Toby on Sol (TOBY), a trending new Solana memecoin, began trading on Raydium and Jupiter just a few hours ago, as it looks set to emulate Shiba Inu (SHIB) and Bonk (BONK).
Toby on Sol (TOBY) is poised to rally 1,100% within the next 24 hours and return to the all-time high it reached earlier today.
The memecoin was launched on 9 April, and it quickly rallied over 700%, generating massive returns for early investors.
However, after some traders took profits, the price of TOBY has dropped to around $0.00063. It now represents a great “buy the dip” opportunity, as this could be the last opportunity to buy this token at such a cheap price.
And, with this latest Solana memecoin set to recover to its all-time high of around $0.0065 within the next 24 hours, investors who buy in now could make a return of over 1,100% within a matter of hours.
Furthermore, even if TOBY returns to its all-time high, its market cap would just be around $700,000, meaning it would still have immense potential for even more growth.
Therefore, many investors are expected to hold their positions for several weeks, and hope to turn thousands of dollars into a fortune.
Toby on Sol (4aLHgSENNHKW95S95EqGvSkKogk3Gw67xStbvjkQtdT7) is currently only available to buy on decentralized exchanges, like Jupiter and Raydium, but it has been reported that the project will announce a number of centralized exchange listings later this week.
This could cause its token’s price to surge, as it will gain new exposure and see massive inflows from CEX traders.
Toby on Sol’s launch comes amid more established memecoins, like Shiba Inu (SHIB) and Bonk (BONK), trading sideways in recent weeks after previously posting meteoric gains.
This is primarily because SHIB and BONK investors have been cashing in their profits and investing the money into new memecoins, like TOBY, as they have huge upside potential – especially for early investors.
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