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In the latest Solana meme coin trend, a new microcap named Aquacat on Solana has revealed ties to a $100m project and is now gearing up for a Popcat-style run.
By now, everyone has heard of Popcat, Shark Cat & Michi. They’re the 3 leading cat-themed meme coins on Solana, with a combined market cap of over $800m.
Cat coins have found their home on Solana, and the meta continues to thrive, with many new cat tokens launched daily.
Let’s look at a new cat coin on the market that is flying under the radar but poised to go on a parabolic run.
Aquacat (AQUACAT) – ‘I am a cat (But Actually an Otter)’
Aquacat is less than 48-hours old and instantly went on an insane run. There has already been a few dips where early buyers took profits, but every time, the dip got slurped instantly.
There are less than 800 holders, and while this is quite a lot for a new meme coin, it’s also a good indication that we are early in a major growth token.
We like moist conditions and therefore we've decided to burn another 40SOL + Supply to ensure that the THE CAT STAYS AQUATIChttps://t.co/6CBm9EOGW3 pic.twitter.com/bcUplXQD3S
— $AQUACAT (@Aquacatonsolana) May 6, 2024
Aquacat has processed over $650k in volume over the past 24 hours, consolidating between $800-850k market cap. It briefly hit an all-time-high market cap of $1.3m, and there is good reason to believe this cat has more gas in the tank.
The best part about the Aquacat Solana meme coin is that it isn’t even a cat, it’s an otter.
Aquacat’s tagline is ‘I am a cat (but an otter). ‘ Rumours suggest that the developer and top holders are connected to a PolitiFi project with a current market cap of over $100m.
DISCOVER: Top Solana Meme Coins to Buy in May 2024
This is fairly easy to believe, given how bullish the top holders of Aquacat are; they haven’t sold any tokens in this initial run-up. This sentiment has been boosted as the developer is also a Chad, having initiated multiple burns of the token, the most recent being a burn of 40 SOL.
A combination of a great meme, a Chad developer boosting community confidence, and whale buys is a recipe for success on any new meme coin (just check Sponge token!).
So many hilarious meme coins with great communities have failed because early buyers (in control of the majority of the supply) continued to sell (known as ‘jeeting’). This kills all momentum on new projects – and so far it appears Aquacat is dodging that fate.
Meet Dogeverse: The Unification of DOGE Cross-Chain – Potential 100x Play?
Dogeverse (DOGEVERSE), is a new multi-chain dog-themed meme coin project with an active presale that has currently raised over $12m.
The meme coin is deploying its highly anticipated presale across multiple chains, including Ethereum, Avalanche, Base, and Solana.
The project’s developer said this approach democratizes access, and anyone can acquire the coin, turbocharging growth – becoming a force across the crypto market
Looking at events in the market, the in-demand Dogeverse presale will likely reap massive benefits as more users flock, searching for potent meme coins.
Supporters claim Dogeverse could be the next BONK and BOME, securing a $1 billion market cap in the coming weeks.
Follow Dogeverse on X to get the latest news and connect with the presale community on Telegram.
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Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital
