PAJAMAS, another Solana meme coin project, is dominating the crypto market in terms of earnings. The token has increased by more than 600 percent in just one week. Moreover, this increase is still going strong. Interestingly, it happened while meme coins like PEPE and WIF were falling. Therefore, no bullish element of the market played a role in the price increase. So, how does the price of PAJAMAS rise?
PAJAMAS price performance
The First Youtube Cat (PAJAMAS) is a Solana meme coin that launched in mid-March. The motivation for creating this meme coin was the first cat video launched on YouTube. The cat had the same name as the token. Additionally, he was the pet of YouTube co-founder Steven Chen. This token has increased by 690% in a week when its current value is $0.03071. It reached its all-time high of $0.0333 in the last 24 hours. Meme coin price started to rise as of April 22. However, it recorded the highest increase in the last two days.
PAJAMAS’s market capitalization is around $29,392 million, an increase of over 98% on the day. Additionally, transaction volume increased by 97% to $9.5 million. Meanwhile PAJAMAS price is still rising. Some claim that if the trend continues, meme coin will reach $0.01 in the next few days. However, it is also possible that the crypto market will succumb to its nature. That’s why investors need to be very careful about such hype tokens.
Why did the Meme coin price rise?
PAJAMAS gained an instant surge in demand, with the price increasing by more than 98% in the last 24 hours. First of all, it is different from DOG-themed meme coins. Additionally, PAJAMAS, which is new to the market, managed to attract the attention of investors. The token also managed to gain community support, which increased the token price. An X account recently complimented the ongoing performance of the PAJAMAS meme coin. In the post, he mentioned that despite market odds, PAJAMAS managed to turn losses into positive gains.
By the way, PAJAMAS meme token creator Steve Chen is also famous. Moreover, it is a popular name among people. As the creation story of The First Youtube Cat, the token gained popularity as they understood the nostalgia of old memories and the desire to immortalize them. So far PAJAMAS has only been listed on limited exchanges. But according to Steve Chen’s latest X post, there is a high probability of listing on Binance. In his post, he thanked Binance for holding these meetings. He also told the audience that he is excited to develop the web2 and web3 industry. In addition, he mentioned the famous Bitcoin Pizza story where a person traded Pizza for Bitcoin on May 22, the same date as PAJAMAS Cat was posted on YouTube.
To be informed about the latest developments, follow us twitter‘in, Facebookin and InstagramFollow on and Telegram And YouTube Join our channel!