SOL breaks above $210
The market shows that SOL has broken through $210 and is now reported at $210.02, with a daily increase of 12.06%. The market is volatile, so please be prepared for risk control.
Solana's SOL Crosses $75 Billion Market Cap High Amid Meme Coin Frenzy
Solana's SOL has surpassed its previous market capitalization high of $75 billion, driven by the recent meme coin frenzy. The network's activity has been rapidly growing, with SOL crossing $200 for the first time since November 2021. Despite being 22% away from its lifetime peak of $260, SOL has already broken its record market capitalization, with various metrics such as network volumes, active wallets, total value locked, fees, and market capitalization reaching lifetime peaks over the weekend. However, net inflows to the Solana blockchain have been negative, indicating that there has not been a significant influx of new money into the ecosystem.
BOME Token Price Surge Reflects Cryptocurrency Market Dynamics
The Solana memecoin, known as BOOK OF MEME ($BOME) token, has experienced a surge in price of over 450% within a 24-hour period, reaching an all-time high of $0.01. This surge is attributed to the token's recent listing on major exchanges like KuCoin and Gate.io, which have heightened investor interest and trading activity. On-chain data analysis suggests that traders have been taking advantage of the surge to secure profits, with some earning significant returns. However, the inherent volatility of the cryptocurrency market should be acknowledged, and traders should exercise vigilance and strategic decision-making.
Fake account phishing scam exceeds $2.6 million
The fake account impersonating Solana ecological KOL Ansem, using the recent MEME trend, has phished over 2.6 million US dollars just by replying to posts. The biggest single victim lost about 1.2 million US dollars.
Meme project FOMOER has raised over 10,285 SOL
The MEME project FOMOER has launched a fundraising campaign on the X platform. According to on-chain data, the address has received 10,285 SOL, worth over $2 million. The project team has sent nearly 10,000 SOL to the fundraising address.
The transaction volume of DEX on the Solana chain exceeded US$3.8 billion yesterday, a record high
According to DeFiLlama data, the trading volume of Solana's DEX on-chain surpassed $3.8 billion yesterday, reaching $3.808 billion, a new historical high.
DAO Maker: Will expand to the Solana network and plans to launch 4 Solana IDO projects
DAO Maker announced on social media that it will expand to the Solana network. The upcoming actions include: adding a $2 million SOL liquidity pool on Raydium; launching four Solana IDO projects soon; and launching YOURAI on Raydium next Tuesday.
BOME TOP1 holders will sell 190 million BOME for the first time, making a profit of US$3.76 million
According to on-chain analyst ai_9684, in the past 4 hours, @SundayFundayLFG, the holder of BOME TOP1, sold 190 million BOME for 19,640 SOL, making a profit of $3.76 million (average cost of $0.00004691 per BOME). The sale of this smart money caused a short-term drop of 12% in the BOME coin price (from $0.019888 to $0.017703), and he still holds 1.242 billion tokens, worth $27.58 million.
Franklin Templeton: Although memecoins lack intrinsic value, there is a strong correlation between their price surge and blockchain user wallet growth
The digital asset team of Franklin Templeton stated that although meme coins lack intrinsic value propositions, there is a strong correlation between their price spikes and the growth of user wallets on underlying blockchains.It is reported that meme coins may offer "opportunities for investors to quickly profit" and have gained viral spread in the past year "due to their unique nature."As meme coin trading activity increases, active addresses on various blockchain networks also increase, including BONK on Solana and the Avalanche Foundation's recognition of meme coin value.
