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Cryptocurrency News Articles

Solana Meme Coins Surge Up to 210% Despite Pump.fun Incident

May 18, 2024 at 01:50 am

Solana Meme Coins Surge Up to 210% Despite Pump.fun Incident

Meme Coins

Solana meme coins surge up to 210% despite Pump.fun incident

Solana meme coins defy odds with market rally after Pump.fun exploit.

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Meme coin marketplace Pump.fun was attacked by a former team member yesterday, resulting in halted trading, users unable to liquidate their tokens, and the platform losing $1.9 million, according to a May 16 post-mortem. Despite this episode, the meme coin sector on Solana stood firmly in the last 24 hours, with tokens making two-digit leaps.

The best performance in the period was registered by DogeBoy (DOGB), with a nearly 210% upside, while Pepe Trump (PTRUMP) also saw significant positive movement of 67.5%. Maga VP (MVP), another Trump-themed token, is also among the biggest winners in the period, presenting almost a 31% price advance.

On the cat-coins front, MANEKI has shown 34% growth in the past 24 hours at the time of writing, a movement that made its market cap surpass $91 million. UpSideDownCat (USDC) surged almost 54% in the same period, and the cat Chipi (CHIPI) showed a 72% upside.

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