Following the recent Solana memecoin frenzy, another ecosystem has started to make moves to dominate the memecoin market.
The management team of Toncoin (TON) has posted a job listing for a “Head of Memecoin Ecosystem” to pave the way for entering the world of memecoins.
The Toncoin management team has provided the following details:
TON, backed by the Telegram app, is yet to be listed on major cryptocurrency exchanges like Binance or Coinbase. After hearing about Telegram’s IPO plans, the price of TON has increased. The price of this altcoin has risen by about 70% in the past month.
Even in a phase where Bitcoin reached its all-time high price and then dropped below $70,000, some memecoin projects on Solana continue to rise in value.
BOME, launched three days ago, has surpassed a market value of $1 billion and is listed on Binance, Bybit.