Soulja coin’s value increased by over 100% in the last 24 hours, driven by the near completion of a video game based on the token.
Soulja Coin (SBOY), a celebrity token that operates on the Solana blockchain, has recently attracted a significant amount of investor attention, with its value increasing by more than one hundred percent in the past twenty-four hours.
The impending update for the token’s ecology primarily explains this pumping activity. DeAndre Cortez Way, better known by his stage name Soulja Boy is the American rapper that is associated with this token.
Soulja Coin Gains 119% Amid Video Game Development
As of today, August 14, the rapper Soulja Boy’s official X post indicates that the construction of a video game based on the Soulja Coin token ecosystem is practically complete.
They plan to release a significant update for the game tomorrow. As evidenced by the spectacular price increase that occurred today, this news has infused the coin with a sense of hope over its Web3 initiative.
In addition, the development of the ecosystem and the rapper’s coin have received significant traction, which coincides with the announcement of DeAndre’s SODMG tour.
Intriguingly, the American rapper revealed that he will be embarking on a tour titled SODMG on X, which will take place between September and October of this year. The industry as a whole has been more attentive to the developments within the coin’s ecosystem as a result of this occurrence.
The aforementioned ecosystem growth indicates that Soulja Boy became the first rapper to have his own Web3 video game system. This is an important fact that should be taken into consideration.
According to statistics provided by CoinGecko, the price of Soulja Coin (SBOY) in the past 24 hours has increased by 119.5%, reaching $0.000533. While this is going on, celebrity currencies on Solana have recently become a very popular trend in the cryptocurrency industry.
Celebrity Coin MOTHER Gains Traction
On the other hand, despite the hype surrounding Soulja currency, another celebrity currency has gained significant traction in recent days. Iggy Azalea, an American singer, introduced the MOTHER meme coin on the Solana blockchain in June of this year, 2024.
Over the course of its existence, the MOTHER token has experienced a growth of 126%, and it currently has a market capitalization of $43.20 million. MOTHER’s price had increased by 9.23% over the previous day, reaching $0.04381 at the time of this writing.
Furthermore, it’s crucial to remember that another American musician, Jason Derulo, introduced the JASON token to the blockchain earlier this year. SOL’s price has decreased by 0.89% over the last twenty-four hours, trading at $145.13 today.
