Saad Ullah
Solana's meme coin, MANEKI (MANEKI), has surged over 30,000% since its inception, experiencing a remarkable 45-50% increase in the last 24 hours alone.
Solana's Meme Coin Mania
The meteoric rise of MANEKI has ignited both excitement and scrutiny, particularly due to significant whale activity. Seven wallets, potentially linked to a single entity, swiftly acquired 44.9% of the total MANEKI supply within one minute of launch, spending 3,388 SOL (approximately $525,000) for 3.99 billion MANEKI tokens. Despite subsequent distribution across nearly 100 wallets, no selling activity has been observed.
While the Maneki team earmarked 10% of the total supply for a community airdrop, reports have emerged of participants not receiving their promised tokens. However, the team has assured stakeholders that they are actively rectifying the issue to ensure all participants receive their allocations promptly.
The fervor surrounding MANEKI has extended to Solana "Chapter 2" smartphone pre-order customers, who received airdrops of both MANEKI and another Solana meme coin, MEW. The combined value of these tokens, standing at $459 as of Thursday morning, surpasses the phone's original $450 price tag.
As MANEKI continues to captivate the cryptocurrency realm, its ability to sustain momentum and carve a lasting presence remains uncertain. Nevertheless, its unprecedented surge underscores the enduring appeal of meme coins within the digital asset landscape.
In conclusion, MANEKI's explosive ascent on the Solana network exemplifies the volatile yet exhilarating nature of meme coins in the crypto sphere. Whether it can withstand the test of time and evolve into a formidable contender remains to be seen, but its current trajectory certainly warrants close observation.
Saad Ullah
