Dogecoin (DOGE) Price Hovered Around $0.24, After Latest Network Development Saw It Join Wormhole's Multi-Chain Assets Ecosystem

Dogecoin (DOGE) price hovered around $0.24, with latest network development seeing it join Wormhole's multi-chain assets ecosystem to expand DOGE to Solana (SOL).

Dogecoin (DOGE) price action continues to be a sight to behold as the cryptocurrency giant is joining Wormhole’s multi-chain assets ecosystem to expand Dogecoin to Solana (SOL).

As Bitcoin continues to tease traders with its price movements close to the all-time high, analysts are keeping an eye on major altcoins.

While BTC has slowed, further explosiveness seems to be brewing for leading alts like Ethereum, which broke above $2,700 in the past 24 hours.

Meanwhile, Solana, XRP and BNB are all trading at crucial price levels.

After a breakout this week pushed the memecoin past the $0.2 mark, analysts say a continuation could see bulls take Dogecoin to $0.3.

The integration with Wormhole to bring the top memecoin to Solana may be one of the upside catalysts for Dogecoin.

Dogecoin price, the good news keeps coming

On May 23, interoperability platform Wormhole announced that Dogecoin would be live on Solana.

This news comes as Dogecoin is going cross-chain, ringing its $35 billion native token to the massive ecosystem that’s Solana.

As explained by the Wormhole team, the integration will be powered by Wormhole’s Native Token Transfers (NTT) framework.

Dogecoin will also tap into Wormhole’s zero-knowledge proofs, with the move now seeing Dogecoin use as a Solana-native token come into play.

$DOGE is going multichain 🐕

the $35 billion asset is coming to @solana, powered by Wormhole NTT

much wowsuch solana pic.twitter.com/syJQb3eDYK

— Wormhole (@wormhole) May 22, 2025

The development will not only enhance Dogecoin’s utility but also improve accessibility and use across the broader cryptocurrency market.

“Bringing DOGE to Solana combines two massive industry forces, the leading blockchain by volume and a top ten digital asset by market cap — and we’re excited Wormhole is the infrastructure provider to make this moment a reality”, said Robinson Burkey, co-founder of Wormhole Foundation.

Burkley added:

“This integration underscores Wormhole’s commitment to underpinning the internet economy, bringing us closer to a unified multichain financial ecosystem for both high-value tokens like DOGE and institutional-grade assets.”

As noted, the launch on Solana is a big move for memecoin fans.

With Dogecoin’s reach across the crypto market set to explode, positive sentiment could help price rebound higher.

Dogecoin price – technical outlook

The price of Dogecoin today is $0.16.

In recent days, buyers have helped it push higher amid gains for memecoins, reaching $0.25.

However, as top coins slowed, led by BTC’s consolidation above $100k, Dogecoin slipped.

Yet, a breakout from a bull pennant pattern has seen the token’s price rally to retest the key hurdle at $0.25.

This time, Dogecoin rose as Bitcoin stormed to a new all-time high above $111k.

Currently, the DOGE price sits around $0.24.

A look at the chart, as above, shows technicals pointing to a potential bullish extension. If this confirms, a breakout past $0.3 will take bulls to $0.43.