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- Solana token WIF has overtaken Pepe because the third most useful meme coin.
- WIF outranked PEPE following a rally exceeding 20% inside the final 24 hours.
- WIF remains to be considerably behind Shiba Inu, with a $15 billion hole between them.
In a exceptional flip of occasions, the fastest-growing Solana-based memecoin, Dogwifhat (WIF), has knocked out the extra distinguished meme token, PEPE, to rank because the third most useful meme.
In response to information from market monitoring assets, WIF now instructions a market cap of $3.7 billion. This places it in third place, main PEPE by some $500 million.
The Solana meme coin outranked PEPE following an explosive rally exceeding 20% inside the final 24 hours. The double share surge contrasts the trajectory noticed for extra distinguished meme cash, which recorded good points beneath 10%.
Specifically, PEPE witnessed barely a 3% acquire over the previous day, whereas WIF recorded over 20%. Furthermore, WIF has a cumulative seven-day efficiency of 55% development, contrasting PEPE’s destructive 2% acquire. In addition to, WIF’s 30-day trajectory of 360% acquire is greater than double the 147% acquire observable with PEPE.
After outranking PEPE, WIF now sits proper behind the defending champions of the meme coin panorama, Dogecoin and Shiba Inu. Nonetheless, Shiba Inu leads WIF with a staggering $15 billion hole. This means that the Solana meme coin should develop by at the least 500% to come back near outranking Shiba Inu, assuming that SHIB stays stagnant at its $18 billion cap, which is inconceivable.
Notably, WIF has been one in every of this cycle’s most excellent meme cash. CoinMarketCap information indicated that the Solana meme is up by 2035% to $3.7 since final December when it traded at $0.1742.
By means of the identical interval, Dogecoin, Shiba Inu, and PEPE have witnessed much less comparable good points of between 130% and 500%. Different Solana meme cash dominating the meme coin panorama embody BONK and Guide of Meme (BOME).
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