Dogecoin (DOGE) is making a modest recovery after hitting a low earlier this week, while some prominent Solana meme coins are experiencing significant gains. DOGE has risen about 4% in the past 24 hours, reaching nearly $0.337, although it remains down 5% over the past week. The coin had peaked at over $0.43 on January 17, but saw a sharp decline following the launch of President Donald Trump’s Solana meme coin.
Solana Meme Coins Surge
In contrast to Dogecoin’s gradual rebound, several Solana-based meme coins are seeing substantial increases. Fartcoin (FARTCOIN), which had dropped out of the top 100 coins by market cap earlier this week, has reentered the rankings with a 38% spike in the past day, now priced at $1.27. Despite this surge, Fartcoin is still down 15% over the last week and 50% from its all-time high set 11 days ago. The token’s recent decline was partly due to a large sale by Andy Ayrey, the creator of the Truth Terminal AI bot.
The reasons behind Fartcoin’s rapid rebound are unclear, but meme coins are known for their volatility and often trade based on market sentiment. The rise could be linked to improving sentiment in the crypto market or a viral news story about a UK woman sentenced for a “cyber-farting” scheme.
Another Solana meme coin, Buttholecoin (BUTTHOLE), has also seen a significant increase, spiking 53% in the last 24 hours. Despite its rise, Buttholecoin remains outside the top 100 coins with a market cap of about $61 million.
SPX6900 and Trump’s Solana Coin
Back in the top 100 coins, Solana meme coin SPX6900 has risen by 27% over the past 24 hours, although it remains down 22% from its recent all-time peak. Meanwhile, President Trump’s official Solana coin has seen a modest 2% increase, now priced at about $27.50.
Conclusion
While Dogecoin is slowly recovering, Solana meme coins are experiencing more dramatic movements. The volatility of these meme coins highlights the unpredictable nature of the crypto market, where sentiment and viral news can significantly impact prices. Investors should remain cautious and stay informed about market trends and developments.
