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    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

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    NFT Sales Spike in July—but Still Miles Below 2024’s Highs

    Ethereum Collections Lead NFT Sales Today

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    how NFTs became a global brand and a Web3 “social currency”

    how NFTs became a global brand and a Web3 “social currency”

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    Pixel Vault Removes CEO Following Self-Dealing and Rug Pull Accusations

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    NFT sales surge to $574 million in July, second-highest in 2025

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    Crypto Scammer Gets Prison Time for Swiping NFTs, Coins via Hacked X Accounts

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    Ethereum NFT Sales Surge 56% in July 2025 as Alt-Chains Lose Market Share

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    The Squid Fighter game is taking Telegram by storm — join the fight and claim your NFT before it’s too late!

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    Early Off the Grid Skin Holders Are Cashing In – Will You?

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  • Blockchain
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    MetaMask Users Can Now Link Binance and OKX Accounts to Their Portfolio Dashboard

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Home Altcoins

Solana: Can memecoin BONK aid SOL’s move

January 10, 2024
in Altcoins
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Solana: Can memecoin BONK aid SOL’s move
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  • Solana’s BONK memecoin gained traction, with whales accumulating.
  • Solana network activity surged, reflecting in a massive growth in SOL’s price.

The OKX exchange recently witnessed the listing of Solana [SOL] tokens, including the memecoin BONK, which has been gaining significant traction within the crypto community.

Whales move in

The rising interest in BONK prompted accumulation by whales. This was exemplified by a trader’s $6.9 million profit on BONK after strategically buying and selling substantial amounts.

READ ALSO

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Toncoin heats up: What does $398M in trading volume indicate?

This smart trader who made ~$6.9M on $BONK spent 386 $SOL($40K) to buy 3.29B $BONK again today!

He accumulated 371.4B $BONK in 9 months at a cost of only 6,998 $SOL($276K) and sold half of the $BONK during the $BONK surge for 50,139 $SOL($5.2M).https://t.co/pOFRD2ndI8 pic.twitter.com/lkgGm13G0e

— Lookonchain (@lookonchain) January 9, 2024

Simultaneously, Solana experienced a remarkable surge in activity, with daily active addresses growing by an impressive 141% in the last 90 days, according to Artemis’ data.

This heightened engagement is a positive sign for the network, indicating a growing user base and increased utilization.

Daily active addresses have been popping off on almost every chain for the last 3 months.

Biggest absolute increases for:
1) Solana (299K)
2) NEAR (279K)
3) Polygon (238K)
4) BNB Chain (161K)
5) ZK Sync (89K) pic.twitter.com/1TjoX5XuF1

— Haseeb >|< (@hosseeb) January 9, 2024

Developments on the rise

The development front of Solana further reinforced its position in the market. The ecosystem witnessed significant progress in tooling, developer experience, and content quality.

See also  Solana pumps 8% in 24 hours: Will price prediction remain bullish?

With a monthly active developer count consistently ranging between 2500-3000 throughout 2023, Solana demonstrated its ability to attract and retain top-tier talent. Developer retention, exceeding 50%, underscores the commitment of new developers to the SOL ecosystem.

1/ In 2023, the Solana developer ecosystem made major advances in tooling, developer experience, & quality of content.

Today the Solana ecosystem has over 2500 monthly active developers on open source repositories and developer retention is over 50%.https://t.co/XwByL3HSuR🧵 pic.twitter.com/UnglforurA

— Solana (@solana) January 8, 2024

Solana’s hackathons have garnered significant participation, with more than 900 submissions in the recent Hyperdrive hackathon.

This indicates a thriving developer community and positions the network as an appealing platform for future developers.


How much are 1,10,100 SOLs worth today?


Considering these positive developments, the token’s price reflected the overall optimism.

At press time, SOL was trading at $100.54, showing an impressive 11.2% growth in the last 24 hours.

Source: Santiment

 

Tags: aidBONKMemecoinmoveSolanaSOLs

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Memecoin Project Obama6900 (OBX) Joins the Fight Against Malaria with Long-Lasting Insecticidal Nets (LLINs)

Memecoin Project Obama6900 (OBX) Joins the Fight Against Malaria with Long-Lasting Insecticidal Nets (LLINs)

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Tezos 2023 Outlook: An Overview of Tezos (XTZ)

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UK risks regulating NFTs the wrong way, says Mintable CEO

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How to Earn Keys to Boost Your HMSTR Airdrop

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Capturing the Growth of Asset-Backed Finance via Blockchain-Enabled Opportunities

Capturing the Growth of Asset-Backed Finance via Blockchain-Enabled Opportunities

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Top 7 Best Crypto Wallets For Gambling in 2024

Top 7 Best Crypto Wallets For Gambling in 2024

August 15, 2024
The Sandbox Marketplace is now live on the Polygon

The Sandbox Marketplace is now live on the Polygon

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Bitcoin’s pivotal ‘decision week’ – What’s next as Uptober ends?

Bitcoin’s pivotal ‘decision week’ – What’s next as Uptober ends?

October 29, 2024
Gods Unchained Mobile App Now Available on IOS And Android

Gods Unchained Mobile App Now Available on IOS And Android

March 1, 2024

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