Solana (SOL) was one of the most popular cryptocurrencies of 2023, especially among large cap coins. It appears that the altcoin remains extremely popular as the number of new wallet addresses increased significantly in January. The benchmark is even on record.
The cryptocurrency rises 5000% in a day, but turns into a scandal
Altcoin news
The number of Solana wallets has grown significantly
At the end of last year, the value also reached a record high of just over 435,000 new wallet addresses in 7 days. That was 429,000 new wallets in the same period and dates back to June 2022. Now, according to data from The Block, it has risen again to a record high. To be more precise, the number is now around 458,000 addresses.
Of course, the total number of wallet addresses has also grown to a new record, but that doesn’t necessarily say much. Some of these addresses are no longer used. This is a well-known problem in the crypto industry. Since you can manage your wallets yourself, you can also lose access to them.
Solana memecoin growth source?
The growth could be due to a new memecoin that has become extremely popular, Wen (WEN). It was airdropped to certain platforms on the Solana network last week.
It was one of those platforms decentralized finance (DeFi) platform Jupiter, whose trading volume increased enormously due to the airdrop. Owners of Solana’s own Saga smartphone and some non-fungible tokens (NFTs) on this blockchain were also eligible for the airdrop.
Solana also made headlines earlier this year as its trading volume reached unprecedented heights. This didn’t come entirely out of the blue, as the coin rose by around 1,200 percent last year.
The expansion plans must not only be limited to the blockchain itself. A second version of the Saga phone, which will be presented in 2023, is even said to be in the works. Blockchain is also one of the most popular networks for NFTs, according to data from The Block.
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