After the rise of $BONK, another meme coin endorsed by Toly, co-founder of Solana, has emerged in the Solana community. $Silly, which has a market value of over 86 million US dollars just four days after its launch.
($Silly Token: What is it?)
($Silly’s Performance after Launch)
(Why did $Silly Token become popular?)
The meme coin $Silly, which quickly gained popularity in the Solana ecosystem, is not the only one after $Bonk. What is this meme coin that Toly, co-founder of Solana, has been promoting in the community?
$Silly is a meme coin launched on Solana on December 17th. According to the description by Silly Dragon, the official creator of $Silly, it was inspired by a meeting called Solana Breakpoint. At that time, Toly appeared on stage wearing a silly dinosaur costume, attracting the attention of the audience. Looking back now, it seems that Toly had planted a hidden surprise.
($Silly’s Performance after Launch)
$Silly has only been launched for four days since December 17th. At the time of writing, $Silly’s price has reached a peak of over $0.09, with a price of around $0.086. The price has increased by over 186% in the past 24 hours, and the market value has exceeded 86 million US dollars.
(Why did $Silly Token become popular?)
The reasons for the popularity of $Silly can be summarized as follows:
1. Strong endorsement by Toly, co-founder of Solana
The relationship between the token and Toly can be understood from the official statement by Silly Dragon. The launch of the token is closely related to Toly. The timing of $Silly’s launch also indicates the connection. On December 16th, Toly posted a tweet on X Platform stating that Solana needs Silly Dragon memes. The sales volume of Samsung and Apple phones has exceeded 1 billion units, while Solana’s sales volume is only 20,000 units. $Silly was launched the next day. Additionally, Toly frequently uses dragon emojis in recent posts to show his love for Silly Dragon.
2. Increased expectations for $Silly due to receiving $Bonk as a reward for buying Saga phones
Recently, Solana announced that buying Saga phones would receive an airdrop of $Bonk, and the value of the airdropped $Bonk exceeded the price of Saga phones. The community speculates that $Silly might be the next token to be airdropped, encouraging more people to purchase Solana phones, thereby increasing user stickiness and laying the foundation for Solana’s DePIN, forming a closed-loop flywheel.