Crypto News

Orcat Surges 47,000% Amidst Explosive Solana Memecoin Craze

Today, Orcat, a Solana-based memecoin, has taken the cryptocurrency world by storm, experiencing an unprecedented surge of over 47,000% in the past 24 hours. 

With a market capitalization of $7.6 million, Orcat is currently trading at $0.0076, boasting over 40,000 transactions and a staggering $26 million in trading volume, according to data from dex screener.

Lookonchain reports that sundayfunday.sol, the largest participant in the $BOME pre-sale, recently made a significant move by acquiring 94.55 million Orcat tokens, amounting to 9.46% of the total supply. 

This acquisition was made at a cost of 73 SOL, equivalent to $15,000, across two wallets, establishing sundayfunday.sol as the largest holder of Orcat tokens. Subsequently, liquidity was added with 150 SOL and 12.4 million Orcat tokens on Raydium.

Notable Injection Of Orcat Tokens And Other Market To Watch

Further analysis reveals a series of strategic maneuvers by sundayfunday.sol, including additional token injections and liquidity provision.

Notably, recent activities involved the injection of 7.68 million Orcat tokens and 125 SOL into the trading pair, with promotions conducted on Twitter to drive further engagement and trading activity.

In parallel, another significant player, @bazingahappy, made headlines on March 15 by investing $2.3 million in $BOME and expressing support for the project with a $10,000 purchase. 

This investment coincided with Orcat’s remarkable 18-fold increase in value within the past 24 hours, underscoring the growing frenzy surrounding Solana-based memecoins.

The explosive growth of Orcat exemplifies the exuberance and speculative fervor currently sweeping through the cryptocurrency market, particularly within the Solana ecosystem. 

As investors and enthusiasts continue to ride the wave of meme coin mania, the landscape of decentralized finance undergoes unprecedented transformations.

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.

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