5 Solana Meme Coins To Avoid, Including Pepe Trump

by

As a seasoned crypto investor with a few battle scars from past market downturns, I strongly advise against investing in the Solana meme coins discussed here – Pepe Trump (PTRUMP), GameStop (GME), Gigachad (GIGA), Shark Cat (SC), and Jeo Boden (BODEN). Based on my analysis of their market performance and lack of solid fundamentals, these tokens pose significant risks to your financial stability.

Based on the latest market analysis, it’s recommended to steer clear of several meme coins currently experiencing a slump. Specifically, Pepe Trump (PTRUMP), GameStop (GME), Gigachad (GIGA), Shark Cat (SC), and Jeo Boden (BODEN) have been identified as meme coins to avoid for the sake of financial security. These coins exhibit extreme volatility and lack a solid foundation of fundamental values, making them uncertain investments.

Solana Meme Coins To Avoid – Pepe Trump (PTRUMP)

Pepe Trump token (PTRUMP), which runs on the Solana blockchain, has experienced notable market buzz. Currently, its total market value is estimated at $9,819,562, placing it 1478th on CoinGecko’s list. In just the previous 24 hours, trading volume soared to over $1.7 million, representing a substantial 82.80% rise – a clear sign of heightened investor attention.

5 Solana Meme Coins To Avoid, Including Pepe Trump

I’ve analyzed the current price of PTRUMP at $0.009849 and noticed a significant decrease of 26% over the past 24 hours. This decline makes it a potentially risky investment choice among Solana meme coins. However, I’ve also observed that PTRUMP has experienced a robust increase of 69.60% over the past week. Surpassing the global cryptocurrency market, which is down by 1.40%, and outperforming other meme cryptocurrencies with a mere 6.70% rise, highlights PTRUMP’s recent strength.

2. GameStop (GME) 

GameStop’s cryptocurrency token, GME, is presently valued at $0.0038 on the Solana blockchain. In the previous 24-hour period, there was a 6.36% decrease in its value. The token attained its peak price of $0.0205 on May 15, 2024, marking its all-time high (ATH). Currently, it is 81.4% below that record price.

GameStop has a circulating stock of 6.89 billion tokens, which is equal to its maximum supply. The trading volume for this token in the last 24 hours was $11.80 million, leading to a market capitalization of approximately $26.16 million. However, despite being present in the cryptocurrency market, GameStop accounts for zero percent of the overall market share.

Over the last week, the value of GameStop (GME) stock dropped by 20%, indicating a downward trend. Yet, within the past month, its price has experienced an impressive increase of 732%. This recent uptick notwithstanding, GME’s price has dropped by 33% over the past year, raising concerns about its investment safety when compared to popular meme coins like Solana.

3. Gigachad (GIGA)

As a researcher studying the dynamic world of meme coins within the crypto community, I’m intrigued by the aspirations of Gigachad (GIGA). This meme-inspired project aspires to lead the pack in our niche market. However, it’s not just about digital currency for Gigachad; we place great emphasis on personal growth and self-improvement. Encouraging members to strive towards becoming their best selves is a core tenet of our community. We believe that time and discipline are essential virtues, worth cherishing and embodying in all aspects of our lives.

As an analyst, I would rephrase that statement as follows: I am part of the community known as Gigachad, which goes beyond being merely a memecoin. Instead, it’s a collective of individuals who share a common goal of personal development and making a positive impact on those around us.

At present, the value of Gigachad is $0.003026, and its trading volume over the past 24 hours has been $487,000. There’s been a 12.82% decrease in the coin’s price within this timeframe, suggesting a downward trend. With a market capitalization of $29 million, Gigachad holds the 3187th position on CoinMarketCap.

4. Shark Cat (SC)

The cryptocurrency known as Shark Cat (SC), which is built on the Solana platform and features the iconic meme of a cat wearing a shark hat, currently has a price of $0.082234. In the past 24 hours, its trading volume has amounted to $5 million. The value of Shark Cat has dropped by 1.93% over this period. At present, it holds the 2735th position on CoinMarketCap with a market capitalization of $81 million.

Over the last week, the value of Shark Cat significantly rose by 45%, signaling a bullish market direction. Within the past month, this cryptocurrency has experienced a price hike of 98%. Nevertheless, it’s important to exercise caution as Shark Cat’s price dropped by 53% over the last year among Solana meme coins.

5. Jeo Boden (BODEN)

Jeo Boden (BODEN), a meme coin from the Solana blockchain, humorously references President Biden through its lighthearted platform. The project’s website features amusing memes and uses the Comic Sans font to enhance its comedic appeal.

5 Solana Meme Coins To Avoid, Including Pepe Trump

As an analyst, I’ve observed that since its debut, BODEN has experienced a staggering growth of 742%. This surge can be attributed to the heightened anticipation surrounding the U.S. Presidential elections and the recent trend of meme tokens gaining popularity in the market. However, it is important to note that over the past month, BODEN’s value has dipped by more than 9%, making it a Solana meme coin that warrants careful consideration for potential investors.

At present, Jeo Boden’s value is $0.2917, representing a 3.4% drop over the last 24 hours. The crypto holds the 2673rd position on CoinMarketCap and boasts a market capitalization of $202 million.

Bottom Line

The waning popularity of these Solana meme coins serves as a reminder of the need for prudent investing. Steering clear of Pepe Trump, GameStop, Gigachad, Shark Cat, and Jeo Boden can contribute to maintaining financial security. Instead, investors could consider concentrating on prominent crypto sectors such as staking, artificial intelligence, and DeFi to build strong investment portfolios.

Read More

2024-05-31 19:31