Despite the recent market downturn, Solana and Jupiter have emerged as the top gainers on Friday, with both cryptocurrencies experiencing double-digit growth.

The overall crypto market has seen a decline of nearly 5% in the past 24 hours, with Bitcoin dropping to $65,000 for the first time in over a week. Ethereum and Dogecoin also experienced a drop of almost 10% following their recent rallies.

However, amidst this market correction, Jupiter and Solana have continued to rally, driven by increased trading volume and positive market sentiment. SOL, the native token of Solana, saw a 10% increase in value today, while Solana-based meme coins have seen significant gains during this bull market.

For instance, Dogwifhat (WIF) reached a new all-time high of $3.47, marking a 534% growth over the past month. Similarly, the newly launched Solana meme coin, Book of Meme (BOME), has gained 560% in value since yesterday, fueled by high demand for the BOME/SOL trading pair.

On the other hand, Jupiter’s rally can be attributed to its record trading volume in March and the launch of its first launchpad program, LFG, aimed at supporting new market projects.

Jupiter has also seen a surge in trading volume, surpassing $20 billion by mid-March, compared to its highest trading month of $16.6 billion in December. The platform’s trading pairs, particularly SOL/USDC and SOL/WIF, have been the most traded on the exchange this month.

The availability of Solana-based meme coins on Jupiter has played a significant role in the success of both altcoins, allowing them to weather the recent market turbulence and continue to thrive.

For more insights and updates on the crypto market, stay tuned to Global Crypto News.

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