- Solana token WIF overtook Pepe to turn out to be the third most respected meme coin.
- WIF rose greater than 20% up to now 24 hours, outperforming PEPE.
- WIF nonetheless lags far behind Shiba Inu, with a $15 billion hole between the 2.
In a shocking flip of occasions, Dogwifhat (WIF), the quickest rising Solana-based meme coin, has ranked because the third most respected meme, forward of the extra distinguished meme token, PEPE. .
WIF's market capitalization presently stands at $3.7 billion, in accordance with knowledge from Market Monitoring Assets. This places it in third place, main PEPE by about $500 million.
With an explosive rise of over 20% up to now 24 hours, Solana Meme Coin outperformed PEPE. The 2x share leap contrasts with the trajectory noticed for extra distinguished meme cash, which recorded returns of lower than 10%.
Notably, PEPE has solely seen a rise of three% over the previous day, whereas WIF has registered over 20%. Moreover, WIF's 7-day cumulative efficiency is up 55%, in comparison with PEPE's -2%. Moreover, WIF's 30-day 360% development trajectory is greater than double the 147% development observable in PEPE.
After outperforming PEPE, WIF now sits simply behind the defending champions of the meme coin world, Dogecoin and Shiba Inu. Nevertheless, the Shiba Inu leads the WIF by a staggering $15 billion. This implies that, assuming SHIB stays caught on the $18 billion cap, Solana meme coin would want to develop by no less than 500% to method the highest of Shiba Inu, which is unlikely. Unlikely.
Specifically, WIF is without doubt one of the most excellent meme cash of this cycle. Solana Meme has risen 2,035% to $3.7 since buying and selling at $0.1742 final December, in accordance with knowledge from CoinMarketCap.
All through the identical interval, Dogecoin, Shiba Inu, and PEPE recorded incomparable features between 130% and 500%. Different Solana meme cash that dominate the meme coin world embrace BONK and E-book of Meme (BOME).
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