There seems to be some weird activity going on in the Solana memecoin sector. A recent initiative features an extremely cute mascot that is similar to the well-known meme frog. You understand. As they burned the liquidity, etc., they were basically trying to pull a BONK.

But in reality, it's skyrocketing. A listing on a major exchange is on the horizon, the trade volume is out of control, and the price chart looks ridiculously vertical. Is this just a fleeting trend, or are we witnessing the rise of another memecoin monster?

It is understandable, I think, that the community is furious. I am half-tempted to throw some change at it, but I can't help but giggle at how ridiculous it is, even though I fully expect it will implode gloriously.

Anyone else witnessing this hype? Do these memecoin projects ever have staying power, or are they all destined to crash and burn? This one's got me scratching my head, and I'm here for the trend.