Solana-Based Memecoins Spike — Dogwifhat, Bonk Outshine Dogecoin, Shiba Inu In 24-Hour Gains
Portfolio Pulse from Aniket Verma
Solana-based memecoins, including Dogwifhat and Bonk, saw significant gains, outperforming Ethereum-based Dogecoin and Shiba Inu, following the Federal Reserve's rate cut. Solana's native token SOL also rose by 3.60%.
September 20, 2024 | 4:50 am
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Solana's native token SOL increased by 3.60% as Solana-based memecoins outperformed Ethereum-based counterparts following the Fed's rate cut.
The rise in Solana-based memecoins like Dogwifhat and Bonk, which outperformed Ethereum-based Dogecoin and Shiba Inu, positively impacted Solana's native token SOL. The broader crypto market's positive reaction to the Fed's rate cut also contributed to SOL's price increase.
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