The Doginfire (FIRE) meme token has grown by 2057% over the past 5 days. As of February 7, 2024, this digital asset created on the Solana (SOL) blockchain reached a value of $0.0017, with a capitalization of only $2.01 million. Interestingly, trading volumes increased by 308.4% per day, reaching $5.2 million, which is 249% of the total supply of this currency.

Over the past 24 hours, the FIRE rate has risen by 369.2%. It is important to note that 998.92 million tokens are in circulation, and new ones can no longer be created. This digital currency is available for trading on several decentralized exchanges (DEX) such as Raydium, Jupiter and others.

Meme cryptocurrencies are based on popular Internet memes or jokes and are intended mainly for entertainment and communication in online communities. They can be represented as tokens, NFTs, or entire blockchains built around specific memes. They usually have a limited release volume and can be used to support meme projects or as collectibles.

Solana is a high-performance blockchain platform designed for scalability and fast transaction processing, capable of processing more than 65 thousand transactions per second. It also provides the ability to create and deploy decentralized applications (dApps) and smart contracts, supporting many different projects and the ecosystem. At the time of February 7, the value of SOL was $95.5, and the market capitalization was $41.71 billion.