Solana. Nice debut and dump. When pump?

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Santrends
Apr 13, 2020


  • Summary: New "pump and dump" coin dumped on Binance.
    Time to buy before a next pump?
  • Assets covered: SOL
  • Metrics used: trading volume, social volume, development activity


A few days ago we've seen Solana hitting first line of Emerging trends list:

Friday's emerging trends explained, Solana is #1

What is it? Solana? SOL?

Solana describes itself as "The world's first web-scale blockchain, with speeds of 50,000 tps without sharding." Has a ticker SOL (not SOLO, which stands for Sologenic) and is now available on Binance.



SOL tokens were initially distributed during an auction on Coinlist, with price starting at 0.22 USD:


Solana's social volume and crowd interest started to grow few hours before start trading on Binance:

Green is price, blue is social volume

Price level reached 1.31 USD few hours later. It's almost x6 from the "auction price"!

Then

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Assets from this insight

Solana logo

SolanaSOL

$ 161.99

10.13%in last 7d
2