Although Dogecoin (DOGE) is showing signs of a slight recovery, meme coins on Solana have exploded with incredible gains, far outpacing the original meme coin of the market.
Dogecoin Recovers Slightly, But Still Weak Compared to Solana Meme Coins
#DOGE has increased by about 4% in the past 24 hours, currently trading at 0.337 USD, according to data from CoinGecko. However, over the past week, DOGE has still decreased by 5%, and even dipped below 0.31 USD earlier in the week.
The last time Dogecoin peaked was on January 17, 2025, when the price surpassed 0.43 USD, but shortly after, it dropped sharply when Donald Trump launched his own meme coin on Solana.
Fartcoin (FARTCOIN) And SPX6900 Create a Storm With Huge Gains
While DOGE only saw a slight increase, meme coins on Solana surged:
🔹 Fartcoin (FARTCOIN) has increased by 38% in the past 24 hours, reaching 1.27 USD. Previously, this coin was sold off due to Andy Ayrey, the creator of the AI bot Truth Terminal, dumping a large amount of tokens. Currently, although it has recovered, Fartcoin is still down 50% from its peak 11 days ago.
🔹 #SPX6900 , another meme coin in the top 100, has increased by 27% in the past 24 hours. However, on a weekly basis, this coin is still down 22% from its recent peak.
🔹 A smaller coin is Buttholecoin (#BUTTHOLE ), with a market cap of approximately 61 million USD, which has also surged 53% in the past day.
Meme Coin: Volatility Based on Market "Sentiment"
There is no clear reason for the strong recovery of these meme coins. However, the excitement in the crypto market and some peripheral factors – such as a "cyber-farting" case in the UK – may have contributed to the momentum for Fartcoin.
Meanwhile, Trump Coin – the official meme coin of Donald Trump on Solana – has only increased slightly by 2%, trading around 27.50 USD.
Overall, meme coins on Solana are dominating, indicating the explosive trend of this in the crypto market in early 2025.
