HUND meme coin based on Solana experiences a surge in value following hopes for ETF and NFT launch
The HUND meme coin, based on Solana, has experienced a significant upsurge, soaring over 17% and achieving a trending status on Google.
As of the current moment, HUND still maintains a 9% increase, being traded at $0.00942 according to CoinMarketCap data. In addition, the cryptocurrency has observed a 3.7% rise in its daily trading volume, currently standing at approximately $4.6 million.
The 24-hour price chart of HUND can be viewed on CoinMarketCap.
Simultaneously, the meme coin’s total market capitalization has leaped over 10%, now resting at $3.7 million. Nonetheless, HUND remains 72% below its all-time peak of $0.03415 recorded on March 30.
HUND is a meme coin themed around German Shepherds, established on the Solana blockchain. Key features of the project encompass Hundswap DEX, an exclusive NFT collection, a multi-dApps platform with practical AI solutions, and an innovative metaverse game.
This meme coin has already been listed on two prominent cryptocurrency exchanges, MEXC and Bitmart.
The forthcoming NFT collection, anticipated to launch in Q2 2024, will showcase 5,000 NFTs of comic art reflecting the German Shepherd theme, with the exact mint date yet to be disclosed. To be eligible for the waiting list, investors must hold more than 10,000 HUND tokens.
Concurrently, the upcoming metaverse game, scheduled for Q3 2024, will incorporate AI functionalities, offering an immersive experience centered around German Shepherd meme characters. Further advancements, including a testnet and new partnerships, will be unveiled by Q4.
The founder of the project, MuroCrypto, has been a well-regarded figure in the cryptocurrency realm since 2017. Under his guidance, HUND aims to connect meme culture, digital art, and blockchain technology, presenting a fusion of entertainment, engagement, and investment opportunities.
In a related development, a surge has been observed in HUND following an announcement by VanEck, a significant asset manager, filing with the SEC for the inception of the first Solana exchange-traded fund (ETF) in the U.S. This move by VanEck has likely reignited optimism among investors in Solana-based meme coins, speculating a potential surge in token prices post the approval of the Solana ETF.
Furthermore, HUND has commenced a long-term incentive program where holders receive airdrops of newly launched meme coins. On June 27, the team proclaimed that PIPI and SENDY meme coins would be airdropped to HUND holders. Holders have a week from the announcement to claim their tokens.
PIPI, a recently launched meme coin, is an original Pepe variant, with HUND holders receiving 0.1 PIPI per HUND. SENDY represents an original meme character by Matt Furie, the creator of Pepe and other characters, with HUND holders obtaining 0.05 SENDY per HUND.
Despite a broader decline in the meme coin market, seeing a decrease of 1.8% and presently valued at $48.3 billion, HUND’s recent surge has managed to stand out.
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