Silly reaching new highs, MEME surging on Solana and Avalanche
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Silly reaching new highs, MEME surging on Solana and Avalanche
Have you come to pick up money on Solana and Avalanche?
Navigating Web3 tides with focused insightsWritten by: Lüdong Xiaogong, BlockBeats
A MEME trading frenzy on Solana and Avalanche is sweeping the market.
Compared to Ethereum, these networks are favored by traders for their lower transaction fees and faster speeds. Solana’s transaction costs are extremely low—less than one cent—and processing takes only a few seconds; in contrast, Ethereum transactions cost at least $15 and can take up to a minute. This disparity has made Solana and Avalanche new favorites among investors.
Solana
A series of meme-based memecoins on Solana have taken off. Explosive growth in some projects has not only sparked heated discussions in the market but also contributed significantly to the sustained popularity of the Solana ecosystem.
Among all layer-1 chain inscriptions, Sols has consistently stood out. Last week, Bitget announced it would list the Solana-chain inscription token Sols, opening trading channels on December 15. Subsequently, market data from Magic Eden showed that the floor price of Sols surpassed 100 SOL, setting a new historical high and leaving many investors “kicking themselves.”
Meanwhile, Solana DEX trading volume has exceeded $5 billion, breaking historical records and even surpassing Ethereum within a 24-hour period.
Although most memecoin liquidity resides on Solana DEXs like Jupiter and Raydium, most “memecoin traders” execute trades via information aggregation frontends such as Birdeye and Meteora.
Silly Dragon
SILLY continues to hit new highs.
First is SILLY, a "meme" inspired by Solana Labs co-founder Toly wearing a dragon costume during the Breakpoint conference. The launch of SILLY, combined with the upcoming Year of the Dragon, quickly made it a market focal point.
Beyond offline exposure, Toly has repeatedly liked and shared posts about the “Silly Dragon” meme on social media, amplifying its reach with messages like “Urgently need Silly Dragon memes.”
With repeated “endorsements” from Toly, SILLY continued climbing. According to BlockBeats, on December 20, SILLY broke past $0.024, gaining over 131% in 24 hours. A few hours later, it surged past $0.047, expanding its 24-hour gain to 211%.
Today, Silly Dragon reached yet another new high. At the time of writing, the price was $0.0686, showing strong signs of becoming Solana’s next “Meme King.”
ZERO
According to BlockBeats, after briefly exceeding $1.7 on December 15, the ZERO token dropped to $0.5 within two days, but last night powerfully rebounded above $1.6, re-entering the spotlight.
ZERO is a Solana-based token combining inscriptions, memes, and gambling concepts. With a total supply of 21 million tokens, 10.5 million will be minted at 0.08 SOL each, with all proceeds going into an AMM pool. This unique structure has sparked intense discussion within the crypto community, despite being in a very early stage.
The ZERO token was created by @Pland__, an early Ordinals OG and Solana developer. Pland pointed out that Sols isn't purely an inscription but essentially an NFT, and there are hidden fees during NFT inscription verification. Therefore, he launched the Meta Protocol using inscription technology and introduced a fair mint (Fairmint) for the pure inscription ZERO on Solana.
The Fairmint mechanism is intriguing: lasting 10,500 Solana blocks (approximately 300 milliseconds per block, totaling around 90 minutes), with 10,500 inscriptions issued. A number extracted from each block's hash determines the winner: if the number is even, the first transaction closest to the hash value from top to bottom wins; if odd, it's reversed. Each transaction costs 0.08 SOL, with all fees added directly into the ZERO pool.
Reportedly, the winning probability is about 8%, leading to a market cap of $1.3 million when entering the pool. In the Solana ecosystem, many new projects are snapped up quickly. By leveraging Ordinals technology and principles, the Meta Protocol has innovatively achieved a fair mint—likely one reason for ZERO’s popularity.
WIF
In addition, WIF—the “hat-wearing dog” meme token—frequently ranks first on Birdeye’s trading heatmap. At the time of writing, WIF was priced at $0.21.
According to BlockBeats, one trader earned a massive profit of $1.47 million in just five days by investing in the Solana-based meme token WIF.
!knoB
Recently, knoB has gained traction in Chinese-speaking communities. As a reversal of the word “Bonk,” users have transferred their affection for “Bonk” onto “knoB,” with the community even referring to $zero, $silly, and $knob as the three leading horses on the Solana chain.
The knoB website, Twitter, and community exhibit strong absurdist meme characteristics. The website design is simple with playful color schemes. At the time of writing, !knoB was priced at $0.00093, with a 24-hour gain of 211.1% and a 7-day increase of 1,683.0%.
Avalanche
During the last bull run, Solana, Avalanche, and Terra emerged as the three most widely adopted L1 blockchains, collectively shaping the narrative of “new-generation public chains.” Solana became known for its high throughput and low fees, while Avalanche branded itself as the “financial internet,” aiming to bridge blockchain with traditional finance.
In this latest wave of inscriptions and memes, Avalanche is once again following closely behind Solana, with the inscription AVAX rising nearly 12% recently.
COQ
COQ is a chicken-themed meme project launched on December 8 by @WojakSatoshi. Within less than a week of launch, it has become the hottest meme coin on Avalanche. The community refers to COQ as the PEPE of Avalanche.
In recent days, COQ has shown significant upward momentum. According to CoinGecko data, on December 18, COQ first rose 26.7% within 24 hours, reaching $0.00000178. Later that same day, its gain expanded to 45.1%, pushing the price to $0.00000196. On December 19, COQ surged 108.6%, reaching $0.00000244, demonstrating strong market dynamics.
At the time of writing, COQ was priced at $0.00000324.
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