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Solana's Altcoin Saga

SOL is pumping, but a few Solana altcoins are taking a break from the action
Jack Inabinet Jack Inabinet Dec 21, 20231 min read
market analysis Solana's Altcoin Saga

'Round and 'round. Solana has dominated the charts lately, continuing to be one of crypto’s strongest-performing assets with 24% gains on the week. While the SOL token is pumping, more than a few of the ecosystem’s tokens have decided to take a break from the action. What happened to Solana alt szn?

For example, the culturecoin BONK, a token some see as a levered bet on Solana, enjoyed a burst of strength against SOL off its Coinbase debut late last week, but the BONK/SOL ratio proceeded to get crushed since then and is down 36% from its Friday close.

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Jack Inabinet

Written by Jack Inabinet

280 Articles View all      

Jack Inabinet is a Senior Analyst with a passion for exploring the bleeding edge of crypto and finance. Prior to joining Bankless, Jack worked as an analyst at HAL Real Estate where he conducted market research and financial analysis for commercial apartment development and acquisition activities in the Seattle region. He graduated from the University of Washington’s Michael G. Foster School of Business and remains based out of the Seattle area.

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