Solana Flips Dogecoin: SOL Rockets to $9 Billion Market Cap and Takes 7th Spot
On September 3, 2025, Solana (SOL) achieved a major milestone, surpassing Dogecoin (DOGE) in market capitalization. Solana is now the seventh-largest cryptocurrency by market cap, flipping Dogecoin to take its spot. This significant shift highlights Solana's impressive growth and increasing dominance in the crypto space.
Solana's Explosive Growth: A 300% Surge
SOL has multiplied in value over the last few weeks, rising 300%. This surge propelled SOL, the native cryptocurrency of the Solana blockchain, to claim seventh on the list of the most valuable cryptocurrencies by total market cap, per data from. The climb reflects growing investor confidence in the Solana ecosystem and its underlying technology.
Solana ‘Flips’ Dogecoin at the $9 Billion Market Cap
The pivotal moment occurred as Solana 'flipped' Dogecoin at the $9 Billion market cap. This is a testament to the growing strength and potential of the Solana network, challenging established cryptocurrencies like Dogecoin.
Market Dip Doesn't Stop Solana's Rise
While the cryptocurrency market experienced volatility, with large and mid-cap altcoins significantly losing value, Solana showcased its resilience. At press time, Solana was down 5% on the daily, while Dogecoin had depreciated by 8%. Amid the price dip, SOL managed to flip DOGE on the market cap front.
Key Reports Highlight the Shift
On 17 August, a Messari report highlighted a significant shift in the market capitalization rankings of Solana and Dogecoin. Reportedly, Solana [SOL] had overtaken Dogecoin. This report validated the trend and further solidified Solana's position in the market.
Short Squeeze in the Derivatives Market
Derivatives market data analysis shows that SOL short traders are feeling the pinch as Solana market cap closes in on Dogecoin's 9th spot in the top 10 crypto market, even before firmly overtaking it. This suggests a growing bullish sentiment around Solana, potentially driving further price increases.