Solana-Based Bonk, Dogwifhat Outshine Dogecoin And Shiba Inu Amid Broader Market Retrace — What You Should Know
Portfolio Pulse from Aniket Verma
Solana-based meme coins Bonk and Dogwifhat outperformed the market amid a broader market retrace, with Bonk surging over 8% and Dogwifhat up 4.6%. In contrast, Dogecoin and Shiba Inu saw declines. The strong performance of Solana-based coins occurred despite geopolitical tensions affecting the market.
October 01, 2024 | 3:48 am
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NEUTRAL IMPACT
Solana's native coin, SOL, saw a slight decline of 1.35% amid geopolitical tensions, but Solana-based meme coins like Bonk and Dogwifhat outperformed the market.
Despite the overall market decline, Solana-based meme coins showed strong performance, indicating potential resilience or investor interest in Solana's ecosystem. However, SOL itself declined slightly, reflecting broader market trends.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80