15 days ago
Continuing to defy the expectations of the wider crypto market, Solana has outperformed digital asset rivals like Bitcoin ($BTC) and Ethereum ($ETH).
During a forgettable week for crypto markets, Solana has bucked the bearish trend, enjoying positive inflows amidst a sea of red.
SOL LEADS WEEKLY INFLOWS ACROSS TOP DIGITAL ASSETS
While much of the crypto market succumbed to bearish forces last week, Solana showed plenty of resilience. According to CoinShares data, Solana digital asset products attracted over $7 .6M in net inflows, outperforming both Bitcoin (-$319M) and Layer 1 rival Ethereum (-$5.7M).
However, despite positive inflows in digital asset products, $SOL price suffered a significant decline. Over the past week, Solana has dropped 15.45%, sliding from $157 .2 to currently exchange hands at $132 .91, based on Step Finance data.
In this sense, Solana has underperformed both $BTC and $ETH , which lost 7.5% and 7.3% respectively over the same period.
The diverging trends highlight a curious dynamic. Despite Solana suffering a more significant price drop than both $BTC and $ETH , institutional inflows for Solana-based digital asset products were positive.
Solana’s favorable performance suggests higher demand from institutional investors and traders, who are taking advantage of turbulent market conditions to establish positions heading into Q4.
Alternatively, the comparatively smaller range of Solana-based products allows for a reduced sample size, which could skew results. The abundance and accessibility of Bitcoin and Ethereum ETFs mean that these assets are likely to witness more consistent trading behavior.
MONTHLY STABLECOIN INFLOWS INCREASE BY 21%
Beyond positive digital asset product inflows, the Solana network also enjoyed increased stablecoin flows.
Having continually grown throughout 2024, Solana’s monthly stablecoin inflows increased by 21%, rising from $371M in July to $449M in August.
The growth indicates a growing desire for greater liquidity onchain. The trend is further supported by an increase in the total value of bridged assets arriving on the Solana network.
According to data provided by deBridge and Artemis, over $345M worth of assets were bridged to Solana from alternative chains, a 23% increase from the $280M bridged in July. August’s bridge traffic included over $279M from Ethereum, the industry’s largest Layer 1 network.
The inflow of capital suggests that investors and traders could be eager to establish positions in both Solana’s thriving DeFi scene and the ecosystem’s native tokens. With increased liquidity arriving onchain, network participants hope that the Solana ecosystem can maintain its bullish trajectory in Q4.
During a forgettable week for crypto markets, Solana has bucked the bearish trend, enjoying positive inflows amidst a sea of red.
SOL LEADS WEEKLY INFLOWS ACROSS TOP DIGITAL ASSETS
While much of the crypto market succumbed to bearish forces last week, Solana showed plenty of resilience. According to CoinShares data, Solana digital asset products attracted over $7 .6M in net inflows, outperforming both Bitcoin (-$319M) and Layer 1 rival Ethereum (-$5.7M).
However, despite positive inflows in digital asset products, $SOL price suffered a significant decline. Over the past week, Solana has dropped 15.45%, sliding from $157 .2 to currently exchange hands at $132 .91, based on Step Finance data.
In this sense, Solana has underperformed both $BTC and $ETH , which lost 7.5% and 7.3% respectively over the same period.
The diverging trends highlight a curious dynamic. Despite Solana suffering a more significant price drop than both $BTC and $ETH , institutional inflows for Solana-based digital asset products were positive.
Solana’s favorable performance suggests higher demand from institutional investors and traders, who are taking advantage of turbulent market conditions to establish positions heading into Q4.
Alternatively, the comparatively smaller range of Solana-based products allows for a reduced sample size, which could skew results. The abundance and accessibility of Bitcoin and Ethereum ETFs mean that these assets are likely to witness more consistent trading behavior.
MONTHLY STABLECOIN INFLOWS INCREASE BY 21%
Beyond positive digital asset product inflows, the Solana network also enjoyed increased stablecoin flows.
Having continually grown throughout 2024, Solana’s monthly stablecoin inflows increased by 21%, rising from $371M in July to $449M in August.
The growth indicates a growing desire for greater liquidity onchain. The trend is further supported by an increase in the total value of bridged assets arriving on the Solana network.
According to data provided by deBridge and Artemis, over $345M worth of assets were bridged to Solana from alternative chains, a 23% increase from the $280M bridged in July. August’s bridge traffic included over $279M from Ethereum, the industry’s largest Layer 1 network.
The inflow of capital suggests that investors and traders could be eager to establish positions in both Solana’s thriving DeFi scene and the ecosystem’s native tokens. With increased liquidity arriving onchain, network participants hope that the Solana ecosystem can maintain its bullish trajectory in Q4.
2 months ago
Daily Memecoin Recap - July 29
Great volume today
Market is seriously picking back up, keep reading 👇
Rug Turns Into A Community Relaunch
$fwog -> hit $17m , community relaunch, $eth whales pushing
$flog -> hit $4 .11m, rug
$fwog -> hit $300k , OG fwog launched June 5th
- $flog launched and rugged, the artist was mad and decided to relaunch as $fwog
- This was the runner of the day
Zoomer Memes
$ong -> $7m to $25m (3.6x), 3% of supply has been locked up for 6 months ($350k)
$higher -> $500k to $2 .5m (5x), good CTO
$bro -> hit $1m , "It's a CTO bro"
$stoic -> hit $750k
$aylmao -> hit $616k
Smoking Chicken Fish Is Taking Over
$scf -> $47m to $107m (2.27x)
$scf -> hit $616k , OG smoking chicken fish from 2023
Buck To A Buck
$buck -> hit $4 .75m, CTO, dog meme, once this buck started moving, people started pushing around the OG one (which was previously inactive)
$buck -> hit $1m , OG buck
$dolla -> hit $600k , $buck derivative
Ginnan Is A Boy
$ginnan -> $16m to $44 .5m (2.78x), "Ginnan Doge's Sister"
$ginnan -> hit $2 .5m, "Ginnan Doge's Brother"
- "Ginnan Doge's Sister" ran to $40m +, but turns out that Ginnan is a boy which means that he's Doge's brother (not sister)
Dogecoin meta
$neiro -> $38 .5m to $82m (2.1x)
$suji -> $65k to $1 .5m (23x), Tsutsuji, "Doge's sister cat"
$MoM -> hit $3 .45m, "Mother of Memecoins", CTO, coin about $doge & $neiro 's mom
$oni -> hit $900k , cat meme, " $doge 's cat "
Dog Memes
$pupperfish -> hit $5m , viral dogfish
$nichi -> hit $1 .6m
$snuggy -> hit $510k , CTO
$dolly -> hit $450k
Cat Memes
$gpc -> hit $1m , "GoProCat", based on what a1lon9 (pumpfun's founder) said in an interview
$meo -> hit $885k , Chinese meme
$cc -> hit $500k , cult cate, has been made before
$chester -> hit $500k
$incel -> hit $440k
Other Cooks
$jet -> hit $775k , "Sardine 737"
$gigana -> hit $250k , woman $giga , CTO
$pumpy -> hit $220k
Imagine what happens when retail starts using trojan, BullX, photon, etc...
Great volume today
Market is seriously picking back up, keep reading 👇
Rug Turns Into A Community Relaunch
$fwog -> hit $17m , community relaunch, $eth whales pushing
$flog -> hit $4 .11m, rug
$fwog -> hit $300k , OG fwog launched June 5th
- $flog launched and rugged, the artist was mad and decided to relaunch as $fwog
- This was the runner of the day
Zoomer Memes
$ong -> $7m to $25m (3.6x), 3% of supply has been locked up for 6 months ($350k)
$higher -> $500k to $2 .5m (5x), good CTO
$bro -> hit $1m , "It's a CTO bro"
$stoic -> hit $750k
$aylmao -> hit $616k
Smoking Chicken Fish Is Taking Over
$scf -> $47m to $107m (2.27x)
$scf -> hit $616k , OG smoking chicken fish from 2023
Buck To A Buck
$buck -> hit $4 .75m, CTO, dog meme, once this buck started moving, people started pushing around the OG one (which was previously inactive)
$buck -> hit $1m , OG buck
$dolla -> hit $600k , $buck derivative
Ginnan Is A Boy
$ginnan -> $16m to $44 .5m (2.78x), "Ginnan Doge's Sister"
$ginnan -> hit $2 .5m, "Ginnan Doge's Brother"
- "Ginnan Doge's Sister" ran to $40m +, but turns out that Ginnan is a boy which means that he's Doge's brother (not sister)
Dogecoin meta
$neiro -> $38 .5m to $82m (2.1x)
$suji -> $65k to $1 .5m (23x), Tsutsuji, "Doge's sister cat"
$MoM -> hit $3 .45m, "Mother of Memecoins", CTO, coin about $doge & $neiro 's mom
$oni -> hit $900k , cat meme, " $doge 's cat "
Dog Memes
$pupperfish -> hit $5m , viral dogfish
$nichi -> hit $1 .6m
$snuggy -> hit $510k , CTO
$dolly -> hit $450k
Cat Memes
$gpc -> hit $1m , "GoProCat", based on what a1lon9 (pumpfun's founder) said in an interview
$meo -> hit $885k , Chinese meme
$cc -> hit $500k , cult cate, has been made before
$chester -> hit $500k
$incel -> hit $440k
Other Cooks
$jet -> hit $775k , "Sardine 737"
$gigana -> hit $250k , woman $giga , CTO
$pumpy -> hit $220k
Imagine what happens when retail starts using trojan, BullX, photon, etc...
3 months ago
Daily Memecoin Recap - June 26
We never know how long a hot market will last
Take advantage of all opportunities
Political Coins
$vunce -> hit $682k , based on JDVance1
, potential for him to become Trump's VP
$debate -> hit $510k , realDonaldTrump vs POTUS
debate is tomorrow
Amber Rose Launching Soon
$amber -> hit $685k , DaRealAmberRose
, she has NOT launched yet
$muva -> hit $510k
- Fake coins coming out
- People are speculating that her coin might have already launched
- Important to note, $jason was rugged by Sahil & Jason Derulo then "CTO'd" that coin
- People are now waging that the same playbook will be ran by other influencers
Jason Derulo Engages with Crypto Twitter
$jason -> $11 .5m to $36 .8m (3.2x),
$ice -> hit $500k , Jason's Dog
Influencer Coins
$lilpump -> $2 .32m to $5 .5m (2.37x), coming back to life as
lilpump tries to push it $faddy -> hit $1 .6m,
Cat Memes
$sc -> $325k to $5 .4m (13.23x)
$bobby -> hit $3 .3m, good CTO team
$gloop -> hit $2 .3m, instantly ran to millions after migrating to raydium
$ichi -> hit $595k , when you search "cat", this is the first one to pop up on Google, CTO
Moni Secures a Gotbit Partnership
$moni -> hit $17 .1m, bird meme,
Hawk Tuah Still Alive
$HawkTuah -> $5 .29m to $15 .5m (2.93x),
elonmusk posted a picture of a hawk
More Cooks
$bucky -> $4 .5m to $24 .5m (5.44x), good team
$gol -> $465k to $5m (10.75x), dead coin came back to life
$zaza -> $590k to $2m (3.39x), slowly climbing towards ATH
$sprite -> $400k to $1 .1m (2.75x), "McDonald's Sprite"
$gond -> hit $1 .8m
$ily -> hit $970k , CTO on an old coin
$saudi -> hit $808k , "Saudi Habibi"
$ham -> hit $800k , "first ape on the moon", launched on
dexscreener's moonshot
$cart -> hit $735k , Target Cart Basket
Remember to prioritize risk management at all times
You should not be stressed while in a trade as this will make you act emotionally
Happy Trading🤝
We never know how long a hot market will last
Take advantage of all opportunities
Political Coins
$vunce -> hit $682k , based on JDVance1
, potential for him to become Trump's VP
$debate -> hit $510k , realDonaldTrump vs POTUS
debate is tomorrow
Amber Rose Launching Soon
$amber -> hit $685k , DaRealAmberRose
, she has NOT launched yet
$muva -> hit $510k
- Fake coins coming out
- People are speculating that her coin might have already launched
- Important to note, $jason was rugged by Sahil & Jason Derulo then "CTO'd" that coin
- People are now waging that the same playbook will be ran by other influencers
Jason Derulo Engages with Crypto Twitter
$jason -> $11 .5m to $36 .8m (3.2x),
$ice -> hit $500k , Jason's Dog
Influencer Coins
$lilpump -> $2 .32m to $5 .5m (2.37x), coming back to life as
lilpump tries to push it $faddy -> hit $1 .6m,
Cat Memes
$sc -> $325k to $5 .4m (13.23x)
$bobby -> hit $3 .3m, good CTO team
$gloop -> hit $2 .3m, instantly ran to millions after migrating to raydium
$ichi -> hit $595k , when you search "cat", this is the first one to pop up on Google, CTO
Moni Secures a Gotbit Partnership
$moni -> hit $17 .1m, bird meme,
Hawk Tuah Still Alive
$HawkTuah -> $5 .29m to $15 .5m (2.93x),
elonmusk posted a picture of a hawk
More Cooks
$bucky -> $4 .5m to $24 .5m (5.44x), good team
$gol -> $465k to $5m (10.75x), dead coin came back to life
$zaza -> $590k to $2m (3.39x), slowly climbing towards ATH
$sprite -> $400k to $1 .1m (2.75x), "McDonald's Sprite"
$gond -> hit $1 .8m
$ily -> hit $970k , CTO on an old coin
$saudi -> hit $808k , "Saudi Habibi"
$ham -> hit $800k , "first ape on the moon", launched on
dexscreener's moonshot
$cart -> hit $735k , Target Cart Basket
Remember to prioritize risk management at all times
You should not be stressed while in a trade as this will make you act emotionally
Happy Trading🤝
3 months ago
Daily Memecoin Recap - June 25
Volume rotates back into memes as $sol pumps
First PumpFun coin to $1b +
$dorae -> hit $2b
$dorami -> hit $1m , "Doraemon's little sister"
- Many are very confused where this came from
- Extremely bundled (98% of supply bought by the dev)
- Less than 1000 holders
- Weird market cap vs liquidity ratio
Influencer Coins
$jason -> $5 .4m to $17 .9m (3.31x),
jasonderulo makes content promoting his new token
$lilpump -> $1 .1m to $3 .14m (2.85x)
$metal -> hit $2 .8m, Metallica got hacked, the hacker was posting a bunch of tweets promoting $metal . These have now been deleted
$mini -> hit $1 .7m, NSFW airikaca launch
$amber -> hit $530k ,
DaRealAmberRose hints at a launch (she has not officially launched yet), Sahil (notorious scammer) launches his own
$purpp -> hit $500k , smokepurpp launch
First Movers on Moonshot
$first -> $1 .73m to $8 .7m (5.02x), first coin on
dexscreener's moonshot $mc -> hit $7 .4m, MoonCat, "first meme cat launched on moonshot"
$md -> hit $998k , "MoonDog", CTO
$vivook -> hit $3 .9m, redacted VivekGRamaswamy
, new speculation arises that Vivek might become realDonaldTrump VP $truth -> hit $509k , Vivek's slogan
Animal Memes
$doogle -> $960k to $3 .61m (3.76x), good team
$bucky -> hit $8 .7m, rumors that it's the same team as $ponke
$sc -> hit $2m , "Star Cat", supported by MeteoraAG
$him -> hit $1 .7m, Asian + Cat meta, CTO
$chuck -> hit $478k , dog meme
More Cooks
$nobita -> hit $1 .3m, CTO
$sprite -> hit $630k , "McDonald's Sprite"
$caviar -> hit $491k , good team
$jar -> hit $425k , based on
aeyakovenko's tweet
It's clear that the memecoin space is highly dependent on majors
When majors pump, memecoin volume increases & vice versa
Volume rotates back into memes as $sol pumps
First PumpFun coin to $1b +
$dorae -> hit $2b
$dorami -> hit $1m , "Doraemon's little sister"
- Many are very confused where this came from
- Extremely bundled (98% of supply bought by the dev)
- Less than 1000 holders
- Weird market cap vs liquidity ratio
Influencer Coins
$jason -> $5 .4m to $17 .9m (3.31x),
jasonderulo makes content promoting his new token
$lilpump -> $1 .1m to $3 .14m (2.85x)
$metal -> hit $2 .8m, Metallica got hacked, the hacker was posting a bunch of tweets promoting $metal . These have now been deleted
$mini -> hit $1 .7m, NSFW airikaca launch
$amber -> hit $530k ,
DaRealAmberRose hints at a launch (she has not officially launched yet), Sahil (notorious scammer) launches his own
$purpp -> hit $500k , smokepurpp launch
First Movers on Moonshot
$first -> $1 .73m to $8 .7m (5.02x), first coin on
dexscreener's moonshot $mc -> hit $7 .4m, MoonCat, "first meme cat launched on moonshot"
$md -> hit $998k , "MoonDog", CTO
$vivook -> hit $3 .9m, redacted VivekGRamaswamy
, new speculation arises that Vivek might become realDonaldTrump VP $truth -> hit $509k , Vivek's slogan
Animal Memes
$doogle -> $960k to $3 .61m (3.76x), good team
$bucky -> hit $8 .7m, rumors that it's the same team as $ponke
$sc -> hit $2m , "Star Cat", supported by MeteoraAG
$him -> hit $1 .7m, Asian + Cat meta, CTO
$chuck -> hit $478k , dog meme
More Cooks
$nobita -> hit $1 .3m, CTO
$sprite -> hit $630k , "McDonald's Sprite"
$caviar -> hit $491k , good team
$jar -> hit $425k , based on
aeyakovenko's tweet
It's clear that the memecoin space is highly dependent on majors
When majors pump, memecoin volume increases & vice versa
4 months ago
Holders, buckle up!
We've got BIG plans for the VIP pass, and I'm committed to making both VIPs & Virulent holders Proud!
Not a VIP holder yet? Don't miss out! Mint yours before they're gone! 👉http://tinyurl.com/VIRULEN...
#NFT #NFTartwork #Solana #bullish
We've got BIG plans for the VIP pass, and I'm committed to making both VIPs & Virulent holders Proud!
Not a VIP holder yet? Don't miss out! Mint yours before they're gone! 👉http://tinyurl.com/VIRULEN...
#NFT #NFTartwork #Solana #bullish
Virulent VIP ACCESS PASS | LaunchMyNFT
Virulent VIP ACCESS PASS: Unlock Exclusive Rewards & Free Mints! Royalty splits, staking, discounts, airdrops, weekly giveaways & MORE! + Team reward! Your key to the Virulent NFT ecosystem!
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