among Solana meme coins.
3. Gigachad (GIGA)
Gigachad (GIGA), inspired by a popular meme, aims to be the leading meme coin within the crypto community. Beyond digital currency, Gigachad focuses on self-improvement, encouraging members to become their best selves. Emphasizing the importance of time and discipline, the community values these virtues at its core.
Gigachad is not just a memecoin but a group of like-minded individuals dedicated to personal growth and positively impacting others.
Currently, Gigachad price stands at $0.003026, with a 24-hour trading volume of $487,000. The coin has dropped 12.82% in the last 24 hours, indicating a bearish trend. With a market cap of $29 million, Gigachad ranks 3187 on CoinMarketCap.
4. Shark Cat (SC)
Shark Cat (SC) is another Solana-based meme coin featuring the popular cat-in-a-shark-hat meme. Today, Shark Cat price is $0.082234, with a 24-hour trading volume of $5 million. It has decreased by 1.93% in the last 24 hours. Currently, Shark Cat ranks 2735 on CoinMarketCap with a market cap of $81 million.
In the past week, Shark Cat’s price surged by 45%, indicating a bullish trend. Over the past month, the price has increased by 98%. However, over the past year, Shark Cat’s price has decreased by 53%, making it one of the Solana meme coins to approach cautiously.
5. Jeo Boden (BODEN)
Jeo Boden (BODEN), a meme coin from the Solana blockchain, humorously references President Biden through its lighthearted platform. The project’s website features amusing memes and uses the Comic Sans font to enhance its comedic appeal.
Since its launch, BODEN has surged by 742%, driven by anticipation around the U.S. Presidential elections and the rising popularity of meme tokens. However, over the past month, BODEN’s value has dropped by over 9%, making it a Solana Meme Coin to be cautious about.
Currently, Jeo Boden’s price stands at $0.2917, reflecting a 3.4% decrease in the past 24 hours. Its CoinMarketCap ranking is 2673, with a market cap of $202 million.
Bottom Line
The decline of these Solana meme coins underscores the importance of cautious investment. Avoiding Pepe Trump, GameStop, Gigachad, Shark Cat, and Jeo Boden can help ensure financial stability. Investors can also focus on leading crypto domains to buy like restaking, AI, and DePIN to establish solid positions.
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