Dogwifhat, Wormhole, and Solana saw substantial trading volumes despite daily price declines, signaling sustained market engagement and liquidity.
Wormhole’s ample locked supply and rising volume highlight its potential as one of the next big crypto plays in 2025.
Solana’s high liquidity and uncapped supply keep it a major contender for growth in volatile market conditions.
Three notable altcoins exhibited significant price movements over the past 24 hours, sparking discussions about their potential as the next big crypto plays. Dogwifhat, Wormhole, and Solana all posted daily losses, yet their trading activity remained strong. With volatility and liquidity in focus, each asset’s market structure offers unique potential for significant gains in 2025.
Dogwifhat Faces Sharp Pullback but Retains High Liquidity
Dogwifhat closed at $0.9181, marking an 11.55% daily decline. Its market capitalization also decreased to 917.07 million, falling in price. However, trading volume grew 11.4 percent to 548.39 million, reflecting the strong trading activity.
The intraday chart showed early stability before a modest morning rise. Momentum reversed at midday, triggering a strong downward move in the afternoon. The steepest drop came before 4 PM, when the market cap fell from above $1 billion to under $975 million.
Dogwifhat’s total and maximum supply is 998.84 million tokens, all already in circulation. This fixed supply means the price depends entirely on demand changes. Its high 60.15% volume-to-market cap ratio reflects both liquidity and the short-term volatility influencing trading patterns.
Wormhole Declines but Shows Rising Market Activity
Wormhole traded at $0.08086 after falling 9.78% in 24 hours. Market capitalization fell to $381.19 million, matching the price decline. Notably, trading volume rose by 34.38% to $61.96 million, pointing to increased activity during the price drop.
The market chart recorded stability early in the day before a moderate morning rise. Gains peaked before midday, followed by a persistent decline. The most severe drop happened in the afternoon, with market cap slipping from over $410 million to below $390 million.
Wormhole has a total and maximum supply of 10 billion W, with 4.71 billion in circulation. Over half the supply remains locked, which could affect future pricing if released. Its 16.28% volume-to-market cap ratio shows moderate liquidity for its size, allowing steady trading flow.
Solana Sees Modest Drop with Strong Trading Levels
Solana closed at $192.75, reflecting a 3.68% decrease. Market capitalization stood at $104.02 billion, falling in parallel with the price. The volume of trading increased by 11.42 percent to 14.2 billion, further emphasizing the market interest.
The performance towards the end of the day was also steady, but in the morning, there was an impressive increase, taking the market cap to over $112 billion. Gains faded before midday, leading to a gradual decline. A sharper drop in the afternoon pushed the market cap below $106 billion, followed by sustained selling pressure.
Solana’s total supply is 607.33 million SOL, with 539.66 million circulating. The uncapped maximum supply allows for future issuance that could influence market valuation. A 14.03% volume-to-market cap ratio confirms strong liquidity supporting active participation in trading.
