Over the past weeks, interest in Solana-based meme coins has shrunk due to issues of rug pool, which has led to losses for retail investors. A case scenario is the recent launch of the Libra token, which rose from a $4.4B market cap to less than $30M. With Solana coins witnessing low investment activity, smart whales are migrating to Ethereum-based meme coins like Floki, which is witnessing massive growth.

Among the top meme coins witnessing massive accumulation is ChowWow. Although based on Solana, ChowWow is moving away from the traditional pump and dump by launching a meme coin backed by real-world utility. Its play-to-earn model is designed to reward users for in-game achievements, allowing gamer lovers to build wealth in crypto.

Major Reasons Investors are Moving Away from Solana Meme Coins

The Solana ecosystem is witnessing a massive shift, with several investors looking away from Solana-based memecoins. The declining interest can be attributed to lots of cases, such as the recent Libra token saga and the series of rug pools witnessed in Pump.fun, a platform that allows users to create and trade memecoins on the Solana blockchain.

The unveiling of the Pump.fun meme coin launchpad in January 2024 has led to the creation of low-quality speculative meme coins. Reacting to it, crypto analyst Benjamin Cowen highlighted Solana’s underperformance against top cryptos like Bitcoin since the launch.

In a tweet on X, a popular Wall Street trader, Altcoins Gordon, claimed that meme coins are finished as people are migrating to utility-based tokens. The Solana network's decline is also noticed in the market metrics. As per Lookonchain data, Stablecoins on Ethereum increased by $1.1B, while that of Solana declined by $772M in the past week. With accusations of on-chain manipulations on the Solana network, investors are migrating to other chains like Ethereum.

Floki Price Prediction — Is Floki Set for a bullish rally?

According to CoinMarketCap data, Floki's price has surged by over 202% in the past year, ranking among the top meme coins in the market. Although it has dipped by 32% in the past 30 days, the meme coin is showing visible signs of a rebound.

Confirming that, crypto analyst Solberg Invest, in a tweet on X, thinks that Floki crypto price might surge as high as 12X in the coming weeks if the current support holds. In the Floki price prediction, the analyst put a price target of $0.0018.

Despite analysts' positive optimism, Floki's market sentiment has been negative in the past weeks. However, given the rising momentum and growing interest in Ethereum-based meme coins, the Floki token might be heading to a bull market soon. The popular prediction website Coincodex forecasts a rise to $0.00032 in the short term.

Can ChowWow Replicate the Pepe market rally of 2023?

ChowWow’s entrance into the meme coin space has created so much buzz, with many ranking it as one of the meme coins that will lead the 2025 bull season. Although still new in the market, ChowWow is tipped to replicate the Pepe rally of 2023. Among the factors triggering the positive predictions is ChowWow’s play-to-earn model.

By taking advantage of the P2E platform, game lovers will be able to earn a living in crypto by participating in gaming activities, earning rewards and converting them to real-world assets. Also, users can explore the staking program, which allows them to stake their tokens for up to 8% – 15% in APY reward, which is paid monthly.

There are also other avenues to earn CHOW tokens, such as participating in the ongoing ChowWow meme competition with a $1000 USDT price pool. At the ongoing presale, the CHOW token is sold for just $0.008. Over $170,000 has been raised in cryptocurrency ICO funding, showcasing its market-wide acceptance.

As part of its mission to reward the community, there is an ongoing bonus offer for investors who buy $250 CHOW tokens and above. The bonus offer rises based on the amount purchased. The tokenomics shows that 50% is allocated for presale, 10% for staking, 10% for gaming, 5% for community activities on launch, etc. All these are aimed at driving its adoption. Based on the growing interest among investors, CHOW might surpass Pepe's record on launch.

Top Memecoins To Buy for 1000% ROI in Q1

Solana blockchain is witnessing massive investors exit with many flocking towards utility-based coins. While Floki has shown immense strength amidst market volatility, the chances of a 1000% rally are slim, considering its historical price trajectory. However, given that ChowWow is in presale, it could hit 1000% on launch due to the post-launch rally that follows top projects. When it hits popular exchanges like Uniswap, CHOW's price might surge as high as 40x.

Visit ChowWow Presale