APES (APES) is grabbing attention on the Solana blockchain, with its price shooting up over 200% in the past week.

This price explosion has retail investors sitting up and taking notice.

Meanwhile, a new contender called Base Dawgz (DAWGZ) is set to launch next week – and early backers believe it could follow in APES’ footsteps.

APES Surges Over 260% After Launching On the Solana Chain

APES is making a big splash on Solana.

Launched on August 19th, the token is up over 260% since its initial price.

APES was up by an enormous 680% at its peak yesterday before pulling back in the last few hours.

Over $10 million worth of spot volume has taken place in the past 24 hours.

And the token now boasts a market cap of almost $18 million.

Not bad for a meme coin that’s only 11 days old.

As its name implies, APES is a monkey-themed token that leans heavily into its “degen” vibe.

Apart from the APES Mini App, which allows players to earn tokens by completing simple tasks, it has no real utility or roadmap.

But that hasn’t stopped investors from piling in.

Interestingly, the official website also notes plans for a staking app that’s coming soon.

So, while APES might be thriving now, the future could be even more exciting.

Solana Meme Coins Struggle as Bitcoin Dips Below $60K

However, the rest of the Solana meme coin scene isn’t faring so well.

WIF and BONK, usually the stars of the show, are down around 5% this week, and BOME has dropped by 14%.

Even POPCAT is barely making gains.

Overall, things are looking bearish for Solana-based tokens.

The sector’s market cap has dipped to $6 billion, and 24-hour trading volumes have gone down to $1.1 billion.

But this isn’t just a Solana issue.

The entire crypto market looks shaky, with Bitcoin dropping below $60,000, causing investors to be anxious.

The