While Mem token popularity has been increasing in recent weeks, the majority of this popularity is concentrated in Solana (SOL) based mem tokens.
At this point, Solana-based BOME, which had two listings in a row, attracted attention with its rise, but also brought controversy.
Thanks to the increase and controversy in Solana and BOME prices, SOL and BOME were the altcoins that attracted the most crowd attention over the weekend.
Analyzing SOL and BOME, Santiment said that SOL and BOME have outperformed Bitcoin, Ethereum and the overall market over the last seven days.
At this point, he noted that investors continue to view Solana and SOL-based mem tokens as viable alternatives to Ethereum (ETH)-based altcoins, saying the crowd's growing interest could be a sign of the coming retail investor frenzy.
“X has become the two top trending assets across social platforms such as Reddit, Telegram and 4Chan as BOME and SOL have outperformed the markets recently.
“The crowd continues to view Solana and SOL-based mem tokens as viable alternatives to Ethereum-based altcoins.”
Solana continues to trade at $203 at the time of writing.
*This is not investment advice.
