The Solana meme coin ecosystem is witnessing a remarkable increase in activity, largely due to the rapid ascent of PNUT, a newly emerged meme coin. Within just ten days, PNUT has achieved a market capitalization of $1.3 billion, making it the fourth-largest among Solana's meme coins.
This surge is attributed to the viral nature of a particular TikTok pet, which has caught the attention of users and investors alike. Additionally, Elon Musk's influence has played a substantial role in driving interest and investment in PNUT.
As PNUT attracts more attention, it has ascended to eighth place overall in the meme coin rankings, highlighting its growing prominence within the broader Solana ecosystem. The integration of social media trends and key influencer endorsements exemplifies how modern meme coins can leverage viral content for rapid growth.
