Some tokens in the Solana ecosystem lost value as a result of profit selling by many investors.
Trading volumes on Solana-based decentralized exchanges are still billion dollars Although above, some of the most popular tokens in recent weeks have experienced significant declines.
According to CoinGecko data, meme coin BONK has increased in the last 24 hours. more than 12 percent value lost. Another project analoS (ANALOS) was completed in the same period. 62 percent decrease saw.
Solana (SOL) started to move upwards again after last night’s decline. over $110 continues to be traded. According to Coinglass data, in Solana $11.9 million long; $8.42 million short A position worth $20.3 million was liquidated in the last 24 hours.
Solana ecosystem, tokens like Bonk On Binance and Coinbase exchanges It experienced rapid growth after its listing. Meanwhile, transaction fees on the network are temporarily It surpassed Ethereum.
The slowdown in this momentum also led to declines in Orca’s token ORCA and Jito’s JTO token, which are decentralized exchanges. According to CoinGecko data, the binary is on a daily basis It lost value by 7.95 percent and 5.08 percent.