The success of AIDOGE on the Arbitrum network has led to a new “meme season” on the Ethereum Layer 2 blockchain, with multiple new coins emerging to leverage the newfound liquidity. One of these is PufDAO (PUF), which launched two days ago and has seen a reasonable level of success, with a market cap of around $1.2 million at its peak. Another upcoming meme coin is AISHIBA (SHIBAI), which is being airdropped to holders of its OG NFT collection. The NFT collection has grown rapidly, with a floor price of 0.02 ETH and over 220 ETH traded since launch. The project’s Whitepaper details how the airdrop will be carried out, with 50% of supply going to NFT holders and ARB airdrop claimants. AIDOGE has also had a significant impact on the Arbitrum network, with multiple centralized exchanges listing the coin, unprecedented trading volume reaching $19 million in the last 24 hours, and a rapidly growing community of over 31,000 Twitter followers. The future of meme coins on Arbitrum is uncertain, with the possibility of becoming a force to reckon with or fading into obscurity.
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