Today, May 14, 2025, at 14:05 Vietnam time, a Solana trader turned 332 USD into nearly 190,000 USD in less than 24 hours thanks to Gooncoin, as the wave of meme coins on Solana surges back. Is this a golden opportunity or a bubble about to burst? Let's analyze in detail.
Gooncoin: The New 'Star' on Solana
Gooncoin (#GOONC ), a newly launched meme coin on Solana, has skyrocketed 70,000% in 24 hours, reaching a market cap of 54.6 million USD, according to data from DEX Screener. This token was introduced on Monday night through the 'Launch Coin' mechanism of Believe App – a platform that recently rebranded from Clout.me, allowing X users to create Solana tokens by tagging Launch Coin accounts. Believe aims to 'revolutionize fundraising,' helping founders issue tokens and raise funds from the community, now available on iOS.
Just minutes after launch, a trader with a Solana address starting with 'BdjSZ' bought over 8 million GOONC tokens for 1.97 SOL (approximately 332 USD). In less than 24 hours, they gradually sold each batch of tokens, earning between 1,600 to 3,500 USD each time, totaling nearly 190,000 USD in profit. Besides 'BdjSZ,' at least three other wallets that bought under 500 USD of GOONC tokens also achieved real profits of over 50,000 USD, with more than 100,000 USD in unrealized profits.
The Solana Meme Coin Wave: Peak Growth
Gooncoin is not the only phenomenon. Many Solana meme coins that stood out from late 2024 and early 2025, after a cooling-off period, are making a strong comeback: Dogwifhat ($WIF ) up 117%, Peanut the Squirrel ($PNUT ) surging 189%, and Moo Deng (MOODENG) rising 762%. Dogecoin, the highest-valued meme coin, also recorded a 41% increase this week. This boom indicates significant interest from the community, with crypto fund inflows reaching 3.4 billion USD last week, according to market data.
Community Reaction: Humorous and Controversial
Gooncoin, with its humorous meaning related to slang terms (according to Urban Dictionary), has gone viral on X. One user compared: “Fartcoin is for TradFi folks, while Gooncoin is for the Zoomer generation,” while another lamented: “I should have bought Fartcoin and Gooncoin instead of going to college.” Gooncoin also follows the success of NOODLE – a snake game token on Believe App – which reached a market cap of 19 million USD within the first 14 hours of trading.
Impact on the Crypto Market
This event brings many signals:
Increasing meme coin attractiveness: Gooncoin and tokens like WIF, PNUT, and MOODENG show significant profit potential, but also come with high risks.
Boosting Solana: With low transaction fees and high speeds, Solana continues to be a destination for experimental tokens, forecasting to accumulate 330 billion USD in Bitcoin by 2029.
Future Prospects
If Believe App continues to produce viral tokens like Gooncoin and NOODLE in the next 1-2 years, Solana could solidify its position as the meme coin hub, attracting more investors. However, the 70,000% growth of Gooncoin in 24 hours also raises questions about sustainability, as meme coins are often influenced by crowd psychology and can easily plummet if momentum is lost.
Conclusion: Gooncoin – Opportunity or Risk?
Gooncoin turned 332 USD of a Solana trader into 190,000 USD in less than 24 hours, with a market cap of 54.6 million USD, amidst a surge in Solana meme coins like WIF, PNUT, and MOODENG. Despite the attractive profits, the high volatility and speculative nature of meme coins are a warning. Investors should carefully consider and closely monitor to not miss opportunities, but also avoid potential risks.
Risk Warning: Investing in meme coins and crypto carries high risks due to price volatility and speculation. Please consider carefully before participating.
