Both ETH & SOL:
- Were running at ATH REV at the same time as their ATH prices
- Traded at the same multiple on annualized REV at those times (~26.5x)
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chainyoda
Soylana runs risk of tying price to periodic crime szn revenues too much and euphemisms like "internet capital markets" aren't gonna solve this
crime markets are too predatory and getting shorter and shallower
last coin that tied itself to revenue was eth and it din go so well
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David Attermann
this is my quant
Unipcs (aka 'Bonk Guy') 🎒
why i think USELESS coin is the next breakout memecoin
'Cryptocurrency is USELESS... Just a Scam' - Bill Gates
this thread is a deep-dive on why i’m incredibly bullish on USELESS coin and my thoughts on its potential
but first, let me tell you a story:
one of my more recent trades that i'm often praised for is my FARTCOIN trade
'bonk guy is a chad, he turned low six figures to $7.1 million+ on FARTCOIN in 2 months. let's call him fartcoin guy too!'
what many do not know is that i first had an opportunity to buy fartcoin at $250k market cap when someone pinged it in The Lab and suggested buying it because it was funny—a mockery of crypto itself!
but i faded it
several other Lab members tagged me again as it pumped from sub $1m to $20m market cap
but i faded them too because i just didn’t get it
Fartcoin was already trading over $100m market cap before i finally *got* it
i started waiting for a dip and didn’t get one, so i ended up FOMO-buying around $200k worth at a $200m market cap
i was hoping for a deeper pullback to accumulate more, but it never came
then it just straight on ripped to $2.7 billion market cap
this was before the post-Inauguration-induced market meltdown, which led to its price crashing 92% down to $200m
that’s when i sized into my famous FARTCOIN perps trade that i’m now known for
USELESS feels like i'm being given an opportunity to take that Fartcoin trade again
except this time, i *GET* it
and unlike the dozens of Fartcoin beta and derivatives out there today, USELESS is its own unique narrative!
a brand new narrative with the potential to hit insane FARTCOIN-like levels—all by capitalizing on what almost everyone outside the crypto bubble uses to describe crypto: USELESS
be it Bill Gates
(screenshot in intro)
Harvard professors
Wall Street titans like Jamie Dimon
or normies on Reddit
there’s overwhelming consensus among almost everyone outside the crypto bubble—from billionaires like Bill Gates to academics, celebrity finance figures like Jamie Dimon, and average Reddit anons — that crypto is USELESS
and that's exactly why USELESS has the potential to achieve true mainstream memecoin virality in a way similar to Fartcoin
because it proves their point—and forces them to talk about it and mock it
USELESS is the purest memecoin in the sense that it does not pretend to be a PoW, PoS, L1, L2, AI, RWA or anything coin
it literally just tells you it's a USELESS coin
and the higher it goes, the more likely it is that the people who hate crypto—from media to billionaires to Reddit posters—will amplify it by mocking it
'hey, did you see that USELESS coin? It had a market cap of $50 m last week and is now worth $100m. what a joke crypto is!'
'BREAKING: USELESS coin hits $100 million market cap!' 😂😂😂
you can't help but laugh so damn hard reading all of those headlines and side comments!
to make things more interesting:
i'm in about a dozen alpha groups in the trenches
elite groups that are extremely hard to get into—some with just a few dozen members
you can't pay to get into most: you get invited if you're deemed extremely good at degening and winning big in the trenches
and not once have i seen this much confluence across all of them about the potential of a single token to achieve Fartcoin-like virality and success across all of these groups than i’ve seen with USELESS
the thesis is simple: all of crypto is USELESS
be it BTC, ETH, SOL, memecoins, AI agents... doesn't matter
literally everything is useless
or at least that is what everyone outside of crypto thinks
so what's more attractive to bid than a literal USELESS coin? 😅️️
key metrics aligning to make USELESS the next breakout memecoin
i’ve already highlighted the confluence in alpha groups, but there are several other key signals aligning for USELESS:
- strong OTC demand: people in multiple alpha groups are asking about size OTC buys
- on-chain holders: fastest holder growth of any memecoin launched on LetsBONKfun to date
- very healthy chart: held up while most of the trenches were getting nuked; continues to make higher lows = strong accumulation ongoing
- CEX FOMO kicking in: i’ve heard from multiple sources that top CEXs are watching closely. KuCoin listed organically (super rare). wouldn’t be surprised if others are silently accumulating
- key trenches and memecoin accounts already pushing it: respected voices publicly treating it as high-conviction
so, why THIS particular USELESS coin?
do you know my biggest regret this cycle?
missing the $PEPE trade
it was right there in my face... first around $2m market cap, then $10m, then $20m, then $100m
but i faded it each and every time for many reasons
prior to that a thousand 'PEPE' coins had been launched and none had traction
so why bid this particular pepe coin, right?
this one had something no other Pepe coin had prior to it: traction, mindshare, and sustained volume and price growth
it is the same with USELESS in my book
yes, several 'USELESS' coins might have been launched in the past
but this is the first one to have any real and sustained traction
and if the Pepe playbook is anything to go by, this looks like what will make that narrative stick and go mainstream!
to wrap this up
every time USELESS pumps:
- it mocks all the 'useful' utility coins faking innovation
- it mocks crypto as a whole
- it reinforces what crypto critics love to say: that everything here is useless
- it gives the anti-crypto crowd a new rallying point—and in doing so, gives the coin attention, which fuels it further
so take a second and think about this deeply:
what’s more bullish than normies talking about a coin called USELESS?
imagine checking your exchange and seeing USELESS as the top gainer, up 100% on the day
imagine hopping into your favorite crypto groups and seeing everyone talking about USELESS
imagine logging into X and seeing USELESS trending
does it grab your attention?
i bet it does
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Kent Lin
I'll be in NYC 🗽 May 19-23. Ping me for coffee.
PS. I check tg more often than X inbox.
Optimum
We're going to @SolanaConf next week!
All 3 co-founders will be there- @MurielMedard @kentlinyy & @kishori_konwar
Any builders, validators, or investors who are focusing on the future of Solana scalability please be in touch, we'd love to meet up with you in NYC
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LilMoonLambo
I try to sum up crypto in 2025 to people with a song lyric
Outkast - Hey Ya
"Y'all don't wanna hear me, you just wanna dance"
I can't stress it enough, people just want to dance
"Dance" in crypto = speculate and gamble
People want to show up to a party to party, might as well let them have a banging party
People know if they drink a lot at a party they'll wake up hungover the next day, and they still show up to party
We don't need to lecture them on why they should party or not, just let them have fun for the reasons they came here for and make the party the best experience ever
I think that's why Ethereum is in the state that it's in
They kept trying to lecture the party-goers that just wanted to dance, on why and why not they should be partying and what they should be listening to at the party, what they should be drinking or not etc.
Too much to the point it ruined the Ethereum party
Solana won because they just let people party and dance, and made the experience fun as fuck for everyone that showed up
I also love Ripple for this reason, it's the Uber driver's favorite token
Ripple is still a top 5 coin in 2025 and with all the “fair distributions PoW coins” not one of them being in top 10 should tell you as to how much people like being lectured about “team holding most of the supply” or “team is making money dumping the token” or any of these narratives, they are meaningless outside of the CT bubble
Ripple holders truly just wanna speculate and gamble and can care less about anyone lecturing them on the FUD
"Y'all don't wanna hear me, you just wanna dance"
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Solana price performance in USD
The current price of Solana is $166.99. Over the last 24 hours, Solana has decreased by -3.41%. It currently has a circulating supply of 519,816,887 SOL and a maximum supply of 600,945,824 SOL, giving it a fully diluted market cap of $86.74B. At present, the Solana coin holds the 5 position in market cap rankings. The Solana/USD price is updated in real-time.
The rating provided is an aggregated rating collected by OKX from the sources provided and is for informational purpose only. OKX does not guarantee the quality or accuracy of the ratings. It is not intended to provide (i) investment advice or recommendation; (ii) an offer or solicitation to buy, sell or hold digital assets; or (iii) financial, accounting, legal or tax advice. Digital assets, including stablecoins and NFTs, involve a high degree of risk, can fluctuate greatly, and can even become worthless. The price and performance of the digital assets are not guaranteed and may change without notice. Your digital assets are not covered by insurance against potential losses. Historical returns are not indicative of future returns. OKX does not guarantee any return, repayment of principal or interest. OKX does not provide investment or asset recommendations. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/ tax/ investment professional for questions about your specific circumstances.
By using the third-party website ("TPW"), you accept that any use of the TPW will be subject to and governed by the terms of the TPW. Unless expressly stated in writing, OKX and its affiliates ("OKX") are not in any way associated with the owner or operator of the TPW. You agree that OKX is not responsible or liable for any loss, damage and any other consequences arising from your use of the TPW. Please be aware that using a TPW may result in a loss or diminution of your assets.
Solana describes itself as a third-generation network designed to solve the blockchain trilemma – the notoriously difficult feat of improving performance without compromising decentralization and security. Solana might succeed where first and second-generation blockchains have struggled by introducing innovative methodologies to optimize a blockchain network's speed while retaining a high level of decentralization.
Solana's decision to focus on finding a balance between speed, security, and decentralization stems from the need to create enabling environments for launching world-class decentralized applications (DApps). The goal is to provide a blockchain network to help DApps attain the same functionality and user experience that their centralized counterparts offer.
The Solana ecosystem has SOL as its base currency, which users can use to make payments, settle related fees, and participate in the network's staking economy. The digital asset also doubles as Solana's governance currency. In essence, SOL holders can vote on proposals that would, in turn, determine the type of changes and upgrades adopted by the Solana ecosystem.
How does Solana work
Like most blockchains, Solana relies on a consensus algorithm. Such algorithms ensure blockchains don't require intermediary entities like Visa or PayPal to execute and validate transactions. However, rather than opt for the energy-intensive and slower Proof of Work (PoW) consensus protocol like Bitcoin, Solana has adopted a more dynamic alternative that gives room for highly scalable and eco-friendly operations.
Specifically, Solana’s dynamic consensus system combines the in-house designed Proof of History (PoH) protocol and the popular Proof of Stake (PoS) model. PoH creates a historical record of events and transactions and allows the system to process transactions faster and more efficiently.
Armed with these two consensus mechanisms, Solana can reportedly process up to 50,000 transactions per second, which is why it is often called the "Visa of the crypto world." This is an exceptional feat considering that Ethereum, the most popular application-based blockchain, currently has a maximum theoretical TPS of 119. According to Solana, developments are underway to increase the current maximum transaction size possible on the network, which currently stands at 1,232 bytes. QUIC, a Google-built transaction ingestion protocol currently live on Solana's Mainnet-beta, could be the key to unlocking a larger transaction size.
Solana provides a flexible development tool kit that supports three popular programming languages: Rust, C, and C++. Solana has also highlighted community-driven efforts to allow on-chain programs to be written in other languages such as Python via Seahorse. Proponents of Solana argue that the possibility of writing smart contract codes with multiple programming languages will help developers access a more familiar and flexible development environment, unlike what we have on blockchains with native smart contract languages.
Additionally, the Solana blockchain has a block propagation protocol named Turbine that makes data distribution faster across the network. Finally, Solana uses Gulf Stream, a Mempool-less transaction forwarding protocol that enables validators to execute transactions beforehand.
Solana's high-speed and low-cost transactions make it an attractive platform for DeFi applications. It supports various DeFi projects, including decentralized exchanges (DEX), lending and borrowing platforms, and yield farming protocols. Furthermore, with its ability to handle a large number of transactions per second, Solana is a suitable platform for blockchain-based games. Developers can build interactive and scalable games on Solana that offer rewards in SOL or other tokens.
SOL price and tokenomics
Launched in March 2020, SOL initially sold for $0.22 to supporters through a public auction, successfully raising $1.76 million. The subsequent surge in Solana's value led to a significant private token sale round in June 2021, generating a substantial $314 million for Solana Labs. The funds raised in this round are earmarked for the development and promotion of a robust and expansive decentralized finance (DeFi) ecosystem on the Solana blockchain.
Over the years, the Solana team conducted five funding rounds, starting with a seed round of $3.17 million, followed by three private funding rounds that eventually culminated in a $20 million Series A. An additional $1.76 million was raised through a public auction in March 2022 with CoinList. These funding efforts have propelled Solana's growth and positioned it as a prominent player in the blockchain space.
The SOL price reached its all time high of $259.69 back in November 7, 2021. Although the Solana price fell sharply and stagnated in the years following, the latter part of 2023 saw the token gain bullish momentum. SOL prices reached above $100 for the first time in almost two years during late January 2024, and continued its uptrend to hit $195.72 on March 24, 2024. Various factors have contributed to the Solana price rise, but many commentators attribute it to the growing strength of the network. Solana surpassed rival smart contract blockchain Ethereum for decentralized exchange (DEX) volume during March 2024, reportedly due to a flurry of activity surrounding Solana-based memecoins and a superior volume to total value locked for Solana.
Key tools and technologies in the Solana ecosystem
Launched in October 2021, the Jupiter swap aggregator is considered by many to be an influential part of Solana's success. Jupiter aggregates liquidity for Solana, helping users to find the best prices with minimal volatility and slippage.
Meanwhile, Magic Eden is the largest non-fungible token (NFT) marketplace on Solana. The platform allows users to buy, sell, and mint digital collectibles, and also provides various resources to help developers build their own projects. Although Magic Eden is a major NFT marketplace on the Solana network, it also supports other chains including Polygon, Base, Ethereum, and Bitcoin Ordinals.
Another key tool in the Solana ecosystem is Pyth Network. This blockchain oracle allows smart contracts to interact with real-world price data in real-time. Data is collected from a large quantity of sources including exchanges, market makers, and financial services providers. Significantly, Pyth Network can find and publish off-chain data on-chain, powering DApps (and their users) with access to high-fidelity real-time market data.
SOL distribution
The initial supply of SOL, totaling 500,000 tokens, was distributed among various entities involved in Solana's early funding rounds. Notably, a portion was allocated to investors in the Seed round, while another share was reserved for participants in the Series A rounds. Additionally, some tokens were sold in a public sale, and a portion was distributed among the founding team members who contributed to the project's development. Furthermore, the Solana Foundation, a not-for-profit entity supporting Solana initiatives, received its share of tokens. Lastly, a community reserve fund, managed by the Solana Foundation, also received a portion of the initial supply to support the broader Solana community.
About the founders
Anatoly Yakovenko, a software engineer, first introduced Solana in 2017 when he published a whitepaper where he proposed the concept of Proof of History and how it can optimize the throughput of blockchains. Before venturing into the blockchain ecosystem, Yakovenko worked at Qualcomm and Dropbox as a software engineer.
After introducing the Solana project, Yakovenko teamed up with one of his former Qualcomm colleagues, Greg Fitzgerald, to co-found Solana Labs, the software development company responsible for building and maintaining the Proof of History-based blockchain network. Along the line, Yakovenko and Fitzgerald recruited more former Qualcomm colleagues.
Number of posts mentioning a token in the last 24h. This can help gauge the level of interest surrounding this token.
Contributors
Number of individuals posting about a token in the last 24h. A higher number of contributors can suggest improved token performance.
Interactions
Sum of socially-driven online engagement in the last 24h, such as likes, comments, and reposts. High engagement levels can indicate strong interest in a token.
Sentiment
Percentage score reflecting post sentiment in the last 24h. A high percentage score correlates with positive sentiment and can indicate improved market performance.
Volume rank
Volume refers to post volume in the last 24h. A higher volume ranking reflects a token’s favored position relative to other tokens.
In the last 24 hours, there have been 72K new posts about Solana, driven by 27K contributors, and total online engagement reached 27M social interactions. The sentiment score for Solana currently stands at 81%. Compared to all cryptocurrencies, post volume for Solana currently ranks at 153. Keep an eye on changes to social metrics as they can be key indicators of the influence and reach of Solana.
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Posts
72,064
Contributors
27,473
Interactions
26,515,993
Sentiment
81%
Volume rank
#153
X
Posts
60,057
Interactions
17,247,332
Sentiment
81%
Solana FAQ
How much is 1 Solana worth today?
Currently, one Solana is worth $166.99. For answers and insight into Solana's price action, you're in the right place. Explore the latest Solana charts and trade responsibly with OKX.
What is cryptocurrency?
Cryptocurrencies, such as Solana, are digital assets that operate on a public ledger called blockchains. Learn more about coins and tokens offered on OKX and their different attributes, which includes live prices and real-time charts.
When was cryptocurrency invented?
Thanks to the 2008 financial crisis, interest in decentralized finance boomed. Bitcoin offered a novel solution by being a secure digital asset on a decentralized network. Since then, many other tokens such as Solana have been created as well.
Watch this video to learn about what happens when you move your money to a crypto exchange.
Disclaimer
The social content on this page ("Content"), including but not limited to tweets and statistics provided by LunarCrush, is sourced from third parties and provided "as is" for informational purposes only. OKX does not guarantee the quality or accuracy of the Content, and the Content does not represent the views of OKX. It is not intended to provide (i) investment advice or recommendation; (ii) an offer or solicitation to buy, sell or hold digital assets; or (iii) financial, accounting, legal or tax advice. Digital assets, including stablecoins and NFTs, involve a high degree of risk, can fluctuate greatly. The price and performance of the digital assets are not guaranteed and may change without notice. OKX does not provide investment or asset recommendations. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/tax/investment professional for questions about your specific circumstances. For further details, please refer to our Terms of Use and Risk Warning. By using the third-party website ("TPW"), you accept that any use of the TPW will be subject to and governed by the terms of the TPW. Unless expressly stated in writing, OKX and its affiliates (“OKX”) are not in any way associated with the owner or operator of the TPW. You agree that OKX is not responsible or liable for any loss, damage and any other consequences arising from your use of the TPW. Please be aware that using a TPW may result in a loss or diminution of your assets. Product may not be available in all jurisdictions.
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