Dive into Solana’s Secret Success Formula
In Brief Useless tokens gained significant attention and trading volumes this year. Splash, backed by Hippo, operates on the SUI network, promising easy token creation. Hippo prices surged upon announcement of buyback and burn strategy.
This year has seen significant attention on seemingly useless tokens, which have attracted considerable trading volumes. Platforms like Pumpfun have increased network activity while supporting the prices of main network coins. Among various altcoins , none have yielded benefits quite like Solana $174 and its Pumpfun story. Now, we ask which altcoin is attempting to follow a similar journey and create its own narrative?
Hippo Coin’s Surge
On the SUI network, a new platform named Splash has been launched, akin to Solana’s Pumpfun. Backed by the Hippo Token team, this platform provides access to newly created tokens on the SUI network. Without needing programming knowledge, users can launch their tokens in a manner similar to processes on alternative platforms.
The fee for creating a token on Splash is 1 SUI, with a trading commission of 1% and a bonding curve set at 10,000 SUI. A recent announcement revealed that half of Splash’s revenues would be allocated for the buyback and burning of Hippo tokens.
Following the announcement, Hippo prices saw a double-digit increase. If Splash can generate sufficient volume, we might see both SUI and Hippo Token prices rise further, driven by periodic hype.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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