Bitget Onchain continues to build its presence in the $SOL memecoin trading space, and $SHOGGOTH is one of the more notable recent moves. After Elon Musk tweeted about a Green Octopus, the token surged 100%, briefly hitting a $14M market cap.

It’s now consolidating around $0.0098 with a $10.2M valuation. While some traders speculate on a potential second leg up with another Musk mention, the broader memecoin market, including activity on platforms like #Binance , suggests timing and sentiment remain key. As always in this space, trends shift quickly.