Solana-based HUND meme coin surges amid ETF hopes and NFT launch

Solana Meme Coin HUND Soars

Solana-based meme coin HUND has experienced a significant surge, rising over 17% and gaining trending status on Google. At the time of writing, HUND remains up 9%, trading at $0.00942 according to CoinMarketCap. The crypto asset has also witnessed a 3.7% increase in daily trading volume, currently hovering around $4.6 million.

Meanwhile, HUND's total market capitalization has jumped by over 10%, reaching $3.7 million. However, the coin remains 72% below its all-time high of $0.03415, which it attained on March 30.

HUND: German Shepherd Meme Coin

HUND is a Solana blockchain-based meme coin inspired by the German Shepherd breed. The project incorporates Hundswap DEX, an exclusive NFT collection, a multi-dApps platform leveraging AI solutions, and a novel metaverse game.

The meme coin has secured listings on major crypto exchanges MEXC and Bitmart. HUND's NFT collection, scheduled for release in Q2 2024, will feature 5,000 NFTs depicting German Shepherd-themed comic art. Investors holding more than 10,000 HUND tokens qualify for the waiting list.

HUND's upcoming metaverse game, set for release in Q3 2024, will integrate AI functionalities and engage players with German Shepherd meme characters. Further developments, including a testnet and partnerships, are expected in Q4.

Project founder MuroCrypto has a strong reputation in the crypto space since 2017. Under his guidance, HUND aims to combine meme culture, digital art, and blockchain technology, offering a blend of entertainment, engagement, and investment potential.

HUND's recent surge follows a filing by major asset manager VanEck with the SEC for the inaugural Solana exchange-traded fund (ETF) in the U.S. This move has likely reinvigorated interest in Solana-based meme coins, with investors anticipating potential price increases once the ETF is approved.

Additionally, HUND has launched a long-term incentive program, where holders receive airdrops of newly launched meme coins. On June 27, the team announced airdrops of PIPI and SENDY meme coins to HUND holders. They have one week from the announcement to claim their tokens.

Despite a broader decline in the meme coin market, which has decreased by 1.8% to $48.3 billion, HUND has demonstrated a notable surge.