Memecoins
Solana-based memecoin Billy continues its upward trend, soaring over 44% within days of listing
Billy (BOWL), a dog-themed meme coin on the Solana (GROUND) blockchain, has increased by more than 44% in the last 24 hours.
This rally is a continuation of the coin’s impressive performance after its SEO on several major cryptocurrency exchanges in June.
According to Daily HodlBILLY’s value has increased significantly since exchanges like Bittrue, Bitget, MEXC, and Gate.io announced support for the asset earlier this week.
On July 5, BILLY was trading at $0.1659, up 36% from the previous day. A few days earlier, on June 26, BILLY was valued at just $0.0286.
At the time of writing, CoinGecko has set the price of coin memelaunched in June and whose mascot is a puppy, reached $0.1862. It registered a 44.7% increase from its July 5 levels and brought BILLY’s market capitalization to $189.5 million.
BILLY 24-Hour Trading Chart | Source: CoinGecko
The cryptocurrency has surged in value by 254% in the two weeks since it went live, with similarly significant gains being recorded over different time periods. For example, in the last 7 days, BILLY’s price has increased by over 192%, meaning it has outperformed the global cryptocurrency market, which is down 7.40%.
Additionally, BILLY continued to outperform other well-known tokens in its category, with the broader meme market seeing a decline of 10.80%, according to CoinGecko.
After experiencing significant declines, assets like Dogecoin (DOGE), Shiba Inu (SHIB), Bonk (BONK), and dogwifhat (Wireless) have also turned green over the past 24 hours. Dogecoin was up 9.8% at the time of writing, while Shiba Inu was also up 14.7%.
For his part, Bonk saw a 10% gain, accompanied by a 24-hour trading volume of $397 million. WIF was the best performer among the major meme coins, jumping 16.4% in a day to trade at $1.64.
However, over a 30-day period, most of these meme coins lost a significant portion of their value while BILLY skyrocketed. For example, Bonk lost over 32% of its price during this period, while dog hat Dogecoin price dropped by 40.6%. Shiba Inu also lost over 38% of its value, while Dogecoin price dropped by 33%.