Solana tokens like HOTMOM, DOOD, and IKUN are gaining serious traction as some of the most active and talked-about new launches on the network. HOTMOM is leading the meme coin charge with a $54 million market cap and strong backing from public figures.
DOOD, the official token of the Doodles NFT collection, has quickly attracted nearly 160,000 holders, riding the wave of NFT projects launching native tokens. Meanwhile, IKUN is drawing massive transaction volume and continued whale accumulation, signaling strong momentum despite shifts in smart money behavior.
Hot Mom (HOTMOM)
HOTMOM has quickly become one of the most talked-about Pump tokens, gaining major traction just three days after launch.
With over 6,500 holders and a market cap of $54 million, it’s showing signs of strong early adoption in the meme coin space. If good momentum continues, HOTMOM could rise to test the $100 million market cap.
The token has surged more than 37% in the last 24 hours, backed by impressive activity—logging over 52,000 daily transactions and $8.7 million in trading volume.
According to Nansen, HOTMOM is held by some well-known figures like threadguy, Crypto Ninja, and gake—a Solana smart trader with an on-chain net worth of $1.73 million.
The token has attracted nearly 160,000 holders in just three days and reached a market cap of approximately $53 million, showing strong initial demand across the crypto and NFT communities.
The launch follows a growing trend of major NFT projects rolling out their tokens, similar to what Pudgy Penguins did with PENGU a few months ago and Bored Ape did with APE a few years ago.
Between May 9 and May 12, whale holdings of DOOD jumped dramatically from 69,202 to 250 million, signaling significant early accumulation.
In the last 24 hours, the token recorded 5,509 transactions and $734,000 in trading volume.
Ikun (IKUN)
IKUN has emerged as one of the more active tokens on Solana, with nearly 6,000 holders and a market cap exceeding $12 million.
In the last 24 hours alone, it saw an impressive 112,265 transactions and $37 million in trading volume.
Smart money holdings in IKUN have dipped slightly in recent hours. Public wallets still hold around $320,000 worth of the token. Meanwhile, whales continue to accumulate.
According to Nansen, Unipcs is the largest whale, holding 12.45 million IKUN worth roughly $150,000. Despite shifting dynamics among retail and smart wallets, this ongoing whale activity shows confidence in IKUN’s short-term potential.
Welcome to the US Morning Crypto News Briefing—your essential rundown of the most important developments in crypto for the day ahead.
Grab a coffee to see what analysts say about Bitcoin amid the showdown between BTC behemoth Strategy (formerly MicroStrategy) and Jack Mallers’ investment firm, 21 Capital. With their Bitcoin models coming into question, is there a specific definition of what winning means in Bitcoin?
Strategy Grows Bitcoin Stockpile, Buys $1.42 Billion in BTC
Strategy announced that it recently purchased another 15,355 BTC worth approximately $1.42 billion at an average price of $92,737 last week.
The firm currently holds 553,555 BTC, valued at approximately $52.7 billion. The average buying price is $68,459, and the unrealized profit is $14.8 billion.
“By continuing to grow its Bitcoin holdings, the company maintains its status as a major force in the cryptocurrency market, drawing interest from investors and industry analysts. Strategy is the largest Bitcoin Treasury Company, an independent, publicly traded business intelligence company, and a Nasdaq 100 stock,” Phoenix reported.
A recent US Crypto News publication highlighted the advent of 21 Capital. The Bitcoin investment firm sprouted after Cantor Fitzgerald, SoftBank, Tether, and Bitfinex pooled $3 billion in capital.
Based on sentiment, this new venture could inadvertently challenge Strategy’s position at the helm of corporate Bitcoin ownership in a model sense. According to 21 Capital, Strategy size could make increasing its Bitcoin per share difficult, a metric investors tend to consider.
Amid chatter that 21 Capital could threaten the Michael Saylor-led firm, BitStrategy, a shareholder at Strategy, challenged the prospective market rival’s business model.
Tension Grows in Bitcoin Treasury Space
In a detailed post on X (Twitter), BitStrategy acknowledged the brewing tension in the Bitcoin treasury arena. However, it holds that Strategy is way ahead of the competition.
“Their company is in direct competition with ours, and they seek to exploit a perceived vulnerability in our structure, openly highlighting their strengths relative to ours to win investment,” BitStrategy challenged in a recent post.
Beyond BTC Yield, also reported in a recent US Crypto News publication, the firm initiated key performance indicators months ago- BTC Gain and BTC $ Gain.
Bitcoin Gain multiplies the BTC Yield by Strategy’s aggregate balance, reflecting the scale of the firm’s operations.
Bitcoin $ Gain takes this further, converting the BTC Gain into dollar terms, for added transparency.
This proactivity by Strategy suggests a commitment to defend its position as a leading Bitcoin-holding corporation amidst rising rivals.
“You can fake an impressive BTC Yield. You cannot fake an impressive BTC Gain,” BitStrategy chimed.
However, analyst KenjiKoshu argues that while Strategy may show substantial Bitcoin gains, smaller companies like 21 Capital could achieve higher Bitcoin per share.
“As someone who has done deep thinking about why MSTR is undervalued, it might be true BTC gain can still be substantial if not higher for MSTR. On a per-share basis, however, which would be what supports the stock; it will be hard to deny a smaller, similarly reputable company is going to make more Bitcoin per share when on the same strategy,” the analyst wrote.
This outlook aligns with sentiment from 21 Capital that Strategy’s large size impedes increasing its Bitcoin per share.
However, BitStrategy articulated that the point of BTC Gain and BTC $ Gain signals the importance of a whole-of-company view of performance relative to a per-share view.
Per the shareholder, there is no agreed-upon conventional valuation methodology for Bitcoin companies. This means any metric is somewhat arbitrary.
Investors increasingly turn to digital assets as a safe haven, with Bitcoin becoming a hedge against the US dollar’s volatility as crypto inflows surge to $3.4 billion.
Bitcoin surged back above $105,000 following a dramatic announcement by President Donald Trump confirming a complete ceasefire between Israel and Iran.
Trump declared the 12-day war “officially ended” following a 24-hour dual-stage ceasefire to be initiated first by Iran, then by Israel.
The Market Impact of Iran-Israel Ceasefire
Crypto markets reacted swiftly. Over the weekend, Bitcoin dipped below $100,000 hours earlier amid news of a potential Strait of Hormuz shutdown. Today, BTC rebounded by over 5% on the announcement.
Ethereum also rallied, climbing back above $2,400, while risk sentiment improved across broader digital asset markets.
Crypto Market Rallies After Ceasefire Announcement. Source: BeInCrypto
The ceasefire removed immediate fears of further military escalation and global oil disruption. Also, the de-escalation was widely anticipated, as oil prices began to drop earlier despite Iran targeting US bases in Qatar.
Earlier in the day, Iran’s parliament approved a proposal to shut the Strait of Hormuz, which handles 25% of global oil shipments.
Had that closure gone into effect, it would have sharply driven up oil prices, potentially reigniting inflation and delaying central bank rate cuts.
Instead, the ceasefire has reduced energy market pressure and restored some degree of geopolitical stability, prompting capital to flow back into risk assets.
Trump Ceasefire Announcement in Iran-Israel War. Source: Truth Social
Markets will closely watch whether both sides adhere to the 24-hour ceasefire protocol and if the Strait of Hormuz remains open.
If the truce holds, macroeconomic stability may return quickly, boosting both equities and crypto. However, any breaches or renewed tension could send Bitcoin back into risk-off territory.
