$HONEY , $MPLX , $CROWN Lead Solana Ecosystem Token Performance During Breakpoint
Which native tokens outperformed the market during Solana Breakpoint 2024?

Solana Breakpoint delivered a bounty of massive announcements not only for Solana, but also for a host of applications and projects building in the ecosystem.

However, market dynamics don’t always line up with protocol updates. Hype and speculation can push prices up ahead of the event, only to be met with disappointing price action when teams don’t deliver the news traders are hoping to hear.

On the other hand, projects that were ignored by speculative traders can enjoy solid price appreciation when they deliver unexpected announcements.

In the eyes of the market, who were Solana Breakpoint’s best and worst performers?

Solana Breakpoint Market Dynamics
To illustrate market dynamics during Breakpoint, analysts compiled and analyzed price data from 20 key projects in the ecosystem. Tokens were shortlisted from the following criteria:

In the industry’s top 1,000 tokens by market capitalization.

Made announcements, or participated in Breakpoint panels and debates.

If not presenting at the event, proven ecosystem OGs like Orca and Raydium were included.

Other than BONK Memecoins were excluded. BONK’s inclusion is due to its announcements and significant presence at the event.

Using Step Finance data, prices were pulled from Breakpoint’s opening and compared that with the price recorded at the closure of the event.

While the market anticipated big announcements from the likes of Jupiter and Sanctum, it was the projects that no one expected updates from who performed the best. $HONEY , $MPLX , and $CROWN outperformed the market, while most of the ecosystem remained largely unchanged.

Hivemapper, the company behind $HONEY , shared impressive growth statistics. The DePIN protocol has successfully mapped over 26% of the world’s road network and now sells mapping data to three of the ten largest mapmakers.

Metaplex, one of Solana’s longest-standing infrastructure providers, held a stealthy presentation in The Pod, one of Breakpoint’s smaller spaces. During the session, Metaplex teased the upcoming launch of the Metaplex Aura Network, a mysterious new addition to Metaplex’s product suite.

Finally, Photo Finish announced that its mobile app was approved for distribution on the Apple App Store. According to Photo Finish CEO, this makes the app the world’s first real-money horse racing mobile game approved by Apple.

However, Breakpoint is a relatively short event with plenty of other dynamics influencing price movements. For example, $CLOUD’s appears to have traded sideways during Breakpoint, but it needs to be said that the asset enjoyed an impressive surge both before and after the event.

Despite stale price action throughout Breakpoint, $CLOUD is up 67% on a weekly time frame and has been one of the Solana ecosystem’s best performers, based on Step Finance data.

Daily Memecoin Recap - August 7

Volume starting to pick up as $btc , $sol recover

Runners Of The Day
$btw -> $1 .6m to $15 .6m (9.75x), banana taped to a wall, after pulling back yesterday, reached new ATH's today, good community
$nani -> hit $3m , KOLs in, dog meme
$minion -> hit $2 .8m, "Jesus Minion Confessions", unique concept where they post people's confessions
$chango -> hit $2 .3m, monkey with a machine gun
$jajak -> hit $1 .4m, funny meme
$tt -> hit $1m , "Thumb Thumb", spy kids meme

Insider Trump Coin
$twc -> hit $5 .5m, "Trumpwifcrown"
- Speculation that this was Trump's coin after Eric Trump's tweet saying "Stay tuned for a big announcement"
- Heavily sniped with insane volume, currently at $50k
- Plenty of smart wallets aped

Kamala Harris Announces Her VP Pick
$coconut -> $5m to $11 .3m (2.26x), KamalaHarris
, cult community, new ATH
$walz -> $315k to $2m (6.35x), based on Tim_Walz

Dog Meta
$wDOG -> $12m to $26m (2.16x), wrapped dog, currently retracing
$bicho -> $93k to $1 .8m (19x), coin out since June but heavily pushed today, $michi beta
$drc -> hit $995k , "Dog Riding Chicken", CTO
$pitbull -> hit $720k
$pooku -> hit $645k , CTO
$borf -> hit $475k , cartoon dog
$waffles -> hit $220k

Cat Meta
$neo -> hit $1 .8m, "The one", cat + matrix
$apple -> hit $340k , a cat with an apple
$icd -> hit $250k , "International Cat Day" is today

Other Cooks
$fiat -> hit $500k
$sheep -> hit $465k , same dev as $goat which peaked at $45m
$slog -> hit $370k , snail meme
$rockstar -> hit $240k , rock shaped like a star

What did you catch?

NFT trading volume on Solana has skyrocketed in the last 24 hours, flipping Ethereum to reclaim the crown and lead the cryptocurrency industry in daily NFT trading volume.

What’s driving the surge of interest?

Mad Lads, Solana Monkey Business Capture Market Share as Trading Volume Soars.

Here are the most bullish narratives you should pay attention this Q3.

🐶 Memes
• $WIF
• $PEPE
• $PEIPEI
• $POPCAT
• $MOG
• $MICHI
• $PONK

🏛️ RWAs
• $ONDO
• $RIO
• $CHEX
• $IXS
• $BOSON
• $LAND

🤖 AIs
• $TAO
• $QUBIC
• $RNDR
• $PAAL
• $ASI
• $FET

🔶 BTCFi
• $STAMP
• $BILLY
• $RSIC
• $PUPS
• $MUBI

⚙️ L1s
• $KAS
• $SOL
• $INJ
• $DIONE
• $ALPH
• $TRIAS
• $TON

🎮 Gaming
• $KARRAT
• $NAKA
• $KATA
• $CROWN
• $METAL
• $BRN
• $UPO

📲Social network

• $BULL

🪙 Others
• $ATOR
• $VELO
• $GHX
• $JASMY
• $CSIX
• $ROSE

Did I miss anything fam?