CandleFocus Solana meme coin takes off with SOL 15% TVL jumps
2024-09-25
Author: Content Editor
Solana-based meme coins, such as BONK, Dogwifhat (WIF), and Popcat, have experienced significant gains in value, outperforming Ethereum. Solana's total value locked (TVL) has increased by 15% in the last 7 days, while Ethereum saw gains of 12%. Solana's native token SOL has seen a recovery rally, gaining 15% in a week. Traders are showing interest in the Solana ecosystem, as indicated by a spike in Open Interest (OI). Popcat, a cat-themed meme coin, has surged by 12,800% this year and has recently entered the billion-dollar club. Dogwifhat has also seen impressive gains, reclaiming a $2 billion market cap. The total market cap of Solana-based meme coins is around $8 billion. In contrast, Ethereum's meme coins, such as Pepe and Floke, have seen smaller gains.
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