Solana Meme Coin Snowball Surges Over 500% in 24 Hours

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Solana-based Meme coin Snowball has surged over 500% in 24 hours, making it one of the top altcoins to watch in the crypto market. The token hit a peak market cap of $8 million, currently valued at $0.0076 with a market cap of around $7.6 million. Snowball is the first Solana token to use 100% of Pump.fun creator fees for market making. Analysts debate its sustainability, with some pointing to buying pressure and others warning of developer wallet risks. Chainthink notes Meme coins are volatile and sentiment-driven with no real-world use cases.
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