First of all, $ZEC has been nothing short of phenomenal. Some would even go as far as to say that we’re witnessing a generational run and to be honest, how many times do we watch a token go from $50 to $700 in the span of three months?
And the ecosystem itself? Solana as a playground and hotbed for innovative technology like i once described it? Amazing and still keeping her name and rep solid.
Nothing discovers and then redefines topics, concepts and ideas like the Solana blockchain does and that has been evident in the rise of $ORE and how it’s dominated the general mindshare and attention of users.
So today’s deep dive will be lengthy, and make up for missing the last one. Hopefully, it does help you condense the happenings on the blockchain throughout this week.
$ZEC
There’s a lot of controversy around the new privacy coin’s rise and so it would be important to note that you need to dyor a lot before you even begin, but here’s the breakdown:
We’ve seen a huge trend to the upside from the 200s range to 700 dollars just a few hours ago, and now twitter chatter is alright and abuzz with reactions to the token’s price action.
Bears are in disbelief, with several repeatedly accusing unknown figures and even well known ones like Mert of forcefully pushing a narrative, or that the rise is the work of paid shills and KOLs.
What do you think?
From a purely objective standpoint, $ZEC’s rise has proven that tokens can do well if the fundamentals are right, and that there are still things that people can rally around that aren’t exactly about getting rich right off the bat.
What are your thoughts about the current retracement?
$SOL
Solana currently sits at $160. There’s some apprehension that capital is rolling off into stables or other tokens like ZEC, but that’s hard to confirm or deny without the help of better tools and more time spent poring over charts.
So while there’s no direct correlation, here’s what we can glean from ordinary searches, stats and a little help from AI to compile them:
How much money moved?
– Daily average: $18 million worth of ZEC bought just on Solana apps (like Raydium).
– Total ZEC trading in 1 day: $4.4 billion (crazy high!).
– ZEC total value now: $9-11 billion (up 10x in one month!).
Big players jumping in:
– Grayscale bought $137 million of ZEC.
– Famous trader Arthur Hayes made ZEC his #2 biggest bag.
Why so big? Everyone wants private money now. ZEC is the hottest privacy coin, and most buying happens right on Solana. It’s like SOL cash turning into hidden ZEC cash!
But that’s not all:
Pumpfun is King of the Hill
This week, pumpfun continued their top form and domination of the launchpad markets.
In the last 24 hours, they facilitated $95.36M worth of trading volume on their platform, leading the market share with 87.3% of the total $109.27M volume.
Meteora’s dynamic bonding curve came second with $5.4M and Letsbonk.fun with $4M.
So yes, the trenches are experiencing more volume daily, with 107 graduations in 24 hours.
GICM
Things are getting really good with ICM.run. They just announced plans to incubate 4 projects into their ecosystem with a release of the tokenomics for the flywheel being designed (more on that when details are shared).
I would say this, as a tip, try hold round figures. regardless of your liquidity range. that’s important for calculating entries and exits, if you wish.
$ORE
Ore is finally above $200 and growing. More definitive and was to understand guides to mining the token are coming out, and i can’t lie when i say that they look tempting to those with lesser bags.
Don’t have a lot of SOL but you’re willing to try to mine something that has the potential to explode in your face? then ORE might be for you.
You can check our previous posts for a guide on how to mine, or read this thread on strategies to use by an X user:
Hope this helps and have a wonderful weekend while you make your decisions, but remember to always trade safe, do your own research and always size responsibly.
Also, TP when you can. 🫶🏽
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