Solana Up 12% and Dogwifhat Surges as Bitcoin Dips Under $44K

Solana (SOL) continues to soar in value—even while other major coins and tokens lie flat or dip slightly.

SOL is now up 12% in 24 hours and is trading above $89, according to CoinGecko. Yesterday, the asset flipped XRP to become the fifth biggest cryptocurrency by market cap. And in the past week, SOL has risen by almost 25%.

The renewed investor interest in SOL and its ecosystem—praised and used by developers and major companies like Visa and Shopify—has led to tokens that run on its blockchain blowing up in value. Meme coins that run on Solana’s blockchain in particular are doing well.

Dog-themed Dogwifhat (WIF), launched just last month, is up over 39% in the past day. In the past week, it has surged by 892%. It is now priced just below $0.23.

But Bonk (BONK), which has shot up spectacularly this month and last, has cooled: it’s down almost 6% in the past day to a current price of $0.00001885.

The rest of the major coins and tokens are largely stagnant today. Bitcoin (BTC), the biggest cryptocurrency, has barely moved over the past 24 hours and is trading for $43,810. It popped above $44,000 on Wednesday and did so again early Thursday, but has dipped slightly since. Over the course of the last day, it’s mostly trading sideways.

And Ethereum (ETH) has dropped by nearly 1% in value; it’s now priced at $2,225 per coin.

Elsewhere, Near Protocol’s native asset NEAR is one of the best performers among the top 100 cryptocurrencies and has shot up almost 17% in the past day. NEAR is now trading hands for $3.41.

Edited by Andrew Hayward