Posted 12/28/2023, 6:34:57 PM
Meme Coin Silly Dragon Soars 120% to New Highs, Spotlighting Promise and Perils of Hyped Crypto Assets
- Silly Dragon (SILLY) coin on Solana blockchain surges 119% in past week, fueled by strong community, limited supply concentrating among whales, and Solana ecosystem momentum
- Reaches new all-time high of $0.137 with current market cap of $140 million
- As a meme coin, relies heavily on sentiment and hype, making it volatile
- Recent gains outpaced more established coins like Cardano and Chainlink over the past week
- Highlights potential for explosive growth but unpredictable nature of meme coins