APES (APES) is grabbing attention on the Solana blockchain, with its price shooting up over 200% in the past week.
This price explosion has retail investors sitting up and taking notice.
Meanwhile, a new contender called Base Dawgz (DAWGZ) is set to launch next week – and early backers believe it could follow in APES’ footsteps.
APES Surges Over 260% After Launching On the Solana Chain
APES is making a big splash on Solana.
Launched on August 19th, the token is up over 260% since its initial price.
APES was up by an enormous 680% at its peak yesterday before pulling back in the last few hours.
Over $10 million worth of spot volume has taken place in the past 24 hours.
And the token now boasts a market cap of almost $18 million.
Not bad for a meme coin that’s only 11 days old.
As its name implies, APES is a monkey-themed token that leans heavily into its “degen” vibe.
Apart from the APES Mini App, which allows players to earn tokens by completing simple tasks, it has no real utility or roadmap.
But that hasn’t stopped investors from piling in.
Interestingly, the official website also notes plans for a staking app that’s coming soon.
So, while APES might be thriving now, the future could be even more exciting.
Solana Meme Coins Struggle as Bitcoin Dips Below $60K
However, the rest of the Solana meme coin scene isn’t faring so well.
WIF and BONK, usually the stars of the show, are down around 5% this week, and BOME has dropped by 14%.
Even POPCAT is barely making gains.
Overall, things are looking bearish for Solana-based tokens.
The sector’s market cap has dipped to $6 billion, and 24-hour trading volumes have gone down to $1.1 billion.
But this isn’t just a Solana issue.
The entire crypto market looks shaky, with Bitcoin dropping below $60,000, causing investors to be anxious.
The Crypto Fear & Greed Index, a popular proxy for market sentiment, has even moved into “Fear” territory.
So, while most meme coins are struggling, APES is clearly going against the current.
It’s another example of how, sometimes, a token can defy market trends in a major way.
Multi-Chain Meme Coin Base Dawgz Defies Bearishness & Set for DEX Launch Next Week
Speaking of tokens defying current trends, let’s turn our attention to Base Dawgz.
While the broader market has taken a dip, this new meme coin has been making steady progress.
Base Dawgz is set to make its exchange debut next week, and excitement is building.
But what’s generating all the buzz?
The main reason is that DAWGZ isn’t limiting itself to just one blockchain.
According to Base Dawgz’s whitepaper, it will be available on Base, Ethereum, Solana, BNB Chain, and Avalanche, offering broad accessibility to holders.
No other meme coin takes this sort of approach.
Unsurprisingly, the buzz around DAWGZ’s multi-chain setup has been a hit with investors, helping the presale raise over $3.2 million.
However, the presale will wrap up in just five days.
That means investors only have a narrow window to get DAWGZ tokens at the listing price of $0.008582.
Once the token hits exchanges next week, its price could move in any direction, which is why investors are participating in the presale while they can.
Crypto expert ClayBro predicted DAWGZ will “explode” post-listing.
The analysts at 99Bitcoins backed his bullishness, saying that DAWGZ “might make you a millionaire.”
With APES making headlines and Base Dawgz about to launch, the meme coin space is proving that it’s far from dull.
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