Solana-Based Memecoins Surge Over 30% As SOL Recovers

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Memecoins on the Solana ecosystem surged more than 30% in the past 24 hours, leading gains in the crypto market, as the network’s underlying token SOL, recovered from losses from earlier in the week. Cat-themed pop cat (POPCAT) and dogwifhat (WIF) surged as much as 25%, before slightly retreating, while MUMU and cat dog (CATDOG) rose 30%. Major meme coins on other blockchains, such as DOGE and PEPE, lost as much as 5%, showing a preference for Solana-based tokens. There is optimism around the ecosystem ahead of a widely expected SOL ETF by the community.