Solana KOL and celebrity coin trend gains traction as one token hits $13M market cap

A report says a coin tied to @blknoiz06 appears to have revived a Solana meme coin theme, with another Solana-based token climbing to a $13 million market capitalization.

Summary

A Solana meme coin tied to @blknoiz06 appears to have helped reignite a KOL (key opinion leader) and celebrity coin trend on the network, according to the report. The post says another Solana-based token, identified as solana:4U4U8oXwDyVXGeTffMXds4NAgBgLFwq3wNvTCRTSpump, reached a $13 million market cap. The development points to renewed speculative activity around personality-driven token launches on Solana, where fast and low-cost trading has frequently made the chain a hub for short-lived meme coin cycles.

Terms & Concepts
  • KOL: Key opinion leader in online markets
  • market cap: Total value of a token's circulating supply
  • meme coin: Cryptocurrency driven largely by internet hype