Solana-based meme coins, including KindnessCoin (KIND), StreamerCoin (STREAMER), and Feed The People (FTP), see a rise in trading volume and market cap during live streams, but analysts caution about their volatility and lack of real utility.
Solana-based meme coin KIND has surged to a market cap of $30.06 million, reflecting a 316.3% jump within 24 hours. Other meme coins, such as StreamerCoin and Feed The People, also experienced increased market activity. Despite this, analysts caution about the high volatility and limited practical utility of meme coins like KIND, STREAMER, and FTP, which are often driven by influencers and streamers.