2024

Solana

Jupiter

<p class="is-style-lead">Despite the market’s notable liquidation, Solana and Jupiter have recorded double-digit growth, becoming the top gainers Friday.</p> 
<p>The crypto market has been down by nearly 5% since yesterday, as <a href="https://crypto.news/price/bitcoin/">Bitcoin</a> dropped to $65,000 for the first time in over a week. <a href="https://crypto.news/price/ethereum/">Ethereum</a> and <a href="https://crypto.news/price/dogecoin/">Dogecoin</a> also dropped almost 10% after seeing week-long rallies.<br><br>Despite this brief decline, Jupiter and <a href="https://crypto.news/price/solana/">Solana</a> continue to rally amid increased trading volume and positive market sentiment. SOL gained nearly 10% today, and Solana-based meme coins have experienced record-high gains throughout this bull market. Dogwifhat (<a href="https://crypto.news/price/dogwifhat/">WIF</a>) reached a new all-time high of $3.47 yesterday, recording a 534% monthly growth.&nbsp;</p> 
<p>Another newly launched Solana meme coin, Book of Meme (<a href="https://crypto.news/price/book-of-meme/">BOME</a>), went viral on social media and has increased 560% since yesterday. The high demand for the BOME/SOL trading pair has also impacted Solana’s price today. <a href="https://www.geckoterminal.com/solana/pools/DSUvc5qf5LJHHV5e2tD184ixotSnCnwj7i4jJa4Xsrmt" target="_blank" rel="noopener">BOME’s</a> initial market started just below $10 million and soared to $510 million within a day of trading.&nbsp;</p> 
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   <p lang="en" dir="ltr">10 SOL into BOME is now worth about a quarter million freedom dollars <a href="https://t.co/GtldQbPsRH" target="_blank">pic.twitter.com/GtldQbPsRH</a></p>— DeeZe 🫡 (@DeeZe) <a href="https://twitter.com/DeeZe/status/1768653369000722741?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">March 15, 2024</a>
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<p> You might also like: <a href="https://crypto.news/binance-nfprompt-hacked-token/"> Hackers breach Binance-incubated platform NFPrompt, token plummets 10% </a> </p> 
<p>On the other hand, Jupiter’s (<a href="https://crypto.news/price/jupiter/">JUP</a>) rally can be closely attributed to its record trading volume in March and the initiation of its first launchpad program, LFG, which is designed to support new market projects.&nbsp;</p> 
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   https://twitter.com/JupiterExchange/status/1768455586050629671 
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<p>Jupiter also saw its highest trading volume only two weeks into March. The platform’s largest trading month was December, at $16.6 billion. Up to March 14th, the exchange had already crossed $20 billion, reflected in JUP’s market price.&nbsp;</p> 
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 <img loading="lazy" decoding="async" width="954" height="554" src="https://crypto.news/app/uploads/2024/03/Screenshot-2024-03-15-162734.png" alt="Jupiter trading volume" class="wp-image-14258692" style="width: 100%;height:auto">
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  Jupiter exchange monthly trading volume | Source: <a href="https://station.jup.ag/stats/month" target="_blank" rel="noopener">Jupiter Station</a>
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<p>Jupiter’s record trading volume is also linked to <a href="https://crypto.news/solana-and-ethereum-see-gains-kangamoon-presale-hits-125-roi/">Solana</a>, as SOL/USDC and SOL/WIF were the most traded pairs on the exchange in March. Regarding daily trading volume, SOL/BOME was today’s most traded pair on the DEX.&nbsp;</p> 
<p>Solana-based <a href="https://crypto.news/sol-eth-prints-profit-new-memecoin-sparks-interest/">meme coins</a> and their availability on Jupiter have positively affected both altcoins, as the tokens have successfully survived the recent liquidation phase in the bull market.&nbsp;</p> 
<p> Read more: <a href="https://crypto.news/pancakeswap-v4-details-cake/"> PancakeSwap reveals v4 details, CAKE reacts with 5% drop </a> </p>

Solana, Jupiter are top gainers amidst meme coin craze

crypto.news

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