Dogwhiphat, Popcat, Bonk bracket for Key Contender: Pudlana.
Solana has emerged as the best blockchain for meme coin developers. Of course, Solana meme coins like DogWifeFat (WFF), PopCat, Book Meme (BOME) and Bonk are some of the biggest players in the industry.
Dogwifhat has a market cap of over $2.2 billion, while Bonk, Book of Memes and PopCat have a combined value of over $3 billion. More Solana meme coins like Pudlana may continue to gain market share in the industry.
Why the Solana meme is growing coins
Solana is one of the most popular blockchains in the world thanks to its low transaction costs and fast speed. This means that users who transact in these tokens pay only a small fee.
A good example of how low Solana's fees are is looking at this year's fees. According to data compiled by Token Terminal, Solana has collected more than $274 million in payouts while its network traffic is soaring.
This means platforms like Uniswap and Lido Finance have made more money than the second largest blockchain network in the industry. Ethereum, known for its high payouts, has made over $1.7 billion in payouts this year.
Solana's meme coins also thrived on the buzz around them. This trend started after Bonk's successful launch in 2023, pushing its market cap to $2.6 billion.
Solana is also integrated into Pump.fun, a platform that helps users create their tokens easily. Some of the top pump tokens are like Iggy and Michi.
Pudlana is being encouraged.
Meanwhile, Pudlana, the upcoming Solana meme coin, is gaining momentum. According to the most recent data, the token has raised more than 808 thousand dollars from international investors in less than 24 hours since its launch.
POODL token was going at $0.02 and its price is expected to rise to $0.023 in the next couple of days. Generally, the token sale will end in the next 30 days, followed by a launch in Radium, one of Solana's largest DEX.
Users can use POODL tokens as Ether, USDT, USD Coin, BNB, Solana and cash
Pudlana is based on the popular Japanese dog, the poodle. As a result, the developers hope it will perform better than dog-themed tokens like Dogecoin, Shiba Inu and Floki.
Pudlana is targeting the luxury market as it describes itself as a crypto Hermes. Hermes, also known as Birkin, is one of the most famous luxury goods companies in the world. As part of this theme, the developers are launching a weekly meme catwalk where users can win 2,500 USDT.
Some analysts believe that the current hype will help make Pudlana popular, which will drive up its price when it launches. However, like all assets, there is a risk that the token will not perform well, meaning investors should only add cash they can afford to lose. You can buy POODL token here.
