GINNAN: A New Cat Meme Cryptocurrency Season Headliner

Solana is definitely the headliner of what has been happening in the crypto market over the past year and a half.

Solana has been making waves in the crypto market over the last year and a half. While SOL, the native blockchain token, has seen an impressive recovery after the FTX crash, reaching nearly $100 billion in market capitalization, Solana is also hosting some interesting developments.

One of these is the meme cryptocurrency season, where hundreds or even thousands of new tokens are being deployed on the blockchain daily. Creating them has never been easier. New narratives are emerging every day, some fading away quickly, while others, like cat meme cryptocurrencies, seem to be sticking around.

One of these coins is GINNAN, a meme token created in honor of Kabosu Mama's cat, who became famous worldwide thanks to the DOGE meme after her Shiba Inu became the inspiration for Dogecoin.

What'^s Happening?

The cat was already known, but the meme token connected to it only appeared a couple of days ago. This is because DOGE's owner got a new dog, shifting the attention of all the degens to it. Since its launch, the token has managed to reach $70 million.

Afterward, however, there was a sell-off by those who managed to buy GINNAN before the hype, and the token’s price dropped by 45%.

What will happen next with the cat token remains to be seen. Meme cryptocurrencies are known for being highly risky and rarely surviving, although there have been some successful cases. Either way, the crypto market continues to surprise us.

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