The public blockchain Solana (SOL) continues to perform strongly, currently soaring above $110. Its ecosystem and meme token “Analos” have seen a significant increase in price, rising nearly 2,900% from its lowest point.
Since mid-October, the price of Solana has been consistently strong, surging from $23 to $116. Along with the rise of $SOL, its ecosystem and meme tokens have also garnered widespread attention in the market.
Recently, the meme token “Analos” under Solana’s ecosystem has experienced a surge in price. The simplicity and straightforwardness of the name, which is simply Solana spelled backward, have attracted market enthusiasm. According to Coingecko data, in just four days since its launch, the price of Analos has surged nearly 2,900%, with an increase of over 110% in the past 24 hours, reaching $0.00192381.
According to Lookonchain data, a trader managed to turn $900 into $3.47 million in just four days by trading $ANALOS, achieving an astonishing increase of over 3,800 times. The trader initially purchased 2.6 billion $ANALOS with 12 $SOL (equivalent to $900), and then successfully sold 1.45 billion $ANALOS for 1.43 million $USDC. Although there are still unsold $ANALOS, the trader has already realized substantial profits. Currently, the trader still holds 1.12 billion $ANALOS, estimated to be worth around $2.04 million, resulting in a total profit of nearly $3.47 million.
Analos has gained attention not only from retail investors but also from institutional investors. Today, Analos announced that it has received a significant investment of $1 million from the well-known hedge fund Gotbit Hedge Fund. This funding will be used to launch a large-scale token buyback program, with all repurchased $ANALOS being allocated to Analos’ treasury. The team stated that these tokens will be used for future activities, including listing on new exchanges, marketing campaigns, and airdrops, to promote the overall development of the project.
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Analos
SOL
Solana