Solana (SOL) continues to soar in value—even while other major coins and tokens lie flat or dip slightly.

SOL is now up 12% in 24 hours and is trading above $89, according to CoinGecko. Yesterday, the asset flipped XRP to become the fifth biggest cryptocurrency by market cap. And in the past week, SOL has risen by almost 25%.

The renewed investor interest in SOL and its ecosystem—praised and used by developers and major companies like Visa and Shopify—has led to tokens that run on its blockchain blowing up in value. Meme coins that run on Solana’s blockchain in particular are doing well.

Dog-themed Dogwifhat (WIF), launched just last month, is up over 39% in the past day. In the past week, it has surged by 892%. It is now priced just below $0.

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Author: Mathew Di Salvo

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