(MENAFN- News Direct) Samoyedcoin ($SAMO) was an enormously popular meme coin when it launched in the spring of 2021. At the time, the crypto market was red hot and investors were strongly bullish on Solana, the blockchain on which $SAMO was built.
However, Samoyedcoin's popularity fell off sharply with the onset of crypto winter - just one year after launch, $SAMO had fallen 98% from its all-time high.
The implosion of FTX, one of the key backers of the Solana ecosystem, further hurt Samoyedcoin's popularity and for the past several months, it has been trading around $0.003.
That changed suddenly on May 25, when $SAMO rocketed more than 450% in the span of a few hours to a peak of $0.018, with trading volumealso hitting $110 million, according to crypto data provider coinmarketcap .
The price action came on the heels of a China Central Television (CCTV) broadcast that featured the Samoyedcoin NFT collection and included a QR code inviting viewers to visit the project's website.
The floor price of the samoyedcoin nft collection is also up as a result of the broadcast.
However, it appears unlikely that $SAMO will hold onto its gains for long with traders already taking profits from the pump and the token falling back to $0.0055.
Considering the recent price malaise of $SAMO, a return to the $0.003 level within a few days is probable.
Still, the attention brought on Samoyedcoin shows just how strong the meme coin market is right now. Traders in search of a more sustained pump can find opportunities in AiDoge, Snek, and Wall Street Memes.
Wall Street Memes Sees $100k Investment in First Day of its Presale
wall street memes (wsm) is the newest meme project on the block and is already making waves in the crypto community after an impressive first 24 hours.
Launched on May 25, Wall Street Memes raised more than $100,000 in less than a day and looks set to rapidly grow in the coming days and weeks given its link to the 'WallStreetBets' Reddit community and its 400,000 combined social media followers.
The token has been developed by the same team behind the Wall St Bulls NFT collection, which sold out in just 32 minutes in 2021 and is also now launching a new Bitcoin Ordinals collection on Magic Eden.
The huge buzz around that collection has also seen massive support for the wall street memes token collection, with $WSM currently on sale in stage 1 for $0.025 each.
The meme token has a max supply of 2 billion with 50% allocated to the presale and a hard cap of $30.577 million. The remaining supply will be used for community rewards and CEX/DEX liquidity, with no team allocation showing their dedication to the project.
By the final presale stage, $WSM will rise to $0.0337, meaning investors get a better deal the earlier they enter into it. A token airdrop is also on offer.
visit wall street memes presale
AiDoge Raises $14 Million, Traders Readying for Explosive ICOThe rise of aidoge promises to dwarf the recent price action in Samoyedcoin - this token combines the red-hot AI niche with the ultra-popular shiba inu meme and traders are going wild.
In less than a month, AiDoge has raised more than $14 million in one of the most successful crypto presales in recent memory. The project is rapidly closing in on its $14.9 million hard cap and is preparing for an ICO that promises to be nothing less than explosive.
The presale offers traders and investors a chance to buy $AI, a new token that will power a generative AI platform to create viral new memes. Users can describe the meme they want to create, and AiDoge's algorithm will instantly produce a custom image and text to accompany it.
That means that anyone can now create a clever meme without any graphic design skills. Even better, aidoge makes it easy to mint each new meme as an NFT, enabling users to claim ownership over their creations. When a meme goes viral, everyone will know who created it.
$AI tokens play a central role in the AiDoge ecosystem - users who stake $AI earn daily credits to generate memes with the algorithm. Top creators can also earn $AI as a reward for their viral memes - based on community votes - creating a built-in incentive for memesters to take their ideas to the next level.
The AiDoge presale is just hours away from its next price increase and could sell out within a few days. Traders, investors, and memesters need to hurry if they want to get in on the ground floor of this hot meme coin before it launches.
visit aidoge presale
Cardano-based Snek Jumps 180% in First Week of Trading
snek is a new meme coin bringing memes to the Cardano blockchain - it's designed to compete with the mainly Ethereum-based universe of shiba inu meme coins and help grow the Cardano community.
Since launching on May 14, $snek has jumped more than 250% to $0.0005 and now has a market cap of $38 million, making it the fourth-largest crypto in the Cardano ecosystem.
Trading volume in $SNEK remains relatively low compared to Ethereum-based meme coins, with the token, so far, seeing peak trading volume of $5.6 million, which has since tapered to $2.5 million.
However, a temporary lull in activity is common for meme coins, which often see a resurgence that pumps them to new all-time highs.
Snek attracted traders initially with its fair launch, which included the project's founders setting aside zero coins for themselves. Snek also placed the majority of its token supply on the market during its ICO, ensuring that reserved tokens cannot increase supply and drive down the price later.
$SNEK is currently trading on WingRiders DEX and the SundaeSwap decentralized exchange. It remains unclear whether centralized exchanges will list $SNEK since it's not an ERC-20 token.
However, a major exchange listing could be the catalyst that sends this meme coin to new all-time highs.
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