Solana. Nice debut and dump. When pump?
- 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
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:
Price level reached 1.31 USD few hours later. It's almost x6 from the "auction price"!
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