Memecoin season fades on Tron and Solana as utility tokens explode

As memecoin season fades, utility tokens like Rollblock are taking center stage, with RBLK surging 160% in just weeks amid growing demand.

Just a few weeks ago, the memecoin season was at full tilt. Total memecoin capitalization went to an impressive $70b record high. However, Solana bled 40% of its yearly high, and so did SOL memes. Even Tron, which recently struck gold with the SunPump memecoin launchpad, has lost its luster. 

But as the memecoin season continues to fizzle out, the potential of utility tokens to offer sustainable growth and real-world value is becoming increasingly apparent. One such promising utility token is Rollblock, which has turned into a gold rush and went up 160% in mere weeks. Let’s find out why.

Tron’s meme frenzy fizzles

Justin Sun embracing the meme culture on Tron was an important highlight of the memecoin season this year. In no time, the DeFi network blazed to new highs before sputtering to low investors’ interest. 

Tron’s TRX, once riding high on a 24.8% surge, has now tumbled 9.5% from its peak. Although some Tron-based memecoins like Sundog and Muncat saw a surge likely spurred by social media buzz, the broader picture only shows waning enthusiasm. 

Solana memecoins shed 30%

Solana memecoins had a spectacular run this year. At the start, SPL meme coins, BONK and WIF blazed a trail that helped Solana token to its feet from the 2023 gut wrenching lows. But Solana’s recent flounders only elicited a ripple effect that shed over 30% from many SPL memecoins.

The memecoin season’s fading frenzy has also dimmed Solana’s embers. Despite consistent accumulation at the $125 support level, SOL has struggled to break the $140 resistance. The decline in Pump.fun user activities, coupled with a drop in Solana’s TVL, points to waning interest as investors flock to promising utility tokens.

GambleFi utility token Rollblock leaps 150%

While Tron and Solana memecoins continue their floundering, utility tokens are taking over the bull crypto narrative. The memecoin season seems far from over, but Rollblock’s ingenuity has taken over quicker than wildfire. The reason is crystal clear: utility tokens like Rollblock offer value and purpose that memecoins can’t.

The GambleFi protocol bringing the imaginative Vegas dream to life with its DeFi-backed AI casinos, resonated well with investors seeking massive gains and value-driven utility. At its core, Rollblock addresses the shortcomings of traditional casinos with a provably fair, blockchain-based casino.

In addition to offering over 7,000 slots, table games, sports betting and web3 classics, Rollblock holders earn passively and consistently. Its revenue share program distributes 30% of generated revenue back to the community. Besides, there are hold-to-earn, cashback, and staking opportunities to maximize earnings.

For a token predicted to go 100x for its first mover advantage in iGaming’s $500b market, it’s easy to see why Rollblock is exploding. The Rollblock presale has already brought in $3.4m, and experts think it’s an easy 100x. The 160% price gain early investors saw hints at this reality. Fortunately, this utility token is still in stage six presale for $0.026.

To learn more about Rollblock, visit the official website and its socials.