Solana rallies, new altcoin surging in presale
Solana is up 6.71% rally to $100 in the last 24 hours. Meanwhile, Meme Kombat, currently in presale, is also surging.
Solana rising
At press time, SOL is making headlines alongside Jupiter, a DEX on Solana, following the recent JUP airdrop.
Onchain data shows that Jupiter briefly flipped Uniswap to be the largest DEX by trading volume.
Jupiter, trackers show, has a 19.2% market share, followed by Uniswap at 18.7%.
The DEX also tops CoinMarketCap’s trending list, illustrating massive community interest.
JUP was airdropped to Jupiter users, based on a Nov. 2 snapshot.
Ahead of the Jan. 31 airdrop, Solana’s TVL rose 28% from $1.269 to $1.629 billion Jan. 30.
At the same time, stablecoins on Solana now exceeds $200 million.
Even so, Solana ecosystem tokens like JUP, BONK, WIF, and MYRO are under pressure, down 62%, 4.67%, 39%, and 66%, respectively.
Dune Analytics data shows that over 75% of JUP airdrop recipients have liquidated their holdings.
However, Solana has also seen growth in the speculative markets.
CoinGlass data shows a 6.48% increase in open interest, outpacing other coins like Bitcoin and Ethereum.
The uptick also saw SOL rise to over $100.
Meme Kombat presale nears $8 million
Meme Kombat blends gambling, P2E, staking, and AI.
It has an augmented battle arena where users can gamble on AI-generated fights in several dynamic game modes.
Users can partake in player-vs-player, single-player, side betting, and more.
The project incorporates traditional odds mechanics for a fair and realistic gambling experience.
This use case has drawn investors, pushing the amount raised towards the $10 million hard cap.
MK is also backed by leading analysts, including Austin Hilton. He highlights the project’s meme characters and gameplay.
MK is used for placing bets.Â
Meme Kombat also supports staking mechanism, currently offering an 118% APY.
50% of $MK tokens are allocated to the presale, 10% to DEX liquidity, 30% to staking and battle rewards, and 10% to community rewards.
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