{"id":362796,"date":"2024-01-10T05:00:16","date_gmt":"2024-01-09T23:30:16","guid":{"rendered":"https:\/\/ambcrypto.com\/?p=362796"},"modified":"2024-01-09T19:26:17","modified_gmt":"2024-01-09T13:56:17","slug":"solana-can-memecoin-bonk-aid-with-sols-move-north","status":"publish","type":"post","link":"https:\/\/ambcrypto.com\/solana-can-memecoin-bonk-aid-with-sols-move-north\/","title":{"rendered":"Solana: Can memecoin BONK aid SOL&#8217;s move"},"content":{"rendered":"<ul>\n<li><em>Solana&#8217;s BONK memecoin gained traction, with whales accumulating.<\/em><\/li>\n<li><em>Solana network activity surged, reflecting in a massive growth in SOL&#8217;s price.<\/em><\/li>\n<\/ul>\n<p>The OKX exchange recently witnessed the <a href=\"http:\/\/ambcrypto.com\/solana-how-these-token-listings-can-help-sols-price\/\" target=\"_blank\" rel=\"noopener\">listing<\/a> of Solana [SOL] tokens, including the memecoin BONK, which has been gaining significant traction within the crypto community.<\/p>\n<h4><strong>Whales move in<\/strong><\/h4>\n<p>The rising interest in BONK prompted accumulation by whales. This was exemplified by a trader&#8217;s $6.9 million profit on BONK after strategically buying and selling substantial amounts.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">This smart trader who made ~$6.9M on <a href=\"https:\/\/twitter.com\/search?q=%24BONK&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$BONK<\/a> spent 386 <a href=\"https:\/\/twitter.com\/search?q=%24SOL&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$SOL<\/a>($40K) to buy 3.29B <a href=\"https:\/\/twitter.com\/search?q=%24BONK&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$BONK<\/a> again today!<\/p>\n<p>He accumulated 371.4B <a href=\"https:\/\/twitter.com\/search?q=%24BONK&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$BONK<\/a> in 9 months at a cost of only 6,998 <a href=\"https:\/\/twitter.com\/search?q=%24SOL&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$SOL<\/a>($276K) and sold half of the <a href=\"https:\/\/twitter.com\/search?q=%24BONK&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$BONK<\/a> during the <a href=\"https:\/\/twitter.com\/search?q=%24BONK&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$BONK<\/a> surge for 50,139 <a href=\"https:\/\/twitter.com\/search?q=%24SOL&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$SOL<\/a>($5.2M).<a href=\"https:\/\/t.co\/pOFRD2ndI8\">https:\/\/t.co\/pOFRD2ndI8<\/a> <a href=\"https:\/\/t.co\/lkgGm13G0e\">pic.twitter.com\/lkgGm13G0e<\/a><\/p>\n<p>&mdash; Lookonchain (@lookonchain) <a href=\"https:\/\/twitter.com\/lookonchain\/status\/1744605955646783915?ref_src=twsrc%5Etfw\">January 9, 2024<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>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&#8217; data.<\/p>\n<p>This heightened engagement is a positive sign for the network, indicating a growing user base and increased utilization.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Daily active addresses have been popping off on almost every chain for the last 3 months. <\/p>\n<p>Biggest absolute increases for:<br \/>1) Solana (299K)<br \/>2) NEAR (279K)<br \/>3) Polygon (238K)<br \/>4) BNB Chain (161K)<br \/>5) ZK Sync (89K) <a href=\"https:\/\/t.co\/1TjoX5XuF1\">pic.twitter.com\/1TjoX5XuF1<\/a><\/p>\n<p>&mdash; Haseeb \uff1e|\uff1c (@hosseeb) <a href=\"https:\/\/twitter.com\/hosseeb\/status\/1744594500230746173?ref_src=twsrc%5Etfw\">January 9, 2024<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<h4><strong>Developments on the rise<\/strong><\/h4>\n<p>The development front of Solana further reinforced its position in the market. The ecosystem witnessed significant progress in tooling, developer experience, and content quality.<\/p>\n<p>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.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">1\/ In 2023, the Solana developer ecosystem made major advances in tooling, developer experience, &amp; quality of content.<\/p>\n<p>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\">https:\/\/t.co\/XwByL3HSuR<\/a>\ud83e\uddf5 <a href=\"https:\/\/t.co\/UnglforurA\">pic.twitter.com\/UnglforurA<\/a><\/p>\n<p>&mdash; Solana (@solana) <a href=\"https:\/\/twitter.com\/solana\/status\/1744408593917759993?ref_src=twsrc%5Etfw\">January 8, 2024<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Solana&#8217;s hackathons have garnered significant participation, with more than 900 submissions in the recent Hyperdrive hackathon.<\/p>\n<p>This indicates a thriving developer community and positions the network as an appealing platform for future developers.<\/p>\n<hr \/>\n<p style=\"text-align: center;\">How much are\u00a01,10,100 SOLs worth today?<\/p>\n<hr \/>\n<p>Considering these positive developments, the token&#8217;s price reflected the overall optimism.<\/p>\n<p>At press time, SOL was trading at $100.54, showing an impressive 11.2% growth in the last 24 hours.<\/p>\n<figure id=\"attachment_362810\" aria-describedby=\"caption-attachment-362810\" style=\"width: 2560px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/01\/Solana-SOL-16.30.02-09-Jan-2024.png\"><img decoding=\"async\" class=\"wp-image-362810 size-full\" src=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/01\/Solana-SOL-16.30.02-09-Jan-2024.png\" alt=\"\" width=\"2560\" height=\"867\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/01\/Solana-SOL-16.30.02-09-Jan-2024.png 2560w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/01\/Solana-SOL-16.30.02-09-Jan-2024-300x102.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/01\/Solana-SOL-16.30.02-09-Jan-2024-1024x347.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/01\/Solana-SOL-16.30.02-09-Jan-2024-768x260.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/01\/Solana-SOL-16.30.02-09-Jan-2024-1536x520.png 1536w, https:\/\/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><figcaption id=\"caption-attachment-362810\" class=\"wp-caption-text\">Source: Santiment<\/figcaption><\/figure>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Whales amass BONK on Solana as network activity skyrockets, fostering a remarkable surge in SOL&#8217;s price.<\/p>\n","protected":false},"author":73,"featured_media":362813,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"footnotes":""},"categories":[31,66,3,4,20],"tags":[],"class_list":["post-362796","post","type-post","status-publish","format-standard","has-post-thumbnail","category-altcoins-news","category-new-news","category-news","category-social","category-trading-view"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.4) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Solana: Can memecoin BONK aid SOL&#039;s move - AMBCrypto<\/title>\n<meta name=\"description\" content=\"Solana&#039;s BONK memecoin attracts whales, fueling network growth. 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