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Solana (SOL) Based Dogecoin Competitor Surges 4,838% In Wild Crypto Breakout

Delbert Williams IIBy No Comments2 Mins Read

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Despite the recent struggles of the SOL ecosystem, dog-themed cryptocurrencies built on the smart contract platform Solana (SOL) are proliferating.

The new Dogecoin (DOGE) and Shiba Inu (SHIB) rival BONK has turned in big profits since its debut on December 29, 2022.

Meme assets rose from a weekly low of $0.00000008889 to a Thursday high of $0.00000439, a massive 4,838% increase.

BONK has since come back and has $0.000002 at the time of this writing, up 1,665% over the past week and down 38.73% over the past 24 hours. BONK’s rally comes when Solana falls more than 94% from its all-time high of $259.

Last week, SOL and related crypto assets were delisted from wealth management platform Matrixport, even saying they would never list SOL products again.

The news sent Solana down to $8.27 at the time. Ethereum (ETH) competitors have since stabilized, with hers hovering at $13.26 at the time of writing and he’s up 60% over the past week.

Solana’s small recovery came after its developer received words of encouragement from ETH creator and billionaire Vitalik Buterin.

Earlier this week, Buterin said the future looks good for Solana as the “opportunistic” money that was put into it has been washed away.

“Some wise people tell me that Solana has a serious and wise developer community. And now that the terrible opportunistic money people have been washed away, the chain is bright There’s a future, it’s hard for me to see [the] I hope the community gets a fair chance to thrive, albeit outside. ”

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Disclaimer: Opinions expressed on The Daily Hodl are not investment advice. Investors should exercise caution before making risky investments in Bitcoin, cryptocurrencies or digital assets. Please note that your money transfers and transactions are made at your own risk and you are responsible for any losses you may incur. The Daily Hodl does not endorse the buying or selling of cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. The Daily Hodl participates in affiliate marketing.

Featured image: Shutterstock/Sensvector
Generated image: In the middle of the journey



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Born in the early 80s in Milwaukee, Wisconsin, Delbert Williams II has always had a passion for writing. Even in high school, he earned excellent grades in English and writing classes. After attending John Marshall High School, he graduated from Project Stay Alternative High School in Milwaukee. From there, Delbert attended Milwaukee Area Technical College, where he studied music and communications. While he enjoyed these fields, his love for writing remained strong. In 2019, Delbert founded Hard Stack Street Mag, a publication that quickly gained a following for its unique and engaging content. As the founder and editor-in-chief of the magazine, he has worked tirelessly to produce quality articles that cover a wide range of topics, including music, art, culture, and politics. Now 42 years old, Delbert continues to pursue his passion for writing and journalism. Through Hard Stack Street Mag, he has created a platform that allows him to share his voice and perspective with readers from all over the world. With a strong background in writing and a deep understanding of the power of storytelling, Delbert Williams II is a writer to watch. He is dedicated to producing content that is both informative and engaging, and he is committed to using his platform to shine a light on important issues that are often overlooked by mainstream media.

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