$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.

"Honey, how's that 100x memecoin going?"

Solana DePins Rally Over 30% While TradFi Platforms Suffer Outages - A Sign of the Future

DePin tokens like SHDW, RENDER, and HONEY bounced hard after chaotic market dynamics sent crypto prices tumbling.

Solana DePINs (Decentralized Physical Infrastructure Networks) once again proved their worth. Showing resilience in the face of bearish market forces, DePIN tokens have enjoyed a powerful resurgence from local bottoms, indicating strong demand.

Moreover, infrastructure outages across the world of traditional finance lend further credibility to DePINs and other decentralized services.

Daily Memecoin Recap - June 27

The market is still struggling to find a concrete meta

In this market, the key is to adapt & be versatile

Trump vs Biden Debate
$usa -> $16 .6m to $43m (2.6x from the low)
$usacto -> hit $3m , "America CTO"
$bboden -> hit $583k , POTUS as a redacted baby
$joever -> hit $550k , "It's Joever"
$sloe -> hit $450k , "Sloppy Joe"

Gavin Newsom Replacing Joe Biden
$noosum -> $1 .1m to $9 .2m (8.36x), redacted Newsom
$newsum -> $440k to $3 .4m (7.7x), another redacted Newsom
$newsom -> $91k to $2 .3m (25.5x)
- After Joe Biden's poor performance, people are saying that democrats should replace him with GavinNewsom

Viral Meme "Daddy Chill" Launch
$chill -> hit $4 .75m,

Amber Rose Launch
$muva -> hit $8 .3m,

Kimi Reaches $300m +
$kimi -> hit $330m , heavily bundled, launched on pumpdotfun
$kimi -> hit $1m , "KIMI-burn"

Cat Memes
$sc -> $3 .5m to $9 .9m (2.82x), "Star Cat", strong CTO
$bobby -> $1 .4m to $6 .6m (4.71x), CTO
$tiny -> hit $1 .7m, dev is doxxed, using his own cat

Dog Memes
$spot -> hit $1 .8m, 180+ people in vc
$bullseye -> hit $470k , "Target Dog", CTO

Long-Term Cooks
$popcat -> $220m to $625m (2.84x from the low)
$ponke -> $131m to $232 .9m (1.77x from the low)
$michi -> $44m to $155m (3.52x from the low)

More Plays
$aura -> $4 .9m to $11m (2.24x), good team
$spike -> $595k to $1 .8m (3x), another $spike launched which seemed like a honeypot, people bought into the OG spike for a bounce
$moonwif -> $120k to $420k (3.5x), launched on dexscreener's moonshot
$otty -> hit $1 .8m, Otter Meme, CTO

CTO's are a meta in & of itself.

Most of these CTO coins would not have pumped as much if the dev never sold

Daily Memecoin Recap - June 18

Low volume day compared to yesterday

Still some good plays

Heavy Hitters
$billy -> $17 .33m to $64 .4m (3.71x), continues to get pushed by whales
$wolf -> $16m to $61m (3.81x), controlled supply by a good team = bullish

Dog meta on top
$holdy -> hit $4m , CTO
$jotchua -> hit $2 .7m
$henry -> hit $1 .7m, CTO
$booper -> hit $1 .7m, good team
$shibby -> hit $774k , CTO
$pawtus -> hit $593k ,
POTUS + dog meta, CTO
$bunny -> hit $590k , CTO
$honey -> hit $525k
$peep -> hit $512k

Martin Shkreli bets that $djt is really Trump's coin
- GCR offered to bet $100m
-
zachxbt is exposing $djt & insiders
-
MartinShkreli is exposed for being related to the $djt launch

Trump Rally
$maga -> hit $2m , "maganomics"
- Trump had a rally today, people were speculating on him to talk about $djt /crypto

Others
$diamond -> $256k to $1 .4m (5.47x), "diamond hands"

$chippy -> hit $7m , big KOLs supporting
$wig -> hit $2 .3m
$pvidia -> hit $724k , $pepe + $nvidia

One day market is hot, next day market is dead

Let's see what tomorrow brings🤝

Solana DEPIN has become one of the biggest narratives there is with projects like Render, Hivemapper and Helium leading at the fore front.

They've each experienced massive growth recently with:
1. Render rewards are up by about 34% since their migration to Solana

2. Hivemapper mapped 21% of the globe

3. About 30% of HONEY owners are contributors rather than mere token holders

4. Helium has a total subscription count of over 90,000 Mobile subscribers.