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Amid the bearish meme coin market trend, Dogecoin (DOGE) is heavily banking on the potential approval of its spot ETF. Meanwhile, Solana-based meme coins dogwifhat (WIF) and ai16z (AI16Z) are feeling the heat as negative sentiment escalates amid a Solana meme coin scandal.
Among the array of best meme coins, the young altcoin JetBolt (JBOLT) injects a fresh wave of excitement with a smashing presale of nearly 330 million tokens sold. Oozing with memetic charm, JetBolt bedazzles meme coin enthusiasts even more with its trailblazing features like zero-gas technology.
Can DOGE, WIF, and AI16Z rise above the challenging meme coin landscape? Or could JetBolt lead the charge with its innovative tech mix? Let’s dive into the top trending meme coins whales can’t stop buying.
Dogecoin (DOGE) has been experiencing a mixed market reaction for the past weeks. Priced at $0.2564 at the time of writing, DOGE posted a slight recovery over the last seven days, but has plummeted more than 30% in the past month and is still declining nearly 4% in the 24-hour chart frame.
Crypto trading analyst Ali Martinez provided a bearish insight into Dogecoin’s price movement. In an X post, he stated that DOGE has hit another “death cross” pattern, as its Market Value to Realized Value (MVRV) Ratio fell below the 200-day moving average—a historically negative signal that has happened to DOGE twice. Previously, this pattern resulted in price declines of 26% and 44% for Dogecoin.
Falling below the 200-day moving average suggests that many holders are underwater, typically leading to increased selling pressure. Despite DOGE's price fluctuations, dynamics may potentially shift as indicated by one key metric—the coin’s open interest (OI), which has soared over the last 48 hours.
All the while, the potential approval of DOGE ETFs is raising market optimism. Earlier on, Bloomberg ETF analysts James Seyffart and Eric Balchunas gave the DOGE ETFs a 75% chance of being approved in 2025. Interestingly, Dogecoin has a more straightforward path toward getting SEC approval since it has not been classified as a security. Additionally, DOGE shares several characteristics with Bitcoin, for which the SEC has already approved ETF products.
dogwifhat (WIF) is currently Solana’s third top-performing meme coin by market cap. Trading at $0.6295 as of press time, WIF has dropped 7% over the last seven days and is still declining on the daily chart.
CoinGecko's list of top Solana meme coins by market cap with WIF ranking third
In the beginning of February, the meme coin with the pink-knitted hat was caught up in the Las Vegas Sphere scandal. Although the meme coin team already explained their side and promised to return contributions if the ad campaign plan fails, WIF already took the hit and plunged over 64% in the past month.
Yet again, WIF is beginning to feel the brunt of an angry market, with mounting concern and dissatisfaction over alleged meme coin issues on the Solana network.
In the fourth quarter of 2024, application revenues on Solana surged by 213%, largely driven by meme coin speculation, according to a report from crypto research firm Messari. However, insider selling and significant losses for retail buyers are spoiling sentiment within Solana’s meme coin ecosystem.
JetBolt (JBOLT) is shaking up the meme coin landscape with its groundbreaking zero-gas technology, a major leap forward in solving blockchain’s gas fee dilemma. This cutting-edge feature removes gas costs, enabling users to transact freely and effortlessly, all the while powered by the Skale Network. This innovation could also pave the way for a world of cost-efficient opportunities in decentralized applications.
To further highlight its futuristic platform, JetBolt has incorporated an AI utility that speaks volumes about showcasing a next-generation kind of blockchain experience. This crypto tool displays trending news stories and snippets of AI-aggregated crypto data, categorized according to market sentiment.
Additionally, JetBolt gives a social dimension to crypto staking to empower user engagement and create shared moments of blockchain activity. Users staking in the ecosystem get the chance to earn rewards from staking their JetBolt tokens while more rewards can be had via platform engagement.
What’s more—JetBolt’s Web3 wallet is easy to use, thanks to the advanced integrations of WebAuthN protocol and face recognition feature. This intuitive feature makes entry into the ecosystem easier.
To seal the presale excitement, JetBolt include attractive perks like the special Alpha Box bundles that grant up to 25% more JBOLT tokens on batch purchases in presale. With a steaming hot early adoption rate and cutting-edge Web3 utilities, plus a sleek, lightning-cat mascot, meme coin whales cannot not help but notice JetBolt.
ai16z (AI16Z) is a decentralized autonomous organization (DAO) led by AI agents, designed to integrate artificial intelligence (AI) into treasury management, investment, and venture capital. AI16Z, currently changing hands at $ 0.3571, has also been experiencing a decline over the past month, losing almost 70% according to data from CoinGecko.
On February 13th, blockchain tracking firm Lookonchain reported that a crypto whale recently withdrew $5 million worth of Solana to be invested in AI-related tokens. The anonymous investor spent nearly $8 million in Solana to purchase ai16z before withdrawing over 25,000 SOL from Coinbase.
Earlier, investor interest in AI16Z surged after a string of exchange listings. On January 20th, the decentralized trading platform dYdX listed the token, broadening AI16Z’s market presence. Then, Kraken Pro added the altcoin to its perpetual futures market on January 22nd.
However, it remains to be seen how AI16Z will move in the coming days. The coin’s price could be influenced by the speculated meme coin issues that are currently plaguing the Solana blockchain.
In this turbulent landscape, the resilience of Dogecoin, WIF, and ai16z will be put to the test. As these three top meme coins plunge, whales are making their big move, seemingly taking advantage of the dip. While insider selling and retail losses cast a shadow over Solana-based meme coins, the potential for recovery remains. And of course, DOGE is anticipating a boost in liquidity and market presence if its spot ETF filing receives approval.
Meanwhile, JetBolt is amassing interest with its tech-powered features and impressive presale growth, capturing the attention of meme coin whales and enthusiasts. With its Web3 utilities and futuristic energy, JetBolt infuses a fresh vibe into the evolving meme coin ecosystem, emerging as a distinct challenger alongside established players like DOGE, WIF, and AI16Z.
This piece does not provide any financial advice or Web3 guidance. Subject to market volatility, prices of all cryptocurrencies can rapidly change. It is essential to partake in your own independent research before making any crypto-related decisions or purchases.
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Disclaimer: Analytics Insight does not provide financial advice or guidance on cryptocurrencies and stocks. Also note that the cryptocurrencies mentioned/listed on the website could potentially be risky, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. This article is provided for informational purposes and does not constitute investment advice. You are responsible for conducting your own research (DYOR) before making any investments. Read more about the financial risks involved here.
