Billy the Memecoin Surges 147% in a Week, Outperforming Shiba Inu and Dogecoin
- WBOYOriginal
- 2024-07-12 09:51:301027browse
In defiance of the market’s downturn, a memecoin built on the Solana blockchain, Billy BILLY/USD, has experienced a significant surge
A memecoin built on the Solana blockchain, Billy (BILLY-USD) has experienced a significant surge in the last week with its value increasing by nearly 147%.
What Happened: The memecoin, which features a dog theme, has seen its value surge by nearly 147% in the last seven days, reaching $0.182. This comes after several cryptocurrency exchanges, including Bittrue, Bitget, MEXC and Gate.io, added support for the coin, as reported by The Daily Hodl.
Billy, which was launched in June, features an image of a puppy and has outperformed other popular meme coins during the current market consolidation phase, which has led to significant declines across the board, the report noted.
Despite the market downturn, Billy’s market cap is currently at $181.8 million, with a 24-hour trading volume of $55.3 million, according to data from CoinMarketCap.
Why It Matters: Meme coins, despite their often whimsical nature, have been gaining traction and demonstrating significant market resilience.
Other dog-theme assets such as Shiba Inu (SHIB-USD) and Dogecoin (DOGE-USD) are trading at $0.00001538 and $0.1081 respectively at the time of writing this article.
Other top-tier cryptocurrencies like Bitcoin (BTC-USD) and Ethereum (ETH-USD) have come under selling pressure over the past week – while Bitcoin has fallen over 7%, Ethereum declined by over 11%.
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