LUNA Gains Over 300% in a Day: The Next AI Meme Coin?

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Key Takeaways

  • Luna in Virtuals surged from $0.05 to $0.22 in a single day, marking a 340% increase.
  • Luna in Virtuals has surpassed Goatseus Maximus in trading volume on decentralized exchanges.
  • Over 73% of the token's volume is traded on Raydium.

The new meme coin on Solana, Luna in Virtuals (LUNA), has skyrocketed by 340% within a day.

According to CoinGecko, LUNA’s price jumped from $0.05 to $0.22 in the past 24 hours, although it has since fallen to $0.16 at the time of writing.

LUNA price history for October 26
LUNA price history for October 26 | Source: CoinGecko

Is LUNA Following GOAT’s Path to Success?

LUNA, another artificial intelligence (AI)-based meme coin on Solana (SOL), began trading on decentralized exchanges (DEXs) on October 21. Already, the crypto community has drawn comparisons to the success of Goatseus Maximus (GOAT), an early AI meme coin on Solana.

Previously, we reported on GOAT’s significant price rally. On October 23, the Bybit exchange added futures trading for the token, resulting in a 76% increase within a day.

According to GeckoTerminal, Luna in Virtuals has reached the top five on DEX trading volumes, currently ranking fourth with $38.63 million.

Notably, GOAT ranks just behind LUNA, in fifth place, with a trading volume of $32.52 million. This means LUNA has narrowly overtaken its rival.

The top spot in trading volume is held by Moo Deng (MOODENG), with $64.44 million. Previously, we reported that MOODENG’s price surged following its listing on Binance with up to 75x leverage.

Top tokens by DEX trading volume
Top tokens by DEX trading volume | Source: GeckoTerminal

LUNA’s Exclusively DEX-Based Trading

LUNA is exclusively available for trading on decentralized exchanges, primarily in pairs with SOL.

According to CoinGecko, Raydium leads in trading volume for LUNA, accounting for 73.57%.

Uniswap V3 (Base) ranks second with 9.9%, where LUNA is paired with Virtuals Protocol (VIRTUAL).

Another Uniswap V3 (Base) pairing, this time with Wrapped Ethereum (WETH), follows closely in third place.

List of crypto exchanges for LUNA trading
List of crypto exchanges for LUNA trading | Source: CoinGecko

If you’re interested in meme coins, another popular coin is currently making waves on X.

Pepe Unchained is a layer-2 token offering lightning-fast transactions. It claims to be 100x faster than Ethereum, along with reduced gas fees. With a highly successful presale raising nearly $11 million, staking $PEPU allows you to get interesting crypto opportunities.

Visit the Pepe Unchained coin page to find more