The Solana-based meme coin HUND has recently surged by over 17% and has gained trending status on Google. At the time of reporting, HUND was showing a 9% increase, being traded at $0.00942 according to CoinMarketCap data. The daily trading volume of this cryptocurrency has also seen a rise of 3.7%, currently at approximately $4.6 million.
The total market capitalization of HUND has jumped more than 10%, reaching $3.7 million. Despite this increase, HUND's value is still 72% lower than its all-time high of $0.03415 achieved on March 30.
HUND, characterized by its German Shepherd theme, is built on the Solana blockchain. Key features of the project include the Hundswap DEX, an exclusive NFT collection, a multi-dApps platform with AI solutions, and an innovative metaverse game. The coin has been listed on major exchanges like MEXC and Bitmart.
The NFT collection, scheduled for launch in Q2 2024, will consist of 5,000 NFTs featuring German Shepherd-themed comic art. Investors interested in the waiting list need to hold more than 10,000 HUND tokens.
The upcoming metaverse game, slated for Q3 2024, is set to integrate AI capabilities, offering an immersive experience centered around German Shepherd meme characters. Further project developments, including a testnet and partnerships, will be unveiled by Q4.
The project's founder, MuroCrypto, has been a prominent figure in the crypto sphere since 2017. Under his direction, HUND aims to merge meme culture, digital art, and blockchain technology, providing a blend of entertainment, engagement, and investment prospects.
The recent increase in HUND's value coincides with asset manager VanEck's submission to the SEC for the first Solana exchange-traded fund (ETF) in the U.S. This move by VanEck has reignited investor enthusiasm in Solana-based meme coins.
HUND has also launched a long-term incentive initiative where holders receive airdrops of newly released meme coins. For instance, on June 27, it was announced that PIPI and SENDY meme coins would be airdropped to HUND holders, providing 0.1 PIPI and 0.05 SENDY per HUND, respectively.
Despite the general decline in the meme coin market, with a 1.8% decrease to $48.3 billion, HUND's recent surge showcases resilience and investor interest in the project.
