Myro (MYRO), the Solana-based memecoin is on a major tear, however, with intense volatility defining its outlook. Over the past 24 hours, Myro has soared as high as $0.2607 with extreme growth rates recorded. These growth rates range from a gain of over 15% to a 2% drop at the time of writing.

The Unique Myro Milestone

The growth of Myro is hinged on the broader positive outlook of the Solana protocol which has contributed to the heightened embrace of the memecoin. Since the third quarter of 2023 when BONK re-ignited its uptrend, many alternative memecoins have entered the Solana ecosystem with notably wide price swings.

The token was one of the memecoins that made its emergence on Solana last year and with the initial hype, it became an instant sensation as it was created to mimic the name of the dog of Solana co-founder Raj Gokal.

From a low of $0.001995 attained back on November 14, 2023, Myro has soared by more than 1,100% to an All-Time High (ATH) of $0.2607 about 2 hours before the time of writing. With the impressive rally printed thus far, Myro has now grown to become the 5th largest memecoin in the market by 24-hour-trading volume which is pegged at $88,795,158.

With this ranking, only Dogecoin (DOGE), Shiba Inu (SHIB), BONK, and Dogwifhat (WIF) are ahead of the memecoin in this ranking. This current figure underscores the sustained interest in Myro seeing it flipped PEPE in trading volume as reported earlier.

Is The Solana Mobile Incentive at Play?

The social mentions of Myro have also grown remarkably, seeing it is now trending on X. It is worth noting that only BONK and Dogwifhat are more capitalized than Myro at the moment, seeing other performant memecoins from last year including AnaloS have given up their gains.

The growth and renewed frenzy in Myro might be subtly linked to the announced Solana Mobile upgrade. From last year’s precedence, securing a Solana Mobile phone may entitle holders to airdrops from project building in the ecosystem. Already, more than 30,000 pre-orders have been recorded in 24 hours.

These airdrops are particularly of interest to memecoin farmers, hence, giving Myro its unique acclaim overnight..

The post MYRO Volatility Soars as it Enters Top 3 Memecoins on Solana appeared first on CoinGape.

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Filed under: News - @ January 1, 1970 12:00 am