Solana’s Altcoin Saga | Bankless

‘Round and ’round. Solana has dominated the charts lately, continuing to be one of crypto’s strongest-performing assets with 24% gains on the week. While the SOL token is pumping, more than a few of the ecosystem’s tokens have decided to take a break from the action. What happened to Solana alt szn?

For example, the culturecoin BONK, a token some see as a levered bet on Solana, enjoyed a burst of strength against SOL off its Coinbase debut late last week, but the BONK/SOL ratio proceeded to get crushed since then and is down 36% from its Friday close.