Solana-based memecoin Billy continues upward trend, soars over 44% days after listing
Billy (BILLY), a dog-themed meme coin on the Solana (SOL) blockchain, has surged over 44% in the past 24 hours.
This rally is a continuation of the coin’s impressive performance following its listing on several major crypto exchange platforms in June.
According to the Daily Hodl, BILLY’s value jumped significantly since exchanges like Bittrue, Bitget, MEXC, and Gate.io announced their support for the asset earlier in the week.
On July 5, BILLY was trading at $0.1659, marking a 36% increase from the previous day. Just a few days earlier, on June 26, BILLY was valued at only $0.0286.
At the time of writing, CoinGecko priced the meme coin, which was launched in June and features a puppy as its mascot, at $0.1862. It marked a 44.7% jump from its July 5 levels and brought BILLY’s market capitalization to $189.5 million.
The coin’s value has skyrocketed 254% in the two weeks since it went live, with similarly robust gains recorded over different time frames. For instance, in the last 7 days, the price of BILLY went up by more than 192%, meaning it outperformed the global crypto market, which is down 7.40%.
Furthermore, BILLY has continued to outperform other well-known tokens in its category, with the broader meme market registering a 10.80% dip, according to CoinGecko.
After experiencing significant drops, assets like Dogecoin (DOGE), Shiba Inu (SHIB), Bonk (BONK), and dogwifhat (WIF) have also turned green in the last 24 hours. Dogecoin was up 9.8% at the time of writing, while Shiba Inu was also up 14.7%.
On its part, Bonk registered a 10% uptick, accompanied by a 24-hour trading volume of $397 million. WIF had the best performance of the major meme coins, jumping 16.4% in one day to trade at $1.64.
However, over a 30-day period, most of these meme coins lost significant portions of their value while BILLY soared. For example, Bonk shaved off more than 32% of its price in that period, while dogwifhat went down 40.6%. Shiba Inu also lost more than 38% of its value, while the Dogecoin price went down 33%.
