{"id":387300,"date":"2024-04-26T19:30:04","date_gmt":"2024-04-26T14:00:04","guid":{"rendered":"https:\/\/ambcrypto.com\/?p=387300"},"modified":"2024-04-26T19:43:40","modified_gmt":"2024-04-26T14:13:40","slug":"all-about-solanas-new-maneki-crypto-and-how-it-flipped-wif","status":"publish","type":"post","link":"https:\/\/ambcrypto.com\/all-about-solanas-new-maneki-crypto-and-how-it-flipped-wif\/","title":{"rendered":"All about Solana&#8217;s new MANEKI crypto and how it flipped WIF"},"content":{"rendered":"<ul>\n<li style=\"font-weight: 400;\"><em><span style=\"font-weight: 400;\">The memecoin\u2019s price increased by nearly 14% in the last 24 hours.<\/span><\/em><\/li>\n<li style=\"font-weight: 400;\"><em><span style=\"font-weight: 400;\">Most indicators hinted at a continued price rise.<\/span><\/em><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">As the memecoin battle gains more traction, new cryptos get launched, with MANEKI being the latest addition to the pack. The recently launched memecoin created buzz in the community with a massive price rise since launch. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">In fact, the memecoin became a hot topic of discussion in the crypto space.\u00a0<\/span><\/p>\n<h4><b>MANEKI is gaining traction<\/b><\/h4>\n<p><span style=\"font-weight: 400;\">For starters, MANEKI is a newly launched memecoin on <\/span><a href=\"http:\/\/ambcrypto.com\/category\/solana-news\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Solana [<\/span><\/a><span style=\"font-weight: 400;\">SOL] that is based on the Japanese beckoning cat. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">As per Lookonchain\u2019s <\/span><a href=\"https:\/\/x.com\/lookonchain\/status\/1783422426837287127\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">tweet<\/span><\/a><span style=\"font-weight: 400;\">, the memecoin&#8217;s price has surged by more than 30,000% since its launch, making it one of the most talked-about cryptos in recent days. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">SolanaFloor, a popular X handle that posts updates related to the blockchain, posted a <\/span><a href=\"https:\/\/x.com\/SolanaFloor\/status\/1783719846729142592\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">tweet<\/span><\/a><span style=\"font-weight: 400;\"> mentioning that MANEKI managed to break $240 million in market capitalization within days of its launch, which was commendable. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">The coin\u2019s popularity was yet again proven by the fact that it <\/span><a href=\"https:\/\/x.com\/SolanaFloor\/status\/1783687503477985607\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">flipped<\/span><\/a> <a href=\"http:\/\/ambcrypto.com\/predictions\/dogwifcoin-price-prediction\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">dogwifhat [WIF]<\/span><\/a><span style=\"font-weight: 400;\">, an already famous memecoin native to Solana, in terms of trading volume in the last 24 hours. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">According to <\/span><a href=\"https:\/\/coinmarketcap.com\/currencies\/maneki-coin\/#About\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">CoinMarketCap<\/span><\/a><span style=\"font-weight: 400;\">, MANEKI was up by nearly 14% in the last 24 hours alone. At press time, it was trading at $0.02572. However, its market cap had reduced slightly, as it stood at just over $220 million. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">The reason behind this explosive bull rally could be attributed to multiple listings on large exchanges like Poloniex and Gate.io. Apart from that, MEXC Global, yet another large exchange, also recently <\/span><a href=\"https:\/\/twitter.com\/MEXC_Official\/status\/1783386307915595983\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">announced<\/span><\/a><span style=\"font-weight: 400;\"> that it has listed MANEKI on its platform.\u00a0<\/span><\/p>\n<h4><b>Whales are interested in MANEKI<\/b><\/h4>\n<p><span style=\"font-weight: 400;\">Another possible driving force behind the MANEKI&#8217;s massive growth could be whale interest. Seven wallets, possibly belonging to a single person, spent 3,388 SOL, worth $525K, to buy 3.99 billion MANEKI within 1 minute after the coin went online. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">The number of coins accumulated by these wallets accounted for more than 44% of the memecoin\u2019s total supply. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Additionally, as per Lookonchain\u2019s <\/span><a href=\"https:\/\/twitter.com\/lookonchain\/status\/1783689702287327740\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">data<\/span><\/a><span style=\"font-weight: 400;\">, another whale, which has a track record of correctly betting on other memecoins, spent 10,138 SOL, worth $1.52 million, to buy 76.94 million MANEKI at an average price of $0.0198. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">The same whale had earlier accurately bet on <\/span><a href=\"http:\/\/ambcrypto.com\/predictions\/book-of-meme-price-prediction\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Book of MEME [BOME]<\/span><\/a><span style=\"font-weight: 400;\"> and withdrew 12,721 SOL, worth $2.3 million, from Binance on March 15th to buy BOME.\u00a0<\/span><\/p>\n<hr \/>\n<p style=\"text-align: center;\"><span style=\"font-weight: 400;\">Realistic or not, here&#8217;s <\/span><a href=\"http:\/\/ambcrypto.com\/calculator\/marketcap\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">BOME market cap in BTC&#8217;s terms<\/span><\/a><span style=\"font-weight: 400;\">\u00a0<\/span><\/p>\n<hr \/>\n<p><span style=\"font-weight: 400;\">Since MANEKI\u2019s demand was high, AMBCrypto planned to analyze its 2-hour chart to find out what to expect. As per our analysis, Chaikin Money Flow (CMF) registered a sharp uptick, which was a bullish signal. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Its Relative Strength Index (RSI) was also resting well above the neutral mark. However, if the RSI enters the overbought zone, selling pressure on the meme coin might increase. This can cause a price correction. <\/span><\/p>\n<figure id=\"attachment_387306\" aria-describedby=\"caption-attachment-387306\" style=\"width: 2560px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/04\/MANEKIUSDT_2024-04-26_12-40-03.png\"><img decoding=\"async\" class=\"wp-image-387306 size-full\" src=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/04\/MANEKIUSDT_2024-04-26_12-40-03.png\" alt=\"Market indicators look bullish on MANEKI\" width=\"2560\" height=\"1375\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/04\/MANEKIUSDT_2024-04-26_12-40-03.png 2560w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/04\/MANEKIUSDT_2024-04-26_12-40-03-300x161.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/04\/MANEKIUSDT_2024-04-26_12-40-03-1024x550.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/04\/MANEKIUSDT_2024-04-26_12-40-03-768x413.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/04\/MANEKIUSDT_2024-04-26_12-40-03-1536x825.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/04\/MANEKIUSDT_2024-04-26_12-40-03-2048x1100.png 2048w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/04\/MANEKIUSDT_2024-04-26_12-40-03-1200x645.png 1200w\" sizes=\"(max-width: 2560px) 100vw, 2560px\" \/><\/a><figcaption id=\"caption-attachment-387306\" class=\"wp-caption-text\">Source: TradingView<\/figcaption><\/figure>\n<p><br style=\"font-weight: 400;\" \/><br style=\"font-weight: 400;\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>MANEKI\u2019s demand is rising as Solana whales continue to accumulate more amidst a bull rally\u00a0<\/p>\n","protected":false},"author":75,"featured_media":387309,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"footnotes":""},"categories":[31,5824,66,3,4,6376,20],"tags":[6427],"class_list":["post-387300","post","type-post","status-publish","format-standard","has-post-thumbnail","category-altcoins-news","category-memecoins","category-new-news","category-news","category-social","category-solana-news","category-trading-view","tag-ambcrypto"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.5 (Yoast SEO v28.5) - 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