Solana Memecoin Billy Surges Past $100M Market Cap, Becomes Second Largest Pump.fun Token

Solana memecoin Billy (BILLY) has soared past a $100 million market cap, becoming the second-largest token launched on Pump.fun. The dog-themed coin has captivated the community since its inception in early June. It is currently trading at $0.1058, with a market cap of $108 million.

Shortly after the launch of Billy, the original developer sold all their tokens within 20 minutes, netting $1,116. The community quickly took control of the project, managing its social media accounts and Telegram group after the developer vanished. Had the developer held all their tokens, today that amount of BILLY would be worth nearly $6 million.

Over the past week, Billy’s market cap fluctuated between $60 million and $72 million. However, the meme coin experienced a remarkable 97% increase on Monday and Tuesday, pushing its market cap to $117 million. Billy is now the second-largest token on Pump.fun, trailing only Michi, which boasts a market cap of $130 million.

The reasons behind Billy’s sudden price jump remain unclear. The project’s Twitter account has been active, consistently posting memes. One notable boost came from pseudonymous content creator Jonzzy, whose Billy meme reached a substantial audience on social media.

Recently, Billy’s DEX Screener page was targeted by attackers who altered the banner photo to feature another meme coin’s dog. The community swiftly reclaimed the page, restoring Billy to prominence. This incident is part of a known DEX Screener exploit, allowing malicious actors to perform a community takeover (CTO) of a project.