Solana-based memecoins have seen significant market activity recently. The memecoin $WIF has surpassed $ATOM and $FTM in market cap, reclaimed a $2 billion market cap, and flipped Ethereum Layer-2 token $OP and $ARB in market cap. Meanwhile, $MOODENG, another Solana memecoin, has achieved remarkable growth, reaching a market cap of $300 million, up 83% in the last 24 hours. Notably, a trader turned $1,331 into $9.5 million in 17 days by investing in $MOODENG, achieving a 7,140x return. $MOODENG has also become the biggest 24-hour gainer among the top 500 tokens and is now the #1 memecoin on @pumpdotfun.