Avalanche Meme Coin Trenches Heat Up as AVAX Lambo Token Touches $25 Million

Meme coins trading on Avalanche Blockchain heats up with multiple multimillion -dollar runners launched on the Socialfi application of The Arena. In fact, a native token platform, ARENAOver the weekend, it increased by 127% to $ 58.7 million.

The biggest winner is LamboMeme coin just created on Saturday who skipped a $ 25.24 million market cap. It is almost half the market cap of the platform on which it was launched. But since then, $ 25.3% to $ 18.84 million withdrew.

Other notable runners include Magic internet moneywhich reached $ 5.4 million on a market cap on Friday and has since dropped $ 73% to $ 1.4 million. As well as Bridge bridge bridgeWhat is entertaining on merchants who encourage others to replace – or bridge – their avalanche tokens. Token touched $ 2.4 million before dropping $ 35% to $ 1.5 million on Monday.

Arena is the Socialfi application that allows users to bring in their contents through the rollover system. Last month a platform took out Token Launchpad and Dex, short to decentralized exchangewhich recently exploded in volume.

In the past 24 hours, according to BreakArena Dex processed a volume worth $ 17.7 million – an increase in 645% compared to the day after Dex was launched. This has raised to be The third largest decentralized exchange On the avalanche, surpassing Uniswap in the process.

Token Launchpad created more coins on Saturday and Sunday than he had any other day, excluding one -day spike shortly after the launch, he states Block data. Accordingly, the number of tokens launched on the Arena on Saturday and Sunday was 2,362 and 2,356 or 2,362. For comparison, leading Saltworks launch Pump.fun created 23,456 in the past 24 hours, according to Dune data.

But traders believe it is easier to choose the avalanche winner – in some way as a result of less saturation.

“100% I’m serious when I tell you that there is a 0% chance of getting this right to salt,” Jesus Martinez, Lionaire merchant and ambassador, wrote on xearlier Twitter. “It probably won’t last forever, but it feels nice.”

“Another Arena has launched a coin that goes vertically,” the pseudonym crypto influencer Korean Jew Posted on Xreferenced Lambo’s recent rush. “There is no great thing, it happens all the time.”

As the avalanche platform exploded in growth, the Arena Desimone CEO reminded users that the application would eventually get their own L1. This is thanks to Avalanche’s ability to create L1, previously called Podmreža, for projects that will be measured, and at the same time allow L1 to communicate with each other.

Avalanche shot Out of network Is one of the brightest examples of this in action, with his dedicated L1 in the Gunz network that runs his The spread of the skin in the game.

“Part of the successful ecosystem is not only launching token, but builders of construction tools and DAPPS at the top of this Socialfi L1”, Desimone said on X. “We have seen more tools and [decentralized apps] Because it was built for the Arena in the last 2 weeks of the previous 1.5 years. You are still early to this. The way forward is clear. “

Edited Stacy Elliott.