The Memecoin craze brought a new record for Solana!

Solana's market capitalization reached an all-time high of $81.1 billion as of March 15, according to CoinMarketCap. The peak of the major coin's former market value was recorded as $77.9 billion in November 2021. While the SOL price has increased by 10 percent in the last 24 hours to $183.55, the all-time high price of $259.96 recorded in November 2021 still seems distant. Solana, who stands out with her mobility, seems to be making a name for herself for a while.

## Solana stands out with demand for memecoins!

The fact that the Memecoin craze continues at full speed has benefited the Solana ecosystem the most. The huge increases in dozens of memecoins in the Solana ecosystem triggered both SOL and memecoin prices upwards. Additionally, the announcement that various projects in the Solana ecosystem would airdrop further fueled this rise.

“What's driving SOL up is the chain activity led by memecoin,” said Matrixport business development director Benjamin Stani. Solana blockchain-based memecoins have been on the rise in the markets over the past day; Dogwifhat is up 20 percent, Popcat is up 35 percent and Bonk is up 10 percent.

Solana-based Bonk and Dogwifhat are the first non-Ethereum meme tokens to reach a billion-dollar market cap, Stani said. ”* he added. In addition, Colosseum Co-Founder Clay Robbins said that memcoins were popular in Solana because they were fun and accessible.