In the midst of a sluggish market, a meme cryptocurrency based on Solana (
**SOL**
) is making waves with a significant rally following its addition to several cryptocurrency exchange platforms.

Recent figures indicate that Billy (
**BILLY**
), a canine-inspired memecoin on the Solana network, has seen an over 30% surge in the past day, thanks to the backing of various crypto trading platforms.

The exchanges that have embraced Billy include
**Bittrue**
,
**Bitget**
,
**MEXC**
, and
**Gate.io**
. These platforms have all declared their support for the memecoin earlier in the week.

At the moment of writing, Billy’s trading value stands at $0.1659, marking a 36% increase within a single day. Back on June 26th, Billy’s trading price was a mere $0.0286.

Launched in June of this year and represented by an image of a young dog, Billy is outperforming other well-known meme cryptocurrencies during the current market consolidation phase, which has led to widespread declines.

Comparatively, other dog-themed cryptocurrencies like dogwifhat (
**WIF**
), Shiba Inu (
**SHIB**
), Bonk (
**BONK**
), and Dogecoin (
**DOGE**
) are trading at $1.91, $0.000014, $0.000023, and $0.1046, respectively, at the time of writing.

Nevertheless, in the past month, **DOGE**, **WIF**, **SHIB**, and **BONK** have all experienced downturns ranging from 30-40%, whereas **BILLY** has astonishingly climbed by 150% in the same period.

Blockchain analytics platform Dexscreener reports that currently, Billy’s market capitalization is at $161 million, with a 24-hour trading volume of $24.6 million.

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Disclaimer: The views at The Daily Hodl do not constitute investment counsel. Before engaging in high-risk Bitcoin, cryptocurrency, or digital asset investments, investors should conduct thorough research. Be aware that your transactions and trades are your responsibility, and you bear the risk of any potential losses. The Daily Hodl neither endorses the purchase or sale of any cryptocurrencies or digital assets nor acts as an investment advisor. The Daily Hodl is involved in affiliate marketing.

Featured Image: Shutterstock/Quardia/Sensvector