Solana-based coin HUND has seen huge gains, rising over 17% and gaining a trending spot on Google.
At the time of writing, HUND’s price is still up 9%, trading at $0.00942 according to CoinMarketCap data. The crypto asset has also seen a 3.7% increase in its daily trading volume, currently standing at around $4.6 million.
Meanwhile, the meme coin’s total market cap has jumped more than 10% to currently sit at $3.7 million. However, HUND is still down 72% from its all-time high of $0.03415 reached on March 30.
HUND is a German Shepherd-themed coin built on the Solana blockchain. The project’s highlights include a Hundswap DEX, an exclusive NFT collection, a multi-decentralized application platform with practical AI solutions, and an innovative metaverse game.
The meme coin has already gained listings on two major cryptocurrency exchanges, MEXC and Bitmart.
The NFT collection, set to launch in Q2 2024, will feature 5,000 NFTs of German Shepherd-themed comic art with a release date yet to be announced. To be eligible for the waitlist, investors must own more than 10,000 HUND tokens.
Meanwhile, the upcoming metaverse game, set to launch in Q3 2024, will incorporate AI functionality and offer an immersive experience centered around German Shepherd characters. More developments, including a test network and new partnerships, will be revealed by Q4.
The project’s founder, MuroCrypto, has been a prominent figure in the crypto space since 2017. Under his leadership, HUND aims to bridge meme culture, digital art, and blockchain technology, offering a mix of entertainment, engagement, and investment potential.
The recent surge in HUND comes on the heels of major asset management firm, VanEck, filing with the U.S. Securities and Exchange Commission to launch the first-ever Solana exchange-traded fund (ETF) in the United States.
VanEck’s move is likely to reignite enthusiasm among investors in Solana-based meme coins, who are anticipating a potential surge in the prices of such tokens following the approval of the Solana ETF.
Additionally, HUND has started a long-term incentive program where holders receive airdrops of newly launched meme coins.
On June 27, the team Advertise They will be distributing PIPI and SENDY meme tokens to HUND holders. They have one week from the announcement to claim their tokens.
PIPI, a recently launched coin, is a native PIPI coin, with HUND holders receiving 0.1 PIPI per HUND. Cindy is an original meme character created by Matt Furie, creator of PIPI and other characters, with HUND holders receiving 0.05 SENDY per HUND.
HUND’s recent surge comes despite the broader decline in the meme coin market, which is down 1.8% and currently stands at $48.3 billion.
