Solana-Based Cryptocurrency HUND Surges on ETF Hopes, NFT Launch

Solana-based meme coin HUND saw significant gains, increasing by over 17% and achieving trending status on Google.

At the time of writing, HUND was still up 9%, trading at $0.00942 according to data from CoinMarketCap. The crypto asset also saw a 3.7% increase in its daily trading volume, currently hovering around $4.6 million.

HUND 24-hour price chart | Source: CoinMarketCap

Meanwhile, the cryptocurrency’s total market cap has surged by more than 10% and currently sits at $3.7 million. However, HUND is still down 72% from its all-time high of $0.03415 reached on March 30.

HUND is a German Shepherd-themed cryptocurrency built on the Solana blockchain. Highlights of the project include Hundswap DEX, an exclusive NFT collection, a multi-dApp platform with practical AI solutions, and an innovative metaverse game.

The meme coin has already secured listings on two major cryptocurrency exchanges, MEXC and Bitmart.

The NFT collection, set to launch in Q2 2024, will feature 5,000 German Shepherd-themed comic book NFTs, with a minting date yet to be announced. To be eligible for the waitlist, investors must hold more than 10,000 HUND tokens.

Meanwhile, its next metaverse game, scheduled for Q3 2024, will integrate AI features and offer an immersive experience centered around German Shepherd meme characters. Further developments, including a testnet and new partnerships, will be unveiled by Q4.

The project’s founder, MuroCrypto, has been a reputable figure in the crypto space since 2017. Under his leadership, HUND aims to bridge meme culture, digital art, and blockchain technology, offering a blend of entertainment, engagement, and investment potential.

HUND’s recent rise follows major asset manager VanEck’s deposit with SEC for first-ever Solana exchange-traded fund (ETF) in the United States

VanEck’s decision likely renewed enthusiasm among investors in Solana-based meme coins, who anticipate a potential price hike for these tokens following the approval of the Solana ETF.

Additionally, HUND has launched a long-term incentive program where holders receive airdrops of newly launched meme coins.

On June 27, the team announcement that it would distribute PIPI and SENDY coins to HUND holders. They have one week from the announcement to claim their tokens.

Pipi The Pepe (PIPI), a recently launched meme coin, is a original Pepe variantHUND holders receiving 0.1 PEE per HUND. Sendy is an original meme character by Matt Furie, the creator of Pepe and other characters, with HUND holders receiving 0.05 SENDY per HUND.

HUND’s recent surge comes despite a broader decline in the meme coin market, which declined 1.8% and currently stands at $48.3 billion.

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