Solana (SOL), the public blockchain, continues to show strong performance, currently soaring above $110. Its ecosystem and meme coin “Analos” have also seen a significant increase in price, surging nearly 2,900% from its lowest point.
(Summary:
Recalling the history of DePIN before the Helium explosion: STEPN, Bitcoin, and Arweave
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(Background:
SOL approaches the $100 mark! Solana’s market cap surpasses BNB, rising to become the fourth largest cryptocurrency
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Solana (SOL) has been showing strong performance since mid-October, and this upward trend seems to be unstoppable. It has skyrocketed from $23 to $116. Along with the rise of $SOL, its ecosystem and meme coins have also gained widespread attention in the market.
Further reading:
Solana’s meme coin “Silly” surges 60% in a single day, surpassing a market cap of $100 million, hinting at NFT release?
Solana’s meme coin “Analos” surges in reverse
Recently, the price of Analos, a meme token in Solana’s ecosystem, has seen a significant increase. Its simple and straightforward name, which is simply Solana spelled backward, has attracted market attention. According to Coingecko data, in just 4 days since Analos was launched, its price has surged nearly 2,900%, with a 24-hour increase of over 110%, reaching $0.00192381.
Analos surges 110% in the past 24 hours | Source: Coingecko
From $900 to $3.47 million: the myth of getting rich
According to Lookonchain data, a trader made a profit of $3.47 million in just 4 days by trading $ANALOS, achieving an astonishing increase of over 3,800 times.
First, the trader bought 2.6 billion $ANALOS tokens with 12 $SOL (equivalent to $900). Then, the trader successfully sold 1.45 billion $ANALOS at a price of 1.43 million $USDC. Despite having unsold $ANALOS, the trader has already realized enormous profits.
Currently, the trader still holds 1.12 billion $ANALOS tokens, estimated to be worth around $2.04 million. This means that the total profit is close to $3.47 million.
In fact, Analos has gained attention not only from retail investors. Today (25th), Analos announced that it has received a significant investment of $1 million from the well-known hedge fund Gotbit Hedge Fund. This funding will be used to launch a large-scale token buyback program, and all repurchased $ANALOS will be allocated to Analos’ treasury. The team stated that these tokens will be used for various future activities, including listing on new exchanges, marketing campaigns, airdrops, etc., to promote the overall development of the project.
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Tags:
Analos
SOL
Solana