Dogwifhat, BOME dip as traders switch to new Solana meme coin
The Solana meme coin market cap sits at over $8 billion now. However, over the past 24 hours, leading Solana meme tokens have dipped in price. BOOK OF MEME and dogwifhat have both slumped almost 10%. Investors have started casting their nets for the next big Solana meme coin to go viral, and one seal-themed project, Sealana (SEAL), has caught their eye. Solana-based meme coin dogwifhat has been a breakout star this year after launching in November 2023. Listed on DEXs initially for $0.000001366, it soon skyrocketed to $0.0352 by the end of 2023 — a 23 million percent increase. By March, it had passed the $4 mark, and early investors had enjoyed huge returns on their investments. Since then, the token has struggled to regain the highs of March due to severe price volatility. We’ve seen lows of $2.40 and highs of $3.50 several times in recent weeks. Two days ago, Dogwifhat saw a major price surge, rushing from $2.80 to over $3.20 after two major buyers spent more than $2 million. However, this price jump was short-lived when a whale sold $2.36 million worth of WIF. BOOK OF MEME (BOME) has undergone similar price movements over the past day, with a 9.24% drop. Like dogwifhat, BOME has a meteoric rise after it launched. It was listed on Raydium in March at a price of $0.0001341. Two days later, the token was valued at $0.0238, a 21,000% increase, and had reached a market cap of $1 billion.
Currently, the token is priced at just $0.022 per SEAL token and can be bought using ETH, SOL, USDT, and USDC. Like Slothana, which recently hit a new ATH after a successful ICO, the presale has an air of mystery about it, which has helped drive hype up for this token.
