New Crypto Memecoin SOL Street Bets Is Trading Vigorously

Investors can get in on the ground floor with a new cryptocurrency token SOL Street Bets (SOLBET), which started off with a $26.1 million trade volume.

This is a Solana-based cryptocurrency memecoin project, similar to dogwifhat (WIF) and Bonk (BONK), both of which have made headlines with their massive gains this year SOL Street Bets is a memecoin as well, designed to appeal to investors looking for the next big thing in cryptocurrency.

SOLBET is derived from Wall Street Bets, which is a popular stock trading community that discusses crazy investing scenarios and attempts to push the market in one direction or another. This is the same community that is often responsible for the rapid rise of certain memecoins and that drives smaller stocks unexpectedly. When the cryptocurrency market or the stock market cannot account for how strangely a stock or token is moving, they may have the Wall Street Bets community to thank for that.

The community specializes in rocking the boat, and SOL Streets Bets is a new take on that specifically for the crypto community.

Is SOLBET a Good Bet?

Coins of this nature that are functioning as memecoins rarely have much staying power. There are exceptions like Dogecoin (DOGE) and Shiba Inu (SHIB), but there are hundreds of other memecoins that have hardly made a dent in the market.

Many of them flare up and then quickly burn out, hardly to be heard from again. We will have to wait and see if SOL Street Bets does something similar or not. It is far too early to tell, as the coin has just launched. So far, there is a lot of hype surrounding the coin, and it has stolen a few headlines for itself, but it may disappear just as quickly as it has appeared.

SOLBET’s price is currently at $0.001859 (SOLBET/USD), which is down 33% from its opening price.