5 Meme Coins to Watch as Ethereum Sees Record $883M Inflow
Ethereum has seen a record daily inflow of $883 million on February 7, with long-term holders accumulating over $19.24 million worth of ETH. This represents a 20.55% increase in holdings, while the price of ETH has dropped by 20.75% this year. Increased accumulation indicates confidence among investors, as Ethereum often experiences price increases following such peaks.
Key points include:
- Record inflow and accumulation levels for Ethereum
- Investors are holding amid recent price drops
- Historical patterns suggest potential future price increases
In related developments, several meme coins are gaining attention:
1. Solaxy ($SOLX)
First layer 2 solution on Solana aimed at addressing network congestion. The presale has raised $19 million, with tokens priced at $0.00163.
2. MIND of Pepe ($MIND)
AI-driven trading tool that provides insights to retail traders. The presale has raised over $5.5 million, with tokens available for $0.0032924.
3. Meme Index ($MEMEX)
Offers diversified meme coin investments through various baskets. Currently in presale, it has raised $3.5 million, with tokens priced at $0.0160352.
4. Department Of Government Efficiency ($DOGE)
Aims to reduce federal spending under Elon Musk's leadership. It has increased by 35% in the last 24 hours, currently priced at $0.065.
5. SPX6900 ($SPX)
S&P 500-based meme coin that has gained nearly 40,000% in the last year. Trading at $0.67, it has a market cap of $624 million.
Investing in these assets carries risks due to market volatility. Conduct thorough research before making investment decisions.