Solana-based meme coins continue to attract attention. Bonk coin increased by more than 30 percent in 24 hours the previous day. Transaction volume increased by nearly 300 percent, reaching 388 million dollars.
The Bonk price has rebounded after a long period of decline. The rise in BONK price comes amid signs that it may have hit bottom and could soon experience a bullish breakout.
The Solana network is abuzz with various trading activities, offering different chances for investors to invest in beneficial meme coins. BONK had emerged as a standout coin among the few coins introduced on Solana. However, leading cryptocurrency experts and investors have begun to turn to a new meme coin, which is an alternative to BONK and is expected to perform better.
Frog Wif Hat (FWIF), a recently introduced French-themed meme coin, stood out. There was an incredible 800 percent increase in Frog WiF Hat token purchases in just 24 hours.
Frog Wif Hat Seeks to Expand to Solana and Reach $100 Million Market Cap
Frog Wif Hat (FWIF) token, which was launched the other day, managed to attract attention by adding a zero and making 10x on its first day. Frog Wif Hat, the meme coin that adorned the headlines, has aroused a lot of excitement in the market since its launch on Uniswap.
Following the introduction, all 1 billion FWIF tokens were made available. With the rapid increase in the number of buyers of Frog Wif Hat tokens, the value of the token increased by almost 800 percent in seven hours, reaching $0.0045. The rapid increase in value also caused excitement among buyers, creating a spot trading volume of $7.5 million and a market value of $1.4 million.
FWIF Overtakes BONK in Trending Tokens List
As of the time this news was written, FWIF managed to surpass popular tokens such as Bonk Coin (BONK) and Bobo (BOBO) in DEXScreener.com’s trending tokens list.
Frog Wif Hat, the frog mascot holding a baguette, has managed to attract a lot of attention from meme coin investors, as evidenced by its rapidly expanding communities on Twitter and Telegram.
The token seems advantageous because it has no transaction taxes, unlike many meme coins that have significant fees. This increases the appeal of FWIF for frequent trading and speculation.
Additionally, Frog appears to be in a position with potential as the momentum surrounding Wif Hat increases.
As of the time this news was written, FWIF is trading at $0.00182, having fallen overnight. However, such pullbacks represent very familiar situations for newly launched meme coins, which have experienced rapid increases in value since the beginning.
Roadmap of Frog Wif Hat
FWIF aims to achieve rapid growth by capitalizing on the popularity of Solana meme coins. The Frog Wif Hat project is currently exclusive to Ethereum, but phase 2 of the strategy aims to connect the token to Solana.
Frog Wif Hat aims to surpass the success of the newly released Smog token. Bonk Coin (BONK), on the other hand, looks like it will be able to access the active meme coin market on Solana, which includes popular coins like dogwifhat (WIF) and Myro (MYRO). On the other hand, there are also claims that Frog Wif Hat was launched by the founders of these successful coins.
The Portal Bridge is said to significantly expand the token’s user base by connecting Frog Wif Hat’s liquidity and community to Solana. Portal Bridge uses Wormhole’s technology and has a total value locked (TVL) of over $1.4 billion.
Frog Wif Hat’s goal to connect to Solana, which is popular for trading meme coins, is intended to benefit the token’s growth.
In addition to the attractiveness of the token, scarcity also stands out. If the development team can effectively connect FWIF to many chains, this will differentiate it from most meme coins that are hosted on only one chain.
This additional feature, along with participation in the Solana meme coin network, currently valued at more than $1.6 billion, will provide significant benefits such as higher transaction activity and cross-chain liquidity.
Equal Launch and Distribution Created for FWIF Except for Meme Coin Package
In addition to its intention to connect with Solana, Frog Wif Hat has a variety of other qualities that make it an attractive meme money coin investment. The project was launched with all its tokens in circulation and liquidity was secured on Uniswap. This component is important because it protects against developers performing a rug-pull operation.
Additionally, developers no longer have the ability to create new FWIF tokens. This limits dilution while reassuring investors that the circulating supply will not exceed 1 billion.
Frog Wif Hat’s plan is to acquire 10k token holders through viral marketing campaigns in the future.
Frog Wif Hat stands out as an important project in the meme coin industry due to its locked liquidity, Solana bridge plans and fair distribution, despite the inherent risks associated with new coin launches.
Investors can purchase Frog Wif Hat tokens via Uniswap by using the purchase button at frogwifhattoken.com.
Disclaimer: This is a sponsored content and press release and what is written here cryptokoin.com It does not reflect the views of the team. The high risk of loss should be taken into consideration in leveraged transactions and cryptocurrency investments, and extensive research should be done before investing in any platform.
To be informed about the latest developments, follow us twitter‘in, Facebookin and InstagramFollow on and Telegram And YouTube Join our channel!