#MyFirstSquarePost Hey Binance Square folks! Just dropped in. What's everyone chatting about in the crypto world today? Always up for a good discussion. 😁
ome Solana ecosystem tokens and meme coins are gaining value from SOL’s 110% rally over the past month, a sign of rising bullish expectations for the blockchain among investors. Bonk (BONK), a Solana token that began life as a meme coin in January, has surged 66% over the past 24 hours to extend a week-long rally to over 170%, data shows. Trading volumes and market capitalization have nearly tripled in a weekly period.
Such a resurgence indicates new money flowing into the Solana blockchain, especially among risk-on traders. Value locked on Solana ecosystem projects has increased to $465 million on Thursday from $300 million at the start of October, suggesting a boost in fund allocations toward decentralized applications built on the network.#Poloniex
Some Solana ecosystem tokens and meme coins are gaining value from SOL’s 110% rally over the past month, a sign of rising bullish expectations for the blockchain among investors. Bonk (BONK), a Solana token that began life as a meme coin in January, has surged 66% over the past 24 hours to extend a week-long rally to over 170%, data shows. Trading volumes and market capitalization have nearly tripled in a weekly period. Such a resurgence indicates new money flowing into the Solana blockchain, especially among risk-on traders. Value locked on Solana ecosystem projects has increased to $465 million on Thursday from $300 million at the start of October, suggesting a boost in fund allocations toward decentralized applications built on the network.#Poloniex