The new Solana meme coin Baseheroes has rallied by close to 300% in the past 24 hours and appears poised to extend its gains over the coming days.
With Bitcoin and large-cap altcoins exhibiting weakness due to macroeconomic risks, smart money traders have predictably pivoted to low-cap meme coins and crypto presales.
For instance, Sealana ($SEAL) – another SOL meme token – has raised over $4 million in its presale and is gearing up for its highly anticipated launch in the last week of June. Experts project $SEAL to be the next meme token to explode.
Baseheroes Price Doubles in a Day Following NFT Airdrop
The demand for Solana meme coins is on the rise again, especially since experts expect Bitcoin to display sideways price action over the coming weeks. There is also a substantial possibility of strong selling pressure on large-cap altcoins.
Baseheroes is one of the tokens benefitting from this demand. It is currently trading at $0.00023, up by over 300% in the past day. This price rally could be attributed to Baseheroes’ ongoing NFT airdrop, with 500 NFTs already distributed and 1500 more to go.
However, the meme coin is displaying substantial bullish strength in the higher time frames as well and is up over 9,000% over the past week.
Data from DEXTools reveals that the new meme coin has caught the attention of several deep-pocketed investors, with one whale investing over $9,000 into it. Owing to its explosive price action, Baseheroes is also now amongst the top trending tokens on DEXTools.
With a market capitalization of $2.3 million and a daily trading volume of over $3.6 million, the meme coin has a high volume-to-market cap ratio, which signals more volatility in the coming days and a potential for higher gains.
As such, the Baseheroes X account has announced a “mega burn event”, which could have a significant bullish impact on its price. It has also revealed that a KOL campaign has been initiated.
MASSIVE KOL campaign initiated 💰💰💰
Be a HERO or get left behind 🦸♂️
— Baseheroes (@Baseheroes_) June 15, 2024
Key Opinion Leaders or KOLs are social media influencers and popular traders who vet a new project and promote it. Owing to their favourable reputation and solid track record, KOLs play an important role in increasing the token’s popularity and consequently, its price potential.
More crypto whales and retail investors could now look to invest in Baseheroes, especially with the KOL campaign and token burn event now announced.
Sealana Raises $4 Million Ahead of its Launch – Is it the Next Solana Meme Coin to Explode?
Sealana ($SEAL) is another new token that is capturing the attention of smart money traders and retailers alike and could be the next Solana meme coin to explode.
The new meme coin has already raised over $4 million in its presale itself, more than the entire market capitalization of Baseheroes. With the Sealana ICO now in its final stages and scheduled to end on June 25th, the FOMO for the meme coin is reaching a fever pitch.
Even before its launch, KOLs and crypto analysts are bullish on Sealana, with some even hinting at the possibility of 100x gains.
Popular YouTube trading expert ClayBro – who has over 130k followers on X – even believes that $SEAL has the potential to be one of the top Solana meme coins.
As such, smart money traders are constantly on the lookout for meme coins that can make them laugh. Sealana’s mascot – a chubby and patriotic seal trading out of his mom’s basement- has caught their fancy.
A quick look at the project’s X account showcases the Sealana mascot engaging in eccentric and hilarious activities, such as challenging Connor McGregor to a fight or having a “Redneck Lives Matter” poster on his bedroom wall.
Seems like @thenotoriousMMA didn’t like #Sealana asking why he was drinking whiskey at the #Roadhouse rather than fighting in the octagon…🥊 If only he knew before raising his fists that Sealana was a 300lbs ex army $SEAL…🪖🦭
It’s not going to be a fair fight but no one will… pic.twitter.com/L1TqztPiAX
— Sealana (@Sealana_Token) June 10, 2024
Sealana’s simplified presale model is another key factor behind its demand. Similar to Slerf and Slothana – two successful meme coin projects – interested buyers can send $SOL to the project wallet and receive $SEAL as an airdrop. Alternatively, they can use the over-the-counter widget on the Sealana website.
Either way, investors have a little over 10 days to buy this new meme coin early before its presale ends on June 25th.