Solana Nears $100 as Meme Coin Frenzy Continues to Drive Rally
Value locked on the blockchain’s applications has more than doubled since November.
Binary trading platforms with better performance and payouts
Solana
Value locked on the blockchain’s applications has more than doubled since November.
Solana has overtaken XRP as the fifth-largest cryptocurrency, with its market cap hitting a 20-month high of $33.7 billion, according to CoinMarketCap.
Saga phone (Danny Nelson/CoinDesk)
New users are pouring into Helium’s low-cost phone plan. Some are more interested in the MOBILE token rewards than the cell service.
The sealed and unopened phone boxes contain an airdrop of 30 million bonk (BONK) tokens, which has seemingly revived dismal Saga sales.
FTX’s SOL holdings are worth over $4.2 billion in today’s money, up from $1.16 billion from earlier this year.
Solana’s Sage phone is seeing a surge in sales on the backs of arbitrage traders chasing a lucrative BONK payout.
The Dogwifhat (WIF) memecoin is Solana’s latest joke token. One trader turned $1000 into $100000 buying it.
Prices reversed nearly all losses from last week following the announcement. BONK traded at $0.000014 on Thursday morning, with a trading volume of over $235 million.
Vitalik Buterin, a member of the Ethereum Foundation’s executive board, once pushed “layer-2” networks as a way to provide faster and cheaper transactions. Now he’s got ideas for “enshrining” some of those functions on the main chain.