According to CoinGecko statistics, a new meme currency named Dogwifhat (WIF) with a Solana basis has surpassed its Ethereum-based cousin Floki (FLOKI) in market value. With its current valuation of $310 million, the meme coin poses a threat to companies like Pepe (PEPE).
Performance of top meme coins
There have been a variety of performances throughout the last 24 hours. In the lead, Dogecoin (DOGE) had a little increase of 1.7%, followed closely by Shiba Inu (SHIB), which saw a 1.4% increase. Despite a little hourly decline, Bonk (BONK) led with a more considerable advance of 8.1%, maintaining its noteworthy 34.1% climb over the previous week.
CorgiAI (CORGIAI) lagged with a tiny decrease of 0.8%, while Pepe (PEPE) witnessed a minor climb of 0.6%. Dogwifhat (WIF), the top performer, increased by a remarkable 45.4%, feeding the speculative fire that has seen its value soar by 222.0% over the last week.
Floki (FLOKI) had a 1.5% gain over the course of the day, while Memecoin (MEME) saw a 15.7% increase, indicating strong weekly growth. However, Baby Doge Coin (BABYDOGE) had a 0.5% decline.
BONK has faded, but what comes next?
Following the conclusion of the BONK-driven Solana surge, there was a notable decline in the meme coin market, with values falling up to 80% from their high.
However, there is talk that further Solana-based meme currencies might spark interest in the network again despite this decline.
The Solana ecosystem’s growth has not been hindered by the overall fall, despite BONK experiencing a little 8% increase in the past 24 hours, as previously mentioned.
But if investors keep looking for the next big thing, other meme currencies may still spark another surge.
