Meme coin market value reaches $83 billion - Snorter Bot token tracks potential 100x growth projects, successfully raises $2.5 million in funding

Solana (SOL) founder Anatoly Yakovenko recently sparked heated debate in the community by stating that meme coins and NFTs lack intrinsic value. While this may be true—they don't offer the same value proposition as Bitcoin (BTC), Ethereum (ETH), or other top assets—they possess something equally powerful: a massive fanatical following. This supporter base is enough to drive their total market cap to over $84 billion.

Helping traders navigate this space and identify the most promising investment opportunities is Snorter Bot Token (SNORT), a new Telegram-based trading bot. Natively built on Solana, its Solana-first architecture provides features many competitors can't match.

Early supporters can join its development through Snorter's ICO, which has already successfully raised $2.5 million. The current price is $0.0995 per SNORT, with the next presale round launching in the next 24 hours.

https://twitter.com/aeyakovenko/status/1842991530698772805

Solana Founder Anatoly Yakovenko Dismisses Meme Coins

Solana's explosive growth over the past year has largely come from the surge in meme coin trading.

Multiple billion-dollar meme coins have emerged during this frenzy: Bonk (BONK) currently valued at $2.6 billion, Pudgy Penguins (PENGU) around the same size, Dogwifhat (WIF) with an $1.1 billion market cap, and Official Trump (TRUMP) estimated at $2 billion.

The rise of the Pump.fun platform has made launching meme coins incredibly simple. Retail investors have created hundreds of thousands of tokens, many without any programming experience. One of the platform's most valuable tokens ever, Fartcoin (FARTCOIN), is now worth $1.3 billion.

Thanks to meme coins' lively performance, Solana's revenue and trading volume have reached record levels. As of June 2025, meme coins still account for about 62% of Solana's total network revenue. This is precisely why Yakovenko's comments about meme coins "lacking intrinsic value" have drawn community backlash.

Source: https://blog.syndica.io/deep-dive-solana-dapps-revenue-june-2025/

It's true that meme coins don't have functional utility like other top crypto assets, but their value stems from community. Dogecoin (DOGE) is the prime example—originally created as a joke parodying Bitcoin, it still ranks eighth among crypto assets with a $36.2 billion market cap, surpassing even Cardano (ADA) ($30 billion), despite the latter offering more traditional "utility."

This is the essence of meme coins as a unique asset class: their valuation isn't based on technical functionality but on the communities that believe in and sustain their vitality. This community energy is their intrinsic value and the reason these "joke assets" can skyrocket.

However, there's no valuation formula like Benjamin Graham's that applies to meme coins. What's observable is that the real opportunity in meme coin trading lies in getting in early.

Manually doing this can be time-consuming, which is why automated tools like Snorter Bot Token are essential—it's developing a powerful Solana-native solution to monitor and enter meme coins before they surge.

How Does Snorter Spot Explosive Meme Coins?

Snorter's core feature, Quick Snipe, is designed to identify tokens before they pump and buy them before the masses. It monitors mempools and DEX events (like liquidity additions, new pool creations) and sends buy orders within milliseconds of tradable pools appearing on Raydium or Jupiter.

This functionality is absent in many other Telegram trading bots, allowing users to establish positions before most bots or manual traders even see new tokens on price trackers. Snorter's private RPC nodes further enhance this speed, detecting liquidity pool creations and tradable pairs almost instantly.

The Ultimate Advantage of Solana-Native Architecture

Built natively on Solana, Snorter offers sub-second transaction speeds and ultra-low fees, enabling faster trades and preserving more profits by avoiding high slippage and expensive gas fees. This foundational advantage lets Snorter easily outpace Ethereum-centric trading bots.

Built-in MEV Protection

To prevent users from being exploited by sniper bots, Snorter integrates anti-MEV attack systems, effectively preventing front-running and sandwich attacks that inflate buy prices. These attacks are highly damaging—recently, a trader lost $215,500 instantly when swapping 220,764 USDC for USDT on Uniswap v3.

Snorter's team understands these risks deeply, so MEV protection and anti-snipe features are baked into the core architecture, alongside honeypot contract detection that flags malicious contracts designed to lock user funds. These safeguards run silently in the background, letting traders focus on Snorter's ultra-fast, secure trading experience.

SNORT Token: The Meme Coin Powering a New Telegram Trading Bot Ecosystem

Snorter isn't just a tool for discovering promising meme coins—its native SNORT token is itself a meme coin hybrid with real utility. Having raised over $2.5 million in presale, SNORT is building a robust Telegram trading bot ecosystem:

• Fuel for Features: Pay fees, enter trading leagues, unlock algorithm upgrades, enable copy-trading, and tip top traders
• Holder Benefits: 0.85% industry-lowest trading fees for SNORT holders
• Governance Rights: An upcoming DAO will let token holders vote on fee adjustments, multi-chain integrations, and treasury allocations
• Staking Rewards: Current dynamic APY up to 168%, allowing early participants to accumulate positions before the bot's official launch

Over 14 million SNORT tokens have already been staked, demonstrating strong community commitment.

SNORT: Your Passport, Whether Trading or Staking

You can engage with Snorter Bot Token in two ways: as a future user of the trading bot or as an early supporter of its development.

Either way, SNORT tokens are essential. They're currently available for purchase on Snorter's official website, with payments accepted in SOL, ETH, BNB, USDT, USDC, and even credit cards.

For the best experience, Snorter recommends using Best Wallet—the only wallet that displays your SNORT presale balance in-app and offers exclusive access to new token launches via its "Upcoming Tokens" section.

Best Wallet is now available on Google Play and Apple App Store.

Follow Snorter on X (formerly Twitter) and Instagram for updates.

Visit Snorter Token's Official Website