BONK, MYRO and WIF: Meme Solana Cryptocurrencies Post Surprising High

With the cryptocurrency market on the rise, three meme coins linked to the Solana (SOL) blockchain – BONK, Myro (MYRO) and dogfight (WIF) – have drawn attention for their notable gains over the past 24 hours. These coins not only stood out in performance but also revived memories of the previous year when they managed to surpass many other meme coins in terms of appreciation.

BONK and Myro, specifically, saw their values ​​increase by 17.22%, a growth that did not go unnoticed by investors attentive to market trends. Even more impressive was the jump in WIF, which saw a 42.36% increase, demonstrating the volatility and opportunities that exist within the meme cryptocurrency ecosystem.

In practice, these increases translated into significant gains for traders. For example, a trader who had invested in SOL worth $310 three months ago for 2.58 million WIF saw his investment appreciate exponentially. Without selling during the memecoin crash, this trader saw the value of his tokens skyrocket, worth up to $1.4 million after the recent rally.

The price of $WIF increased by ~50% today!

A smart trader spent 4,900 $SOL($539K) to buy 1.43M $WIF the day before the $WIF price increased.

He has spent 14K $SOL($1.54M) to buy 4M $WIF since Feb 16 and the current unrealized profit is ~$582K.

The smart trader had made 1,443… pic.twitter.com/rUsq152S9u

— Lookonchain (@lookonchain) February 27, 2024

Interest in currencies was not just limited to financial gains. Social volume, which measures how often cryptocurrencies are mentioned on crypto social media channels, also saw a significant rise, especially for WIF. This increase in social volume signals growing interest from traders in these coins, although the weighted sentiment for both BONK and WIF remained negative, indicating a cautious approach by investors towards these rallies.

At the time of publication, the price of BONK was quoted at US$0.00001474, up 9% in the last 24 hours. The price of Myro (MYRO) was quoted at US$0.0801 with an increase of 10% in the last 24 hours. Similarly dogfight (WIF) was trading at $0.6204 up 30% in the last 24 hours.

Disclaimer:

The views and opinions expressed by the author, or anyone mentioned in this article, are for informational purposes only and do not constitute financial, investment or other advice. Investing in or trading cryptocurrencies carries a risk of financial loss.