Bitcoin price dipped below the $68,000 mark for the first time since March 8, triggering a crypto market bloodbath. Solana and Solana-based meme coins rallied on Friday despite the decline seen in other altcoins. Traders are weighing the risk of buying the dip in Bitcoin and altcoin prices, according to on-chain metrics. Solana and Solana-based meme coins such as Dogwifhat , Sillycat or Popcat observed an increase in price on Friday.
In this marketwide bloodbath, Solana and meme coins from the SOL ecosystem emerged as outliers, data from Santiment shows. Crypto market bloodbath and Bitcoin price decline. Source: Santiment SOL-based meme coins like WIF, SILLYCAT and POPCAT, climbed despite the market-wide correction in the crypto. Solana based meme coins. Source: CoinGecko Solana and the AI token category seem unaffected by Bitcoin’s recent correction.