# Solana Coins Explode

*Author: Jack Inabinet*
*Published: Mar 15, 2024*
*Source: https://www.bankless.com/solanas-ecosystem-token-surge*

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**SOL Cycle.** Crypto assets experienced an overnight sell-off, compounding losses from their Thursday morning plunge and pushing Bitcoin 11% off the all-time high it set just prior to the initial decline. *Which L1 ecosystem finds itself positive on the day despite the drops?*

While Bitcoin dominance has somewhat recovered this morning, it remains 0.9% below its Thursday high, indicating that crypto assets somewhere are catching a bid despite the move down in many tokens…

A brief examination of the CoinGecko top gainers board quickly reveals a culprit: Solana ecosystem tokens!

![](https://lh7-us.googleusercontent.com/AwyDlCaBJ8b_Ir1juELWYam6ZkLtnie2D8-5dN_abzWwNgGRyG2nb8xrTr_kS9JjYPf27fn4eUQIfQE2CN_pNVCOUQ9FwkC2Du_2AUvjzt5Vcmm53-a9JeYkFRRkc_d6L90LX7prRG2Rjpur-pLxdSQ)*Source: [CoinGecko](https://www.coingecko.com/?_branch_match_id=1297198430977844852&_branch_referrer=H4sIAAAAAAAAA8soKSkottLXT87PzEtPTc7O10ssKNDLyczL1s8J8cxzjvBxrzIBANrEPuYlAAAA&items=300)*
Unlike BTC (and broader alts), the SOL token rebounded off its Thursday lows to set a higher high of $186.65, carrying the momentum into Friday to make new highs on the SOL/BTC cross.

SOL strength has been reflected by many of the ecosystem’s bluechip tokens, with Raydium’s RAY ripping by 26%, Jupiter’s JUP jumping by 17%, Jito’s JTO jolting by 12%, and Pyth Network’s PYTH pumping by 6% on the day.

Echelon Prime hopped on the SOL train following the release of its long awaited *Colony *whitepaper, which revealed that the game’s AI avatars will be hosted on Solana. While this document is a major milestone in and of itself, the Project’s newfound alignment with Solana has no doubt been a contributing tailwind for PRIME price.

> Parallel just released their long awaited Colony whitepaper! And look what we have here:The AI avatar wallets will be on [@solana](https://twitter.com/solana?ref_src=twsrc%5Etfw) Huge, huge news. [$SOL](https://twitter.com/search?q=%24SOL&src=ctag&ref_src=twsrc%5Etfw) 🤝 [$PRIME](https://twitter.com/search?q=%24PRIME&src=ctag&ref_src=twsrc%5Etfw) [https://t.co/o9JPEcvh2U](https://t.co/o9JPEcvh2U) [pic.twitter.com/TAOjfGcwfv](https://t.co/TAOjfGcwfv)— Aylo (@alpha_pls) [March 15, 2024](https://twitter.com/alpha_pls/status/1768430276206580007?ref_src=twsrc%5Etfw)

 Solana’s most prolific memecoins – a distinction shared jointly by BONK and WIF – are experiencing a downturn today, but that hasn’t stopped another meme from ascending to the heavens, potentially marking the start of its journey to become a contender for this title.

BOOK OF MEME (BOME), a memecoin whose presale concluded just two days ago on Wednesday, has exploded in price by an eye-watering 25,000% since the token began trading at midnight on Thursday after [receiving attention](https://x.com/pravijn/status/1768055205663301748?s=20) from numerous high-profile Crypto Twitter accounts and an apparent endorsement from Beeple.

> BOOK OF MEME [pic.twitter.com/I4MUMmz5UA](https://t.co/I4MUMmz5UA)— beeple (@beeple) [March 15, 2024](https://twitter.com/beeple/status/1768487106890830193?ref_src=twsrc%5Etfw)

 
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