A new canine-themed cryptocurrency named Dogecoin has made a leap in value on the Solana (CRYPTO: SOL) network, skyrocketing by 9,400% in just a single day.
What Happened: Data from dextools shows that Dogecoin doppelganger’s total market capitalization stands at $160,690, with liquidity reaching $24,600 and a 24-hour trading volume of $5.15 million. At the time of reporting, the trading price was at $0.00015.
It should be noted that DOGE on the SOL blockchain is not affiliated with the original Dogecoin (CRYPTO: DOGE).
Meme coins, which often experience sharp price swings, have gone through tremendous ups and downs during their typically short-lived moments in the ...