Meme Coin Market Watch: Solana's OG Token TROLL Holds the Line, New Coin on Base Chain SWIF Surges

BlockBeats News, August 7th, according to GMGN data, the "Hot" section on the Solana blockchain in the past 24 hours ranked the top five tokens by trading volume as DeepSeekAI, BOSS, TROLL, SPARK, and MLP. Except for TROLL, all are newly listed meme tokens with low market capitalization and few holders, posing a higher risk.

On the other hand, on the Base chain, the top five in trading volume in the past 24 hours are mostly well-established projects, namely ZORA, EURC, wstETH, SWIF, and VIRTUAL. SWIF has been listed for less than 24 hours, so be cautious as it has a low market capitalization and may carry significant risk.

BlockBeats reminds users that most meme coins lack practical use cases, experience significant price volatility, and therefore, investment should be approached with caution.