The Rise of Myro
Myro (MYRO), a memecoin built on the Solana protocol, has experienced significant growth recently. In the past 24 hours, its price has soared as high as $0.2607, with fluctuations ranging from a 15% gain to a 2% drop at the time of writing.
The Influence of Solana
Myro’s growth can be attributed to the overall positive sentiment surrounding the Solana protocol. Since the third quarter of 2023, when BONK started its upward trend, many alternative memecoins have emerged on Solana with volatile price swings.
Myro was one of these memecoins that gained popularity due to its connection to Raj Gokal, co-founder of Solana, and his dog. From a low of $0.001995 in November 2023, Myro has surged by over 1,100% to reach an all-time high of $0.2607.
A Top Meme Coin
With a 24-hour trading volume of $88,795,158, Myro is now the fifth-largest memecoin in the market. It ranks below Dogecoin (DOGE), Shiba Inu (SHIB), BONK, and Dogwifhat (WIF) in terms of trading volume.
The Impact of Solana Mobile
Myro’s social mentions have also increased significantly, making it a trending topic. This surge in popularity may be linked to the recent announcement of the Solana Mobile upgrade. Owning a Solana Mobile phone could entitle holders to airdrops from projects within the ecosystem.
Over 30,000 pre-orders for Solana Mobile have already been recorded in just 24 hours, indicating strong interest. Memecoin farmers are particularly interested in these airdrops, which has contributed to Myro’s sudden acclaim.
Hot Take: Myro’s Explosive Growth
Myro has experienced an impressive rally, becoming one of the top memecoins in the market. Its connection to Solana and the anticipation surrounding the Solana Mobile upgrade have contributed to its recent surge. As the memecoin market continues to evolve, it will be interesting to see how Myro and other projects on Solana perform in the future.
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