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Cryptocurrency News Articles

Dogecoin [DOGE] Expands to Solana, Mirroring Its Bullish Trend

May 23, 2025 at 11:00 pm

Over the past month, Dogecoin [DOGE] has maintained a bullish threshold, gaining 34.21%. It mirrored this trend over the last 24 hours with a modest 3.24% increase.

Dogecoin [DOGE] has maintained a bullish threshold over the past month, gaining 34.21%. In the last 24 hours, it mirrored this trend with a modest 3.24% increase.

Now, an ecosystem shift may kickstart the next leg of its rally by expanding the memecoin to Solana.

DOGE heads to Solana via Wormhole bridge

In recent news, Wormhole announced that DOGE, boasting over $36 billion in market cap, is launching on the Solana blockchain.

The bridge between DOGE and Solana will be smoothly facilitated through Wormhole’s interoperability technology, encompassing the Native Token Transfers (NTT) framework and zero-knowledge proofs (ZKPs).

According to the press release, strong retail demand has played a significant role in accelerating this integration.

The memecoin is entering a network where Fartcoin [FARTCOIN], Pudgy Penguins [PENGU], and dogwifhat [WIF] achieved remarkable gains of 384%, 96%, and 66% over the last 90 days.

For DOGE, which still claims the top spot among memecoins, this move could grant access to deeper liquidity from the Solana ecosystem.

At press time, Dogecoin’s total value locked (TVL) stood at $4.66 million—a relatively low figure.

Expanding DOGE to Solana, combined with ongoing ecosystem growth, could help its TVL reclaim the $9.22 million all-time high, or perhaps even surpass it.

Historically, rising TVL has supported price appreciation and market cap growth by drawing in liquidity providers.

What is DOGE’s outlook?

Taking a broader perspective on the 1-week chart, DOGE has respected a rising support trendline—one that previously sparked a 404% rally.

If similar price action unfolds now, the memecoin could trend back to the $0.669 level.

A glance at the chart reveals that DOGE is already in motion, with roughly 30% of the rally in progress.

Ecosystem shifts like this integration with Solana could play a pivotal role in accelerating Dogecoin’s upward trend.

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