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Solana-based HUND meme coin surges amid ETF hopes and NFT launch

solana-based-hund-meme-coin-surges-amid-etf-hopes-and-nft-launch
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Solana-based HUND meme coin surges amid ETF hopes and NFT launch

Solana-based meme coin HUND has seen significant gains, surging over 17% and gaining trending status on Google.

At the time of writing, HUND was still up 9%, exchanging hands at $0.00942 per data from CoinMarketCap. The crypto asset also saw a 3.7% rise in its daily trading volume, currently hovering around $4.6 million.

Solana-based HUND meme coin surges amid ETF hopes and NFT launch - 1
HUND 24-hour price chart | Source: CoinMarketCap

Meanwhile, the meme coin’s total market cap jumped over 10% and currently holds at $3.7 million. However, HUND is still down 72% from its all-time high of $0.03415 reached on March 30.

HUND is a German Shepherd-themed meme coin built on the Solana blockchain. Key highlights of the project include Hundswap DEX, an exclusive NFT collection, a multi-dApps platform with practical AI solutions, and an innovative metaverse game.

The meme coin has already secured listings on two major crypto exchanges, MEXC and Bitmart.

The NFT collection, set to launch in Q2 2024, will feature 5,000 NFTs of German Shepherd-themed comic art with a mint date yet to be announced. To be eligible for the waiting list, investors must hold more than 10,000 HUND tokens.

Meanwhile, its upcoming metaverse game, slated for Q3 2024, will integrate AI functionalities and provide an immersive experience centred around German Shepherd meme characters. Further developments, including a testnet and new partnerships, will be revealed by Q4.

The project’s founder, MuroCrypto, has been a reputable figure in the crypto space since 2017. Under his leadership, HUND aims to bridge meme culture, digital art, and blockchain technology, offering a blend of entertainment, engagement, and investment potential.

The recent surge in HUND follows a major asset manager, VanEck, filing with the SEC for the first-ever Solana exchange-traded fund (ETF) in the U.S.

VanEck’s move has likely renewed enthusiasm among investors in Solana-based meme coins, who anticipate a potential price surge in such tokens following the approval of the Solana ETF.

Additionally, HUND has initiated a long-term incentive program in which holders receive airdrops of newly launched meme coins.

On June 27, the team announced that it would airdrop PIPI and SENDY meme coins to HUND holders. They have one week from the announcement to claim their tokens.

Pipi The Pepe (PIPI), a recently launched meme coin, is an original Pepe variant, with HUND holders receiving 0.1 PIPI per HUND. Sendy is an original meme character by Matt Furie, the creator of Pepe and other characters, with HUND holders receiving 0.05 SENDY per HUND.

The recent surge in HUND comes despite a broader drop in the meme coin market, which has decreased by 1.8% and currently stands at $48.3 billion.