New Solana Meme Coin Lormhole Jumps 75,000% With $6 Million Market Cap

• Launched within 24 hours, the Lormhole (L) meme token on Solana has already jumped 75,000% in value, with 8,000 wallets trading so far and a market cap over $6 million.

• The token riffs on Wormhole’s cross-chain capabilities as well as the popular Solana meme coin BONK, turning “take the L” into a crypto trend.

• An airdrop of 40% of the supply is planned for key communities that have “continuously taken L after L.”

• NFT projects like DeGods, Okay Bears, and Claynosaurz have jokingly vied to get in on the L airdrop after issues with the Wormhole drop.

• Solana has become a hub for meme coins like Lormhole due to low fees, with thousands of new tokens launched daily amid pumps.