- Dogecoin, a $37 billion asset, is now live on Solana via Wormhole’s NTT system.
- Wormhole has moved over $11.5 billion into Solana, more than any other cross-chain platform.
- DOGE trades at $0.245, aiming for $0.31 after breaking key resistance at $0.23.
Dogecoin is making a major shift by stepping into the Solana network. On May 23, Wormhole, an interoperability platform, revealed it had begun supporting DOGE as a native token on Solana. The $37 billion asset will now be accessible on one of the most actively used blockchain ecosystems in the world.
This transition uses Wormhole’s Native Token Transfers (NTT) framework and zero-knowledge proofs developed by Psy and RISC Zero. The integration means DOGE holders will now have access to faster and broader token use across networks while keeping ownership and smart contract functionality intact.
Robinson Burkey, co-founder of the Wormhole Foundation, said, “Bringing DOGE to Solana combines two massive industry forces, the leading blockchain by volume and a top ten digital asset by market cap.”
Cross-Chain Boost Brings DOGE Closer to Real Utility
The update happens as retail investors show increasing interest in large-cap tokens and better liquidity. With the help of Wormhole’s system, DOGE becomes part of a broader network of assets, where its reach and utility can grow even further. This also strengthens Wormhole’s aim to connect finance with the wider digital economy.
Bringing DOGE to Solana is part of Wormhole’s ongoing effort to expand its presence on that network. So far, it has enabled over $11.5 billion to flow into the Solana ecosystem—more than any other interoperability service has achieved. The firm continues to be seen as the backbone for cross-chain movement of assets like stablecoins and high-value tokens.
This step positions Wormhole as the key provider of flexible token transfers across networks. Its NTT framework is gaining ground as the default approach for issuing multichain tokens without giving up control or flexibility.
Dogecoin Eyes $0.31 Price Target
Dogecoin’s recent market activity reflects the interest generated by the announcement. The coin is trading at $0.245 today, showing a 2.28% rise in the last 24 hours and 14.39% growth over the past week. On May 22, analyst Ali Martinez noted signs of bullish movement in DOGE’s chart that hinted at more gains.
He pointed to a breakout past the $0.23 mark, lifting Dogecoin out of a chart pattern known as a bullish pennant. Since May 11, the coin had faced repeated failures to climb above $0.26, which acted as a ceiling. But the current pattern suggests that DOGE might finally be gaining momentum.
The price surge is now targeting the 1.414 Fibonacci extension level at $0.31. If reached, this would mark a 29% increase from current values and push prices to levels last seen in February. However, Martinez earlier mentioned the $0.25 to $0.26 area as a resistance point that DOGE needs to overcome to hold its gains.
Dogecoin’s arrival on Solana comes at a moment when both tech and price charts point upward. The move reflects growing interest from both developers and traders looking for faster, more efficient ways to move digital assets without being tied to one network.
Read More | ENA Token Signals Bullish Reversal: Double Bottom Pattern Points to $1.4818