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The price of Solana’s latest memecoin, $MANEKI, has surged by a staggering 30,000% since its launch. Just four hours after listing on the Jupiter Exchange, the memecoin has taken the cryptocurrency community by storm, garnering widespread attention and significant trading volume.
The rise of $MANEKI indicates a new wave of interest in Solana-based meme tokens, with crypto enthusiasts and major exchanges alike taking notice.
A Rapid Surge
In the past 24 hours, $MANEKI’s price has increased by 47%, reflecting the strong momentum behind this new meme coin. What’s crazy is that MANEKI has been listed on major crypto exchanges, including Jupiter, Crypto.com, CoinMarketCap, LBank, Gate.io, and Poloniex, with MEXC Global being the latest addition. These listings and verifications have played a major contributing factor to this rapid growth of MANEKI.
The popularity of $MANEKI can be partially attributed to the buzz on social media platforms like X (formerly Twitter).
The Wizard of Soho, a well-known crypto influencer, wrote, “Told you guys this cat was a winner. Broke 200mm. $MANEKI will send cope shocks around the space at 1bn.” This sentiment has fueled interest and hype among crypto investors, leading to a surge in trading activity.
Whale activity has also contributed to the excitement surrounding $MANEKI. According to LookonChain, a whale identified as ‘cat-addict.sol’ withdrew 25,948 SOL (valued at $4.05M) from Binance in the past three days.
This whale spent 19,445 SOL (approximately $3.03M) to buy 456.75M $MEW and an additional 6,503 SOL (around $1.01M) to purchase 109.64M $MANEKI, indicating a significant investment in these memecoins.
The Maneki team had launched an airdrop campaign before the official launch. Of the total supply of 8.88 billion $MANEKI, 10% was allocated to the community airdrop.
However, some participants did not receive their airdrop tokens as initially promised. The team addressed these concerns and announced they are still processing the airdrop rewards to ensure all participants receive their allocated tokens.
MEW vs MANEKI
Curbo, another popular crypto personality on X, compared $MANEKI’s trajectory to other successful memecoins, stating, “$MEW vs $MANEKI. #MANEKI is running the #MEW playbook.” This comparison hints at the potential growth and success of $MANEKI, with speculation that it could follow a similar path to other high-performing memecoins.
This Japanese Cat can be the next memecoin to reach $1bn market cap amidst an area dominated by many dogs of the memecoin world. The meteoric rise of Solana’s $MANEKI highlights the growing interest in memecoins within the cryptocurrency community.
With major exchange listings, influential endorsements, and active social media buzz, $MANEKI could become a significant player in the crypto space. However, investors should remain cautious, as the volatility and speculative nature of memecoins can lead to rapid fluctuations in price.