Fan Club for Solana’s Saga Phone Loses 750 SOL
Saga phone (Danny Nelson/CoinDesk)
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Saga phone (Danny Nelson/CoinDesk)
Dialect Operator’s interface (Danny Nelson/CoinDesk)
Scenes from a Solana hacker house (Danny Nelson/CoinDesk)
CoinDesk 20, a liquid index of the highest traded tokens, slumped 2.86% in the past 24 hours.
A bump in network activity and usage could contribute to an upside for Solana’s SOL tokens.
The Saga smartphone. (Danny Nelson/CoinDesk)
The Solana ecosystem boomed in December as bonk tokens started a multiweek run of over 1,000%, grabbing listings on influential exchanges Binance and Coinbase.
Solana has been one of the biggest gainers of the latest crypto cycle, with a handful of airdrops and meme tokens accelerating big boosts in the price of SOL. Also, Ethereum co-founder Vitalik Buterin has released an updated roadmap for the ecosystem.
The Solana-based trading aggregator will test the longevity of the Solana frenzy.
Traders were moving capital from SOL to stablecoins suggesting profit taking, one analyst said in an interview.