Solana (SOL)’s inscriptions, memes, and NFTs have exploded comprehensively. The coin price has soared 6 times since the beginning of the year, with its trading volume and market value growing rapidly. It now has a market value of 36.3 billion US dollars, surpassing XRP (market value: 33.3 billion US dollars), becoming the fifth largest cryptocurrency.
Data shows that the DEX trading volume on the SOL network exceeded 1.47 billion US dollars on December 16, successfully surpassing Ethereum. Today, the daily trading volume of SOL on DEX has exceeded Ethereum for the second time in history, with a daily trading volume of over 1.2 billion US dollars. In addition, in the past few months, Solana has grown to become the market leader in stablecoin transfer volume (about 34%) and transfer count (about 48%). Some KOLs pointed out that liquidity follows liquidity, and money follows money, and the SOL ecosystem is definitely one of the biggest winners in this round.
According to AICoin KOL attention index, in the past 48 hours, a total of 10 Twitter KOLs mentioned SOL, and SOL has dominated the KOL attention rankings. In addition, the main force of SOL has placed a buy order of 7.92 million US dollars below the current price. Please pay close attention to the chip position at $86. If the subsequent price falls below this point, the price is highly likely to decline.
In addition, a series of meme-based dog coins on the Solana chain have taken off, and some explosive growth has driven lively discussions in the market.
Silly Dragon
SILLY, a meme form that rose steadily due to Toly, co-founder of Solana Labs, wearing a dragon costume at the Breakpoint conference. SILLY broke through 0.047 US dollars yesterday, with a 24-hour increase of 211%. Today, Silly Dragon hit a new high again.
ZERO
ZERO is a Solana on-chain token that combines inscriptions, memes, and gambling concepts. Its total supply is 21 million, of which 10.5 million will be minted at a price of 0.08 SOL, and all proceeds will enter the AMM pool. After the ZERO token briefly broke through the price of 1.7 US dollars on December 15, it fell to 0.5 US dollars within two days, but it surged to 1.6 US dollars last night.
With low-cost and high-speed trading experience, Solana is becoming the new favorite in the eyes of investors. Note that the MEME market is easily dominated by FOMO emotions, and most tokens show intense capital rotation, so investment needs to be cautious.
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