Solana-based meme token HUND has experienced substantial growth, surging by more than 17% and achieving trending status on Google.
As of the latest update, HUND maintains a 9% increase, trading at $0.00942 according to CoinMarketCap. The cryptocurrency has also witnessed a 3.7% uptick in its daily trading volume, hovering around $4.6 million.
HUND’s 24-hour price chart, sourced from CoinMarketCap, reflects these recent developments.
Simultaneously, the meme coin’s total market capitalization has surged by over 10%, stabilizing at $3.7 million. Despite this, HUND remains 72% below its peak of $0.03415 recorded on March 30.
HUND stands out as a meme coin inspired by the German Shepherd breed, operating on the Solana blockchain. Noteworthy features of the project encompass Hundswap DEX, an exclusive NFT collection, a multi-dApps platform integrating practical AI solutions, and an innovative metaverse game.
The cryptocurrency has already secured listings on prominent exchanges such as MEXC and Bitmart.
Scheduled for Q2 2024, the upcoming NFT collection will showcase 5,000 pieces of German Shepherd-themed comic art, with the minting date yet to be disclosed. Prospective investors must hold over 10,000 HUND tokens to qualify for the waiting list.
Scheduled for Q3 2024, the forthcoming metaverse game will incorporate AI capabilities, offering an immersive experience centered on meme characters inspired by German Shepherds. Further updates, including a testnet launch and new partnerships, are anticipated by Q4.
MuroCrypto, the project’s founder, has been a respected figure in the crypto community since 2017. Under his guidance, HUND aims to bridge meme culture, digital art, and blockchain technology, providing a blend of entertainment, engagement, and investment opportunities.
In related news, Dogwifhat (WIF) leads a rally among meme coins with a 19% surge.
The recent surge in HUND coincides with asset manager VanEck filing with the SEC for the first Solana-based exchange-traded fund (ETF) in the U.S. This move has reinvigorated interest in Solana-based meme coins, with investors anticipating potential price increases once the Solana ETF gains approval.
Furthermore, HUND has launched a long-term incentive program where holders receive airdrops of newly introduced meme coins. On June 27, the team announced the airdrop of PIPI and SENDY meme coins to HUND holders, who have one week to claim their tokens.
PIPI, an original Pepe variant, grants HUND holders 0.1 PIPI per HUND, while SENDY, an original meme character by Matt Furie, grants 0.05 SENDY per HUND.
Despite a broader downturn in the meme coin market, which has decreased by 1.8% to $48.3 billion, HUND continues to demonstrate resilience and growth.
For more insights on the surge of meme coins in 2024, read our detailed coverage.