Dogecoin (DOGE) has made a slight recovery after falling to a 2025 low earlier this week. It’s up about 4% in the past 24 hours, bringing its price to nearly $0.337.
Dogecoin (DOGE) has made a slight recovery after falling to a 2025 low earlier this week. It’s up about 4% in the past 24 hours, bringing its price to nearly $0.337. However, DOGE is still down by 5% over the last week after dipping below $0.31 on Monday. The coin peaked above $0.43 in mid-January but experienced a sharp decline shortly after the launch of President Donald Trump’s Solana-based meme coin, which seems to have shifted attention away from Dogecoin. Additionally, DOGE's open interest—the value of futures contracts tied to the coin—has fallen by $1.7 billion from its Jan. 17 high of $5.5 billion, highlighting waning investor confidence.
Meanwhile, meme coins on the Solana blockchain are experiencing much larger price jumps. Fartcoin (FARTCOIN), which had dropped out of the top 100 coins earlier this week, has surged 38% in the last day, now priced at $1.27. Despite this significant rise, Fartcoin is still down 15% for the past week and remains 50% below its all-time high. This decline earlier in the week was partly due to a large token sale by Andy Ayrey, creator of the Truth Terminal AI bot, which had helped launch the coin. The sale triggered a temporary price drop, but Fartcoin has since rebounded, driven by improving market sentiment and some speculative news, including a viral story involving a U.K. woman convicted of a "cyber-farting" scheme.
Other Solana-based meme coins are also showing rapid gains. Buttholecoin (BUTTHOLE) has risen by 53% over the past 24 hours, reaching a market cap of approximately $61 million, though it remains outside the top 100 coins. SPX6900, another Solana meme coin, has climbed 27% in the past day. While the coin’s recent jump has put it back in the top 100, it’s still 22% off its all-time high.
Fartcoin, Buttholecoin, and SPX6900 are all seeing notable price increases, far outpacing Dogecoin’s modest recovery. The price movements of these Solana meme coins reflect the unpredictable nature of the meme coin market, where prices can swing wildly based on market sentiment and viral trends.
The stark contrast between Dogecoin's struggles and the surging Solana meme coins highlights the shifting dynamics in the meme coin space. Dogecoin’s open interest continues declining, and investor interest seems to wane as other meme coins gain traction, especially on the Solana blockchain. The future of Dogecoin remains uncertain as it faces competition from these rapidly rising Solana-based tokens.
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