In the midst of a sluggish market, a meme cryptocurrency based on Solana (
**SOL**
) is making waves with a significant surge following its addition to several digital currency trading platforms.
Recent figures indicate that Billy (
**BILLY**
), a canine-inspired digital token on the Solana network, has seen an over 30% increase in value within the past day, thanks to the adoption by various cryptocurrency exchanges.
The exchanges that have embraced Billy include
**Bittrue**
,
**Bitget**
,
**MEXC**
, and
**Gate.io**
. These platforms have all declared their support for the meme coin earlier in the week.
At the moment of writing, Billy’s trading price stands at $0.1659, marking a 36% rise within a single day. Back on June 26th, Billy was trading at merely $0.0286.
Launched in June of this year and represented by an image of a young dog, Billy is outperforming other well-known meme currencies amidst the current market consolidation phase, which has led to widespread declines.
Comparatively, other dog-themed tokens like dogwifhat (
**WIF**
), Shiba Inu (
**SHIB**
), Bonk (
**BONK**
), and Dogecoin (
**DOGE**
) are listed at $1.91, $0.000014, $0.000023, and $0.1046 respectively at the time of writing.
Yet, while **DOGE**, **WIF**, **SHIB**, and **BONK** have all experienced a downturn of 30-40% over the past month, **BILLY** has impressively climbed by 150% during the same period.
Blockchain analytics platform Dexscreener reports that Billy’s market capitalization currently stands at $161 million, with a 24-hour trading volume of $24.6 million.
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Disclaimer: The views at The Daily Hodl do not constitute investment counsel. Before engaging in any high-risk investments in Bitcoin, cryptocurrencies, or digital assets, investors are urged to conduct thorough research. It is important to note that your transactions and trading are your own responsibility, and you must bear any losses that may occur. The Daily Hodl neither endorses the purchase or sale of any digital currencies or assets nor acts as an investment advisor. Be aware that The Daily Hodl is involved in affiliate marketing.
Featured Image: Shutterstock/Quardia/Sensvector
