- Cryptocurrencies built on the Solana blockchain have had good performance in the last seven days.
- SOL may drop to $55 due to increasing bearish momentum.
- Solana’ TVL decreased, but a revival could SOL and its underlying tokens back in the spotlight.
Tokens developed under the Solana (SOL) blockchain have been pumping, according to a recent revelation by tehMoonwalkeR, a crypto analyst on X. To arrive at this conclusion, tehMoonwalkeR checked out the prices of some of the tokens.
If you want to see a graveyard check out $SOL tokens on @CoinMarketCapits funny because many of them are pumping now because $SOL tokens are hot again, but 90% of them stopped posting 1-2 years ago
shows that projects that launch on a chain "cause its trendy" are usually not… pic.twitter.com/ckYRg7xM8e
— tehMoonwalkeR (@tehMoonwalkeR) November 18, 2023
For instance, tokens like Sator (SAO) have increased by 26.20% in the last seven days. A closer look at the image above also showed that VisionGame (VISION) jumped by an incredible 123.36% within the same period.
Looking Out for Solana
The analyst, was, however…
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