Altcoin
Solana’s Soulja Coin (SBOY) Price Pumps 119% As Major Update Looms
Soulja Coin (SBOY), a celebrity token on the Solana blockchain, has recently garnered substantial investor interest, skyrocketing over 100% in the past 24 hours. This pumping movement is primarily attributed to a looming update for the token’s ecosystem. The token is affiliated with the American rapper Soulja Boy, aka DeAndre Cortez Way.
Soulja Coin Gains 119% Amid Video Game Development
According to an official X post by the rapper Soulja Boy today, August 14, a video game’s development on Soulja Coin token’s ecosystem is almost finished. “A big update” concerning the game is to be issued tomorrow.
This announcement has echoed optimism for the coin’s Web3 venture, as seen by today’s phenomenal price upswing. Moreover, the ecosystem development and the rapper’s coin have gained additional traction, aligning with DeAndre’s SODMG tour announcement.
Intriguingly, the American rapper revealed an upcoming tour named SODMG on X, set to take place from September to October this year. In light of this event, the coin’s ecosystem developments have garnered additional attention across the industry.
It’s worth noting that with the abovementioned ecosystem development, Soulja Boy emerged as the first rapper to have his own Web3 video game system. Also, Soulja Coin (SBOY) price gained 119.5% in the past 24 hours to reach $0.000533, per CoinGecko data.
Meanwhile, celebrity coins on Solana have recently emerged as a hot trend in the crypto sector.
Celebrity Coin MOTHER Gains Traction
On the other hand, another celebrity coin has gained significant traction in recent days amid Soulja Coin buzz. American Singer Iggy Azalea launched the MOTHER meme coin on the Solana blockchain in June 2024 this year.
Since its inception, the MOTHER token has gained 126% and currently boasts a market cap of $43.20 million. Further, as of writing, MOTHER price rested at $0.04381, a 9.23% gain over the past day.
Additionally, it’s worth mentioning that Jason Derulo, another American music artist, launched the JASON token on the abovementioned blockchain earlier this year.
Meanwhile, SOL price traded at $145.13 today, a 0.89% dip in the past 24 hours.
Coingape Staff
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Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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