2024

Solana

Polygon

Daily

<ul>
 <li>Solana’s BONK memecoin gained traction, with whales accumulating.</li>
 <li>Solana network activity surged, reflecting in a massive growth in SOL’s price.</li>
</ul>
The OKX exchange recently witnessed the <a href="https://ambcrypto.com/solana-how-these-token-listings-can-help-sols-price/" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="internal">listing</a> of <a href="https://ambcrypto.com/search/Solana" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="internal">Solana [SOL]</a> tokens, including the memecoin BONK, which has been gaining significant traction within the crypto community.
<h4>Whales move in</h4>
The rising interest in BONK prompted accumulation by whales. This was exemplified by a trader’s $6.9 million profit on BONK after strategically buying and selling substantial amounts.
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 This smart trader who made ~$6.9M on <a href="https://twitter.com/search?q=%24BONK&amp;src=ctag&amp;ref_src=twsrc%5Etfw" data-wpel-link="external" target="_blank" rel="noopener noreferrer nofollow">$BONK</a> spent 386 <a href="https://twitter.com/search?q=%24SOL&amp;src=ctag&amp;ref_src=twsrc%5Etfw" data-wpel-link="external" target="_blank" rel="noopener noreferrer nofollow">$SOL</a>($40K) to buy 3.29B <a href="https://twitter.com/search?q=%24BONK&amp;src=ctag&amp;ref_src=twsrc%5Etfw" data-wpel-link="external" target="_blank" rel="noopener noreferrer nofollow">$BONK</a> again today!
 He accumulated 371.4B <a href="https://twitter.com/search?q=%24BONK&amp;src=ctag&amp;ref_src=twsrc%5Etfw" data-wpel-link="external" target="_blank" rel="noopener noreferrer nofollow">$BONK</a> in 9 months at a cost of only 6,998 <a href="https://twitter.com/search?q=%24SOL&amp;src=ctag&amp;ref_src=twsrc%5Etfw" data-wpel-link="external" target="_blank" rel="noopener noreferrer nofollow">$SOL</a>($276K) and sold half of the <a href="https://twitter.com/search?q=%24BONK&amp;src=ctag&amp;ref_src=twsrc%5Etfw" data-wpel-link="external" target="_blank" rel="noopener noreferrer nofollow">$BONK</a> during the <a href="https://twitter.com/search?q=%24BONK&amp;src=ctag&amp;ref_src=twsrc%5Etfw" data-wpel-link="external" target="_blank" rel="noopener noreferrer nofollow">$BONK</a> surge for 50,139 <a href="https://twitter.com/search?q=%24SOL&amp;src=ctag&amp;ref_src=twsrc%5Etfw" data-wpel-link="external" target="_blank" rel="noopener noreferrer nofollow">$SOL</a>($5.2M).<a href="https://t.co/pOFRD2ndI8" data-wpel-link="external" target="_blank" rel="noopener noreferrer nofollow">https://t.co/pOFRD2ndI8</a> <a href="https://t.co/lkgGm13G0e" data-wpel-link="external" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/lkgGm13G0e</a>
 — Lookonchain (@lookonchain) <a href="https://twitter.com/lookonchain/status/1744605955646783915?ref_src=twsrc%5Etfw" data-wpel-link="external" target="_blank" rel="noopener noreferrer nofollow">January 9, 2024</a>
</blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
Simultaneously, Solana experienced a remarkable surge in activity, with daily active addresses growing by an impressive 141% in the last 90 days, according to Artemis’ data.
This heightened engagement is a positive sign for the network, indicating a growing user base and increased utilization.
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 Daily active addresses have been popping off on almost every chain for the last 3 months.
 Biggest absolute increases for: 1) Solana (299K) 2) NEAR (279K) 3) Polygon (238K) 4) BNB Chain (161K) 5) ZK Sync (89K) <a href="https://t.co/1TjoX5XuF1" data-wpel-link="external" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/1TjoX5XuF1</a>
 — Haseeb ＞|＜ (@hosseeb) <a href="https://twitter.com/hosseeb/status/1744594500230746173?ref_src=twsrc%5Etfw" data-wpel-link="external" target="_blank" rel="noopener noreferrer nofollow">January 9, 2024</a>
</blockquote>
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<h4>Developments on the rise</h4>
The development front of Solana further reinforced its position in the market. The ecosystem witnessed significant progress in tooling, developer experience, and content quality.
With a monthly active developer count consistently ranging between 2500-3000 throughout 2023, Solana demonstrated its ability to attract and retain top-tier talent. Developer retention, exceeding 50%, underscores the commitment of new developers to the SOL ecosystem.
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 1/ In 2023, the Solana developer ecosystem made major advances in tooling, developer experience, &amp; quality of content.
 Today the Solana ecosystem has over 2500 monthly active developers on open source repositories and developer retention is over 50%.<a href="https://t.co/XwByL3HSuR" data-wpel-link="external" target="_blank" rel="noopener noreferrer nofollow">https://t.co/XwByL3HSuR</a><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f9f5.png" alt="🧵" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://t.co/UnglforurA" data-wpel-link="external" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/UnglforurA</a>
 — Solana (@solana) <a href="https://twitter.com/solana/status/1744408593917759993?ref_src=twsrc%5Etfw" data-wpel-link="external" target="_blank" rel="noopener noreferrer nofollow">January 8, 2024</a>
</blockquote>
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Solana’s hackathons have garnered significant participation, with more than 900 submissions in the recent Hyperdrive hackathon.
This indicates a thriving developer community and positions the network as an appealing platform for future developers.
How much are&nbsp;<a href="https://ambcrypto.com/convert/1-sol-to-usd" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="internal">1,10,100 SOLs worth today</a>?
Considering these positive developments, the token’s price reflected the overall optimism.
At press time, SOL was trading at $100.54, showing an impressive 11.2% growth in the last 24 hours.
<div id="attachment_362810" style="width: 100%" class="wp-caption aligncenter"><a href="https://statics.ambcrypto.com/wp-content/uploads/2024/01/Solana-SOL-16.30.02-09-Jan-2024.png" data-wpel-link="internal" rel="noopener noreferrer nofollow"><img aria-describedby="caption-attachment-362810" decoding="async" class="wp-image-362810 size-full" src="https://statics.ambcrypto.com/wp-content/uploads/2024/01/Solana-SOL-16.30.02-09-Jan-2024.png" alt="" width="2560" height="867" srcset="https://statics.ambcrypto.com/wp-content/uploads/2024/01/Solana-SOL-16.30.02-09-Jan-2024.png 2560w, https://statics.ambcrypto.com/wp-content/uploads/2024/01/Solana-SOL-16.30.02-09-Jan-2024-300x102.png 300w, https://statics.ambcrypto.com/wp-content/uploads/2024/01/Solana-SOL-16.30.02-09-Jan-2024-1024x347.png 1024w, https://statics.ambcrypto.com/wp-content/uploads/2024/01/Solana-SOL-16.30.02-09-Jan-2024-768x260.png 768w, https://statics.ambcrypto.com/wp-content/uploads/2024/01/Solana-SOL-16.30.02-09-Jan-2024-1536x520.png 1536w, https://statics.ambcrypto.com/wp-content/uploads/2024/01/Solana-SOL-16.30.02-09-Jan-2024-2048x693.png 2048w" sizes="(max-width: 2560px) 100vw, 2560px"></a>
 Source: Santiment
</div>
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Solana: Can memecoin BONK aid SOL’s move

AMBCrypto

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