Memecoin

GOAT

GIGA

MEME

<p>On October 21, 2024, market data shows that Solana’s memecoin GIGA reached a record-high market capitalization of over $600 million, with the token price surging to $0.063—an impressive 27% increase in 24 hours. GIGA has also posted a 21.18% single-day rise, reflecting the growing momentum in the memecoin market.</p> 
<p><a href="https://dexscreener.com/solana/4xxm4cdb6mescxm52xvyqknbzvdewwspdzrbctqvguar" rel="nofollow noopener" target="_blank">GIGA</a>, also known as Giga Chad, is inspired by a viral internet meme depicting a muscular, confident character—often referred to as a “Chad.” Built on the Solana blockchain, GIGA taps into the popularity of internet culture to foster a community-driven project around this meme.</p> 
<p><img loading="lazy" decoding="async" class="alignleft size-full wp-image-52063" src="https://crypto.ro/en/wp-content/uploads/2024/10/dexscreener.com_GIGA_SOL_2024-10-21_13-36-03.png" alt="dexscreener.com GIGA SOL 2024 10 21 13 36 03" width="1339" height="510" title="Solana's MEME Token GIGA Hits $600 Million Market Cap Amidst Continued Memecoin Bull Run 26" srcset="https://crypto.ro/en/wp-content/uploads/2024/10/dexscreener.com_GIGA_SOL_2024-10-21_13-36-03.png 1339w, https://crypto.ro/en/wp-content/uploads/2024/10/dexscreener.com_GIGA_SOL_2024-10-21_13-36-03-300x114.png 300w, https://crypto.ro/en/wp-content/uploads/2024/10/dexscreener.com_GIGA_SOL_2024-10-21_13-36-03-1024x390.png 1024w, https://crypto.ro/en/wp-content/uploads/2024/10/dexscreener.com_GIGA_SOL_2024-10-21_13-36-03-768x293.png 768w, https://crypto.ro/en/wp-content/uploads/2024/10/dexscreener.com_GIGA_SOL_2024-10-21_13-36-03-750x286.png 750w, https://crypto.ro/en/wp-content/uploads/2024/10/dexscreener.com_GIGA_SOL_2024-10-21_13-36-03-1140x434.png 1140w" sizes="(max-width: 1339px) 100vw, 1339px"></p> 
<h3 id="memecoin-market-trends-and-whale-movements">Memecoin Market Trends and Whale Movements</h3> 
<p>The surge in GIGA is part of a broader memecoin bull run, with the total market capitalization of all memecoins nearly <a href="https://coinmarketcap.com/view/memes/" rel="nofollow noopener" target="_blank">doubling</a> in the past 30 days—from $31 billion to $59 billion. Despite this impressive growth, the memecoin market remains below its all-time high of $89 billion, set during the frenzy in 2021.</p> 
<p><img loading="lazy" decoding="async" class="alignleft size-full wp-image-52064" src="https://crypto.ro/en/wp-content/uploads/2024/10/photo_2024-10-21_13-38-48.jpg" alt="photo 2024 10 21 13 38 48" width="1280" height="494" title="Solana's MEME Token GIGA Hits $600 Million Market Cap Amidst Continued Memecoin Bull Run 27" srcset="https://crypto.ro/en/wp-content/uploads/2024/10/photo_2024-10-21_13-38-48.jpg 1280w, https://crypto.ro/en/wp-content/uploads/2024/10/photo_2024-10-21_13-38-48-300x116.jpg 300w, https://crypto.ro/en/wp-content/uploads/2024/10/photo_2024-10-21_13-38-48-1024x395.jpg 1024w, https://crypto.ro/en/wp-content/uploads/2024/10/photo_2024-10-21_13-38-48-768x296.jpg 768w, https://crypto.ro/en/wp-content/uploads/2024/10/photo_2024-10-21_13-38-48-750x289.jpg 750w, https://crypto.ro/en/wp-content/uploads/2024/10/photo_2024-10-21_13-38-48-1140x440.jpg 1140w" sizes="(max-width: 1280px) 100vw, 1280px"></p> 
<p>However, some key players are capitalizing on these price movements. One smart whale recently sold 22,726 SOL (worth $3.86 million) at a price peak just three hours ago, securing a significant profit. This particular whale is known for buying SOL at low prices and selling at highs, with total gains exceeding $2.5 million. They still hold 20,000 SOL (approximately $3.33 million), indicating that they remain engaged in the market.</p> 
<blockquote class="twitter-tweet"> 
 <p dir="ltr" lang="en">A smart whale sold 22,726 <a href="https://twitter.com/search?q=%24SOL&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="nofollow noopener" target="_blank">$SOL</a>($3.86M) at a price peak 3 hours ago.</p> 
 <p>This smart money always buys <a href="https://twitter.com/search?q=%24SOL&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="nofollow noopener" target="_blank">$SOL</a> at low prices and sells at highs.</p> 
 <p>He currently holds 20,000 <a href="https://twitter.com/search?q=%24SOL&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="nofollow noopener" target="_blank">$SOL</a>($3.33M), with a total profit of over $2.5M!<a href="https://t.co/e3Pgb1aMQq" rel="nofollow" target="_blank">https://t.co/e3Pgb1aMQq</a> <a href="https://t.co/n3AbKFpf24" rel="nofollow" target="_blank">pic.twitter.com/n3AbKFpf24</a></p> 
 <p>— Lookonchain (@lookonchain) <a href="https://twitter.com/lookonchain/status/1848307771390763071?ref_src=twsrc%5Etfw" rel="nofollow noopener" target="_blank">October 21, 2024</a></p>
</blockquote> 
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p> 
<p>In a similar move, another whale nicknamed the GOAT whale sold off a large portion of their holdings for a considerable profit. After purchasing 10.71 million GOAT tokens for 602.64 SOL, the whale sold 9.25 million GOAT for 19,669 SOL, realizing a staggering profit of 19,067 SOL (around $3.2 million), with a return of 32x on their investment. They continue to hold 1.46 million GOAT tokens (valued at approximately $506,000).</p> 
<blockquote class="twitter-tweet"> 
 <p dir="ltr" lang="en">A <a href="https://twitter.com/search?q=%24GOAT&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="nofollow noopener" target="_blank">$GOAT</a> whale is selling <a href="https://twitter.com/search?q=%24GOAT&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="nofollow noopener" target="_blank">$GOAT</a> for profit!</p> 
 <p>This whale spent 602.64 <a href="https://twitter.com/search?q=%24SOL&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="nofollow noopener" target="_blank">$SOL</a> to buy 10.71M <a href="https://twitter.com/search?q=%24GOAT&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="nofollow noopener" target="_blank">$GOAT</a> and sold 9.25M <a href="https://twitter.com/search?q=%24GOAT&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="nofollow noopener" target="_blank">$GOAT</a> for 19,669 <a href="https://twitter.com/search?q=%24SOL&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="nofollow noopener" target="_blank">$SOL</a>, with a realized profit of 19,067 <a href="https://twitter.com/search?q=%24SOL&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="nofollow noopener" target="_blank">$SOL</a>($3.2M) and a return of 32x.</p> 
 <p>He still holds 1.46M <a href="https://twitter.com/search?q=%24GOAT&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="nofollow noopener" target="_blank">$GOAT</a>($506K).<a href="https://t.co/NlX8ItvNTc" rel="nofollow" target="_blank">https://t.co/NlX8ItvNTc</a> <a href="https://t.co/592Y19J36f" rel="nofollow" target="_blank">pic.twitter.com/592Y19J36f</a></p> 
 <p>— Lookonchain (@lookonchain) <a href="https://twitter.com/lookonchain/status/1848288319425134820?ref_src=twsrc%5Etfw" rel="nofollow noopener" target="_blank">October 21, 2024</a></p>
</blockquote> 
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p> 
<h3 id="will-the-memecoin-bull-run-end">Will the Memecoin Bull Run End?</h3> 
<p>The rapid growth in the memecoin sector, combined with these strategic sell-offs by large holders, raises the question of whether this bull run can sustain itself.</p> 
<p>While some whales are beginning to cash out profits, the overall market remains strong, with considerable interest from retail and institutional investors alike. However, as history shows, the volatility in the memecoin space means the trend could shift abruptly.</p>

Solana’s MEME Token GIGA Hits $600 Million Market Cap Amidst Continued Memecoin Bull Run

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