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Solana-based memecoin Billy continues its bullish trend, rising over 44% in just a few days after listing
Billy (BILLY), a dog-themed meme coin on the Solana (SOL) blockchain, has surged by over 44% in the last 24 hours.
This rally is the continuation of the coin’s impressive performance after its quotation on several major cryptocurrency exchanges in June.
According to Daily HodlBILLY’s value has increased significantly since exchanges such as Bittrue, Bitget, MEXC, and Gate.io announced their support for the asset earlier this 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 just $0.0286.
At the time of writing, CoinGecko has set the price meme coinlaunched in June and with a puppy as its mascot, at $0.1862. It jumped 44.7% from its July 5 levels and took BILLY’s market cap to $189.5 million.
BILLY 24-hour trading chart | Source: CoinGecko
The coin’s value has skyrocketed by 254% in the two weeks since it was launched, with similarly robust gains recorded in different time frames. For example, in the last 7 days, BILLY’s price has risen by over 192%, meaning it has outperformed the overall cryptocurrency market, which has fallen by 7.40%.
Additionally, BILLY continued to outperform other well-known tokens in its category, with the broader meme market seeing a 10.80% decline, according to CoinGecko.
After suffering significant drops, assets like Dogecoin (DOGE), Shiba Inu (SHIBISCOPE), Bonk (DISGUST), and dogwifhat (Wife) have turned green over the past 24 hours. Dogecoin was up 9.8% at the time of writing, while Shiba Inu was up 14.7%.
For his part, To beat has seen a 10% surge, accompanied by a 24-hour trading volume of $397 million. WIF has been 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 significant portions of their value, while BILLY skyrocketed. For example, Bonk dropped its price by more than 32% in that period, while dogwife hat fell by 40.6%. The Shiba Inu also lost more than 38% of its value, while the price of Dogecoin dropped by 33%.