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You Won’t Believe What Happens When You Invest All Your Crypto Savings in the Next ‘Meme’ That Solana Hires a Influencer to Promote

A  illustration of a person sitting at a desk with multiple screens displaying cryptocurrency prices and charts, surrounded by memes and social media icons, while another character in the background is holding a 'PwnLord69' influencer poster.

Solana price rally: memecoin madness or a recipe for disaster? The ‘memecoin craze’ is at it again – this time fueling Solana’s (SOL) 12% surge in just seven days. Because what could possibly go wrong with buying into a token solely because of some social media influencer’s tweets?.

Source: cointelegraph

Solana's native token, SOL (SOL), gained 12.1% from Oct. 11 to Oct. 18 and data suggests that the upward momentum was partially driven by demand for memecoins. Increasing demand translates to higher network volumes, fees, and total value locked (TVL).  Traders are now debating whether the memecoin craze is sustainable and how SOL's price can continue to benefit from the surge in network activity. While there is no fundamental basis […]

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