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Dogwifhat ($WIF), the biggest Solana-based meme coin, is a leader of the ongoing crypto upsurge. The $WIF price soared by over 27%, while the closest competitor EGLD only added 17%. At the same time, smaller Solana meme coins also demonstrate amazing gains.
Dogwifhat ($WIF) undisputed: Meme crypto blasts past $2 billion cap
As the crypto segment recovers after yesterday's dramatic drop, meme coins yet again lead the process. Dogwifhat's ($WIF) price jumped above the crucial level of $2 and is extremely close to surpassing Arbitrum ($ARB) by market cap after a 27% run, as per CoinGecko.
$WIF crypto price jumps by 27%">As of printing time, the aggregated $WIF market cap hit $2.018 billion, while for Arbitrum ($ARB), which is also surging today, this metric sits at $2.039 billion.
Other major meme coins demonstrate the same performance. Shiba Inu (SHIB) is up by 14% and is back to the top 15 cryptocurrencies by market cap.
Bonk (BONK) and Based Brett (BRETT) also made it to the top 10 fastest growing cryptocurrencies with 13% and 11% respective upsurges.
The aggregated crypto market cap is up by 6% today, while Bitcoin (BTC), Ethereum (ETH) both added about 3% to their capitalization metrics.
$POPCAT, BILLY enormous rallies push Solana (SOL) meme coin segment higher
The ongoing price recovery is merciless to those trying to short the crypto market. Out of $184 million liquidations in the last 24 hours, over 75% are short positions, CoinGlass data says.
When it comes to segments, Solana meme coins are the best performers in the last day. Besides the aforementioned $WIF rally, this success should be attributed to the marvelous dynamics of low-cap coins.
For instance, Popcat ($POPCAT) jumped by 27% and replaced Cat in Dogs World (MEW) as the largest Solana cat coin.
Lesser-known meme coin Billy (BILLY), with an X account literally including three posts, is on the verge of entering the top 250 cryptos by market cap after a spectacular 70% move.
In total, the Solana meme coin segment added 11% overnight, data says.