- PUFFER shows consolidation at $0.27 support, awaiting a breakout or further correction.
- MOODENG’s viral appeal, supported by the community, fuels an 81% price surge.
- Both tokens exhibit extreme volume-to-market cap ratios, signaling speculative activity.
Solana-based meme coins PUFFER and MOODENG are making waves again after their inclusion in Binance’s latest Alpha Projects spotlight. The announcement on May 11 injected fresh momentum into both tokens, sparking renewed investor interest and significantly boosting trading volumes. As speculative appetite grows and community chatter intensifies, the question now is whether this surge has staying power or if it’s just another short-lived rally for these Solana meme coins.
PUFFER: Consolidation Before Next Breakout?
PUFFER currently trades at $0.2836, showing a modest 5% gain in the past 24 hours. Earlier, the token spiked to a high of approximately $0.37 before undergoing a sharp correction. Since then, price action has stabilized, consolidating above the $0.27 support level. This base has held strong through recent volatility and now acts as a critical foundation.
Related: KuCoin Lists Puffer (PUFFER) for Ethereum Scaling
Short-term support also exists around $0.28, which has seen price clustering since the correction. On the upside, resistance looms at $0.30 and again near $0.37, where the recent rally was rejected. These levels will be crucial if PUFFER aims to regain upward momentum.
PUFFER trading volume rose sharply to $85.33 million, a 209% increase. Its volume-to-market cap ratio stands at an eye-popping 290%, suggesting extreme speculative behavior.
Related: Solana Token Performance: Ecosystem Shines as MOODENG and GOAT Meme Coins Rally
A potential concern for PUFFER token low circulating supply risk is that only 10% of its total supply is currently in circulation. This introduces a risk of dilution if additional tokens are unlocked.
MOODENG: Momentum Driven by Culture, Community, and Binance News
MOODENG, the Thai hippo-themed token, has exploded in price. It now sits at $0.2582—up over 81% in a single day. Starting from a low of just $0.01336, the token surged past $0.27 before settling slightly lower. The coin benefits from strong community backing and viral appeal, especially after it gained attention from Ethereum’s Vitalik Buterin.
Support for MOODENG now exists at $0.2200 and $0.2500, both recent consolidation zones. Resistance lies near $0.2750, with no established levels beyond that. This opens the door for speculative price discovery.
Volume has skyrocketed to $1.14 billion. The turnover rate is extremely high, with a 446% volume-to-market cap ratio. Nearly the entire supply is in circulation, reducing inflation risks that affect many newer tokens.
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