DOGE’ on Solana Blasts Up 200,000% in 24 Hours and Experts Say This New Meme Coin is Next

Sam Cooling
Last updated: | 3 min read
DOGE Price Analysis: New Solana memecoin, Doge Solana, has exploded +200,000% in overnight price move - but could this other coin be next?

In the latest Solana meme coin pump, a Dogecoin spin-off token called ‘DOGE on Solana’, has exploded +200,000% in less than 24 hours.

This DOGE price analysis reveals whether the skyrocketing rally will continue.

Indeed, this price pump comes as recent months have seen a huge trend in explosive moves, with countless Solana meme coins garnering significant attention, including SpaceX Token, SOLAREUMJoe on SOLBINKBONGMUSKFLUBPUMAHOPPY and SPX.

The DOGE spin-off token is flying high due to Solana’s cheap transactional costs, which have already enabled DOGE on Solana to smash $12.7m in trading volume amidst inflows of 3.13k holders.

DOGE Price Analysis: As Doge Coin on Solana Blasts Up +200,000% – Could Solana Memecoin Post Second Rally?


With price action hanging low in the channel, DOGE is currently trading on a market price of $0.00007173 (representing a 24-hour change of 61,493%).

This comes after DOGE price accelerated almost immediately on launch, with a 6-hour wave of upside green movement, that ultimately saw DOGE explode +9,713% to hit an all-time high at $0.0004282 around 20:00 UTC on February 5.

In the hours since, this has led to a strong localized retracement move, which has so far seen DOGE price bleed out -81% from the recent high.

DOGE Price Analysis: New Solana memecoin, Doge Solana, has exploded +200,000% in overnight price move - but could this other coin be next?

But despite downside price action, lower support has emerged in a well-defended consolidation move around $0.000055 and $0.0001.

If DOGE bulls are able to successfully defend this lower price level, a second rally could be on the cards.

Indeed, with a current market cap of $775k it’s feasible for DOGE to make a 3-5x move from here if traction grows once again.

Yet, this is caught in an ongoing battle against growing sell pressure – which currently represents 46% of transactions over the past hour.

Some concern emerges from DOGE’s liquidity pool, which remains somewhat small despite the major overnight growth, and more critically, remains unlocked – posing a risk to long-term holding.

For this reason, investor attention is increasingly shifting to an alternative play – Sponge V2 – which has all the trappings of the next viral breakout.

Sponge V2 Launch ($SPONGEV2): Last Chance to Buy – Poised To Outperform DOGE Token and Other Solana Memecoin?


Sponge V2, the latest iteration of the renowned Sponge ($SPONGE) meme coin, is making waves in the cryptocurrency market.

Following the phenomenal success of Sponge V1, which peaked at nearly $100 million in market cap and amassed over 13,000 holders, Sponge V2 arrives with promising innovations and opportunities for investors.

How to Acquire Sponge V2


Acquiring Sponge V2 is unique:

  • Stake Sponge V1: Buy and stake V1 tokens via Sponge.vip or stake your existing V1 tokens.
  • Earn More V2: The longer and more V1 tokens you stake, the more V2 tokens you earn.

Read more: Best Crypto to Invest In 2024

Staking Mechanics and P2E Integration


DOGE Price Analysis: New Solana memecoin, Doge Solana, has exploded +200,000% in overnight price move - but could this other coin be next?

Sponge V2 introduces Play-to-Earn (P2E) utility, enhancing its ecosystem.

Stake your V1 tokens to earn V2, and engage in the upcoming P2E game to earn additional $SPONGEV2 tokens.

Moreover, this P2E game, a new utility in the Sponge ecosystem, will feature both free and paid versions for enhanced gaming and earning experiences.

Unique Aspects of Sponge V2 Over DOGE Price Analysis


  • Exclusive Access: Earn $SPONGEV2 exclusively through $SPONGE staking.
  • Bonus Rewards: Buying and staking $SPONGE offers special $SPONGEV2 bonuses.
  • Passive Earnings: Staked $SPONGE tokens yield passive rewards, starting at a minimum 40% APY.
  • Permanent Transition: Staking V1 tokens will result in their permanent locking, shifting the focus to V2 post-launch.

Roadmap and Future Prospects


DOGE Price Analysis: New Solana memecoin, Doge Solana, has exploded +200,000% in overnight price move - but could this other coin be next?

Sponge V2’s roadmap is ambitious, targeting 10,000 holders, Tier 1 CEX listings, and a $100M market cap.

The launch stages include the Sponge game’s development and the Sponge V2 claim and listing.

Sponge V2 is not just a sequel to its predecessor; it’s a reinvention with a focus on utility and community engagement.

The integration of P2E and exclusive staking mechanisms make it a standout project in the meme coin domain.

Stay updated on Sponge V2’s journey through social channels and witness its growth in the crypto world.

Get Sponge V2 Here

Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.