- COBRA leads new meme wave on Solana, while ICE shows stability on BSC after one year
- Meme coins Shadow and BEAR maintain steady liquidity across different blockchain networks
- YZY joins the meme token race with strong initial momentum on Solana via Pump.Fun
The decentralized exchange has seen the entry of many new meme coins across various blockchain networks. From Solana to BNB Chain and PulseChain, these tokens show diverse approaches to community engagement and utility. Here’s an analysis of five notable tokens currently in the DEX ecosystem.
King Cobra (COBRA/SOL)
Launched on February 13, 2025, King Cobra capitalizes on the Chinese Year of the Snake theme. Trading at $0.007553, the token has amassed a market capitalization of $7.5 million with an equivalent fully diluted valuation (FDV).
Despite recent market pressure showing a 32.31% decline over 24 hours, the token maintains $328,000 in liquidity on Raydium via Pump.Fun. Recent performance indicates growing volatility, with steeper declines of 28.73% over six hours.
Ice Open Network (ICE/WBNB)
As a more established project, ICE was launched in January 2024. A Layer-1 solution, it focused on privacy and scalability. As of press time, it trades at $0.004173 and holds a market capitalization of $30.6 million with an FDV of $88.2 million. The token trades on PancakeSwap V3 with $303,000 in liquidity, showing moderate stability with a 5.36% decline over 24 hours.
Shadow (SHADOW/USDC)
Launched in early January 2025, Shadow is a concentrated liquidity protocol on the Sonic network. Trading at $159.67, it maintains a market cap of $36.8 million and shows an FDV of $512.8 million. Despite short-term price pressure, the token has gained 22.14% in the last 24 hours, with $417,000 in available liquidity on Shadow Exchange.
Teddy Bear (BEAR/WPLS)
A veteran in the PulseChain ecosystem since August 2023, BEAR trades at $0.073625 with a matched market cap and FDV of $36.1 million. The token shows active trading with 3,470 transactions in recent activity. Current liquidity stands at $443,000 on PulseX V2, with modest price movement showing a 2.44% decline over 24 hours.
Related: Market Focus Shifts from Meme Coins to Layer 1 Assets
Yeezy Coin (YZY/SOL)
The newest entrant, YZY brings celebrity association to Solana’s meme ecosystem. Trading at $0.006899, the token carries a $6.9 million market cap and equivalent FDV. Early trading shows growth with 13.38% gains over 24 hours and more dramatic short-term moves, including 28.84% growth in the past hour. Liquidity sits at $554,000 on Raydium via Pump.Fun.
This diverse selection of tokens shows the various meme coins in the industry, from pure community tokens to projects that have utility elements. Trading volumes and liquidity metrics suggest varying levels of market maturity and participant engagement across different blockchain ecosystems.
