SOL - How Meme Coins Are Driving Coinbase Solana and Lido Higher
2024-03-25 14:42:28 ET
After taking a breather last week, the crypto market picked up over the weekend and crypto stocks are reacting positively in early trading Monday. Meme coins, which provide no real value , are once again the hot topic of the day.
Coinbase Global (NASDAQ: COIN) has been one of the biggest winners. It was up 10.9% in early trading and is up 9.7% at 1 p.m. ET. Some of the biggest altcoins were also up big, with Solana (CRYPTO: SOL) up 13.5% from Friday's market close, Lido DAO (CRYPTO: LDO) gaining 13.2%, and Optimism (CRYPTO: OP) up 13.2%.
It's no surprise that when Bitcoin rises the rest of the market follows. In this case, Bitcoin is up 7.3% in the last 24 hours as I'm writing and altcoins have magnified that move.
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How Meme Coins Are Driving Coinbase, Solana, and Lido Higher