According to Coingecko data, the tokens listed within the Solana meme sub-sector attracted $3.5 billion aggregate trading volume on November 7.
Bitcoin price entered its second consecutive day of price discovery on Thursday, November 7, reaching new peaks above $76,800. Demand for Solana memecoins is on the rise with the sector’s trading volume crossing the $3.5 billion mark within the last 24-hours. Solana memecoins and XRP market updates Solana price gained 5.45% to reach the $195 mark for the first time in 220 days, dating back to April 2. XRP price is facing stiff resistance at the $0.
The Solana memecoin sector’s rising TV-MC ratio underlines steady growth and rising confidence within the global Solana memecoin community. The liquidity surge could potentially see top-ranked tokens like Dogewifhat , BONK and Book of Meme avoid volatile price downswings when market retreats. Market updates Bank of England slashed interest rates by 25 basis points on Thursday as UK inflation fell below the 2% target.
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