Solana SOL is up 25% in the past seven days and is having a strong week, rising above $100 again after falling below $80 last week. The latest resurgence comes amid a surge in network activity ahead of 2019. Jupiter Token Airdrop on Wednesday.
According to data from CoinGecko, Solana rose about 2% on the day, with its current price at about $103. While Solana is still a long way from its 2021 peak price near $260, it has rebounded from its lows in late 2022, when it fell to nearly $8. Compared to last year he has increased by 333%.
Solana has seen significantly more activity amid rising prices, with more and more traders turning to the network, in part due to its low fees and fast trading. Ethereum. Solana trading volume decentralized exchange (or DEX) surpassed Ethereum For a rolling 24-hour window through Sunday evening, data shows DeFi Llama.
Other data hello moon A series of on-chain metrics have shown a spike in recent days, including daily active users with SOL wallet balances. Last Friday at Solana, the number of new wallets used to sign transactions hit his highest daily high, reaching a total of nearly 750,000.
The increase in SOL and increased network usage comes as the ecosystem prepares for the January 31st launch of JUP, the official token of DEX aggregator Jupiter. The much-awaited token will be available for free acquisition in almost 1 million wallets.
Jupiter tested a new token launcher over the weekend. Wen's debut, a meme coin that over 1 million eligible wallets can claim for free.Eventually over 271 billion WEN tokens left without being charged This represents approximately 39% of the airdrop allocation and 27% of the total token supply.
Creator of WEN Burned an unclaimed token, the total supply declined, but traders quickly became bearish on the meme coin since the initial hype. The token has lost 52% of its value from its all-time high on Monday morning, dropping its current price to $0.000086.
Edited by Ryan Ozawa.
