On May 28, when the overall cryptocurrency market was in a downturn, some of the top Solana meme coins bucked the trend and showed significant gains.
Despite the weak price fluctuations of major cryptocurrencies such as Bitcoin and Ethereum, tokens like Peng (PENG), Pajamas Cat (PAJAMAS), and Seal (SEAL) have attracted investors’ attention with their significant gains.
These top Solana meme coins that have thrived in a weak market show that traders are looking for alternatives to profit in a stagnant market. Moreover, this rally highlights the growing interest in Solana meme coins.
Peng (PENG) is the leading performer in the Solana meme coin space. The penguin-themed token has gained more than 2,15% since May 22 and is currently trading at around $0.83. Launched in March of this year, PENG has attracted more than 19,000 holders during this period and reached a market cap of $60 million.
The token’s viral presence on social media and strong community engagement have fueled its meteoric rise. PENG’s success highlights the influence of the top Solana meme coin in generating speculative interest and quick profits, making it stand out in the current market.
Pajamas Cat (PAJAMAS) has also made a splash with its recent price surge. Inspired by the first cat video uploaded to YouTube by co-founder Steve Chen, the token taps into nostalgia and internet history to attract investors.
To be honest, the public doesn’t really need a meme coin with any historical significance; it just needs to become a trending topic on social media.
Chen’s involvement in the project and its listing on BitNational’s OTC trading platform triggered a massive rally in April 2024, although the craze has cooled slightly. However, the PAJAMAS price surged by nearly 94% in 24 hours on May 28, reaching a daily high of nearly $0.031.
The token’s appeal lies in its unique narrative and strong community support, allowing it to continue to hit new heights despite overall market weakness. In addition, Pajamas Cat’s recent price performance has solidified the token’s position as a top Solana Meme Coin.
SEAL is another Solana meme coin that has been gaining attention with its recent price surge. This coin’s interesting theme and active community involvement have contributed to its success.
On May 28, 2024, SEAL price surged by nearly 90% to reach a daily high of nearly $0.9, benefiting from the overall enthusiasm within the Solana Meme Coin ecosystem.
Marketing campaigns and social media activity have further raised SEAL’s profile, attracting new investors and driving its price higher. SEAL’s performance highlights the potential for the top Solana meme coin to thrive while the overall market remains sluggish.