cryptobriefing.com
Popcat ($POPCAT), a popular meme coin on Solana, just set a new record high at $1.75 on Tuesday morning. CoinGecko data shows that the token has jumped 11% in the last 24 hours, leading the vibrant rally of Solana-based meme coins.
$POPCAT’s market capitalization has now exceeded $1.6 billion, surpassing Bonk ($BONK) to become the second-largest Solana meme coin. $BONK has rallied 4% over the past 24 hours but the token’s value is still down 7% on the monthly chart.
Meanwhile, Dogwifhat (WIF) has also experienced an 8% price increase, maintaining its position as the largest Solana meme token by market cap.
The overall market cap of Solana meme coins now stands at over $12 billion, registering a nearly 7% increase within a day. This trend reflects the growing appeal of niche tokens in the crypto market.
Other Solana-native meme coins like MEW, BOME, MOODENG, MYRO, and SLERF have also reported gains during this period.
Apart from the Solana meme coins, established tokens like Dogecoin ($DOGE), Shiba Inu ($SHIB), and Pepe ($PEPE) have also seen major upticks in the past 24 hours. $SHIB has risen by 8%, while $PEPE has increased by 7%.
$DOGE has become one of the day’s top-performing meme coins. The token’s value has soared approximately 13%, reaching $0.16, driven by a recent push from Elon Musk.
Musk’s involvement has intensified as he positions himself for a potential role in the Donald Trump administration, teasing the creation of a “Department of Government Efficiency,” cleverly abbreviated $DOGE.
If Trump wins the election, traders anticipate that $DOGE’s price could climb even higher. Plus, the likelihood of Musk securing a position in Trump’s cabinet has doubled in the last two weeks, further fueling speculation around $DOGE’s future.