Solana and Jupiter are leading the market’s recent liquidation with double-digit growth, making them the top gainers on Friday. Despite a general decline of nearly 5% in the crypto market, SOL and JUP continue to rally with increased trading volume and positive sentiment.
SOL, the native token of the Solana blockchain, saw a 10% increase in price today, while Solana-based meme coins are experiencing record-high gains. Dogwifhat (WIF) reached an all-time high of $3.47, recording a 534% growth in just one month. Similarly, newly launched meme coin Book of Meme (BOME) has gone viral on social media and increased by 560% in just one day. The high demand for the BOME/SOL trading pair has also impacted Solana’s price.
Meanwhile, Jupiter’s (JUP) rally can be attributed to its record trading volume in March and the launch of its first launchpad program, LFG, which supports new projects in the market. The exchange has already surpassed its largest trading month in December, with over $20 billion in trading volume as of March 14th.
Jupiter’s record trading volume is also linked to Solana, as SOL/USDC and SOL/WIF were the most traded pairs on the exchange in March. Today, the most traded pair on the DEX is SOL/BOME, further showcasing the demand for Solana-based meme coins.
The availability of these meme coins on Jupiter has positively affected both Solana and Jupiter, as they have successfully weathered the recent liquidation in the bull market. This highlights the strong support and resilience of these altcoins despite market fluctuations.
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