Solana Tokens Among Top Gainers: JUP and WEN Soar Over 12%, WIF Hits New ATH

The Solana ecosystem owns suffered notable lump, and SOL’s price owns pivoted several preceptors bullish on it. In a equivalent way, the Solana-based symbols are mirroring extraordinary performances during this bull dashed, via several being among the top gainers in opposite timeframes.

Solana Chain Driven By Memecoins?

According to CoinGecko documents, Solana is presently the 5th biggest blockchain by Overall Merit Locked (TVL), enrolling over 12.8% lump in yesteryear day. During this timeframe, Solana owns gone beyond its adversaries, having Ethereum, which owns enlisted a 2.2% go away taking into reflection that the other day.

In the 7-day and 30-day timeframes, Solana owns viewed a TVL lump of 35.3% and 89.8%, respectively. As brandished in the chart below, it gone beyond the performance of the four chains overhead it.

Top 5 blockchains by TVL. Source: CoinGecko.com

Franklin Templeton Digital Assets typical its standpoint on the merit of memecoins and their aboriginal networks. The fiscal titan theorizes that there’s a solid relationship in between memecoins and the performance of their aboriginal chains.

In the last year, crypto fairs have viewed several meme coins parabolically spurt, most specifically, Solana based BONK during Q4 2023. Solana day-to-day vivacious consumer addresses were upward 75% quarter over quarter from Q3 to Q4 2023.

The asset monitoring firm deems that the relationship in between the 2 is better recommended to taking into reflection that “the Solana network caught a pricey percent of the activity of unanimously the vivacious addresses during unmodified time that BONK saw a price spurt” during Q4 2023.

According to CoinMarketCap documents, the sector capitalization of the Solana-based symbols climbed up by 5.5% from the other day to over $222.36 billion. The performance of the memecoins seems to have placed a notch on the network’s belt.

Performance Un-like Pet cats and Pooches

Symbols in the Solana chain have enlisted mammoth performances freshly, and the newest symbols around the block (dogwifhat, Wen, Jupiter) strengthen to shake the crypto sector headway.

Notably, mutt- and cat-themed symbols strengthen to be impressive exposes in the metropolitan. According to CoinGecko Documents, the Solana-based Myro, Bonk, and Popcat are trending symbols in their sub-teams.

Las Vegas Puts Its Hat On

Since the exit of dogwifhat (WIF), the token owns gone from being a “capitivating mutt via a crochet hat on to amassing together a robust metropolitan seemingly able to ago it upward.”

$WIF

SPHERE UNLOCKED

mutt $wif hat, in unanimously $SOL colors, unborn to your stretch LAS VEGAS SPHERE

HAT STAYS ON@dogwifcoin imagine.twitter.com/NR1kln4X4u

— Curb◎ (@CryptoCurb) March 13, 2024

The over $650,000 hoisted for the “wif on bulbous” fundraiser project can offer as indications of the metropolitan’s prove. As a outcome of the project, the Las Vegas Sphere will distinctly sport WIF’s signs and indications and indication for a week on the planet’s biggest LED sport.

Since the news, the token rose to a brand-modern unanimously-time high (ATH) of $3.36 this early morning, denoting a 42.3% boom in the last 24 hours. At designing time, WIF corrections hands at $3.1, merely 4.3% lesser than its ATH.

Enclosure Suited On, Wen Goes To Jupiter

Jupiter (JUP) freshly decreed its cooperation via the cat-themed token WEN. The most existent Jupiter Occupational Team (JWG) will distinctly cooperate via the WEN Occupational Team. According to the announcement, it “will distinctly be fixated on adding stellar vibes and web content to rise crucial Jupiter message.”

Jup 🤝 Wen

Wen owns a spacesuit for a determinant, this capitivating cat is pioneered to Jupiter 🪐 https://t.co/7k7h2AIdvk

— Wen (@wenwencoin) March 13, 2024

The metropolitan seemingly took the cooperation positively. After the news, both symbols boosted. WEN’s price climbed up overhead $0.00040 in the early hours of the day, and it’s presently trading at $0.00038, a 12.5% boom in the last 24 hours.

JUP propelled to a brand-modern ATH of $0.988, almost hitting $1. At designing time, the token is trading at $0.948, denoting a 12.8% price spurt in the 1-day timeframe. In a equivalent way, its day-to-day trading volume climbed up over 58%, via $418.04 million being traded in yesteryear day.

The Crypto Overall Sector Cap is at $2.66 trillion. Source: TOTAL on TradingView.com