SOL, Solana’s own blockchain token, hit a high of $ 63.33 on Monday morning, a gain of more than 36.8% from the previous day.
Altkoin also entered the top 10 largest cryptocurrencies with a market capitalization that uniswap surpassed uni by $ 17.75 billion, according to CoinGecko.
At the time of the press conference, the price of the token returned to $ 61.49, a significant increase over the past 24 hours and a 66.6% increase over the past week.
Solana loves NFT fury
Sol’s sharp growth followed Sunday’s launch of Degenerate Ape Academy, the unalterable tokens (NFT) project built on the Solana blockchain.
The launch sold a collection of 10,000 unique cartoon monkey photos in just eight minutes, bringing the total trading volume to nearly 96,000 Sol (more than $ 5.9 million).
The highest price for a degenerate NFT monkey is currently 100, 001 left. Source: Solanart.
NFT is a kind of digital reception stored on a blockchain that represents ownership of everything from a work of art, music, even ticket sales to concerts. Sundays APR is the number one network for activities within this niche, but Solana is also looking at a portion of the market.
According to the team behind the Academy of degenerative apes, while the launch was “crap at best,” they were “overwhelmed” by the community’s interest, as so much went wrong.
The Academy of degenerative monkeys was” exponentially bigger than we thought, ” he wrote on Twitter.
We sold everything in 8 minutes. Holy Monkey.
No, the fall wasn’t smooth. It was bad at best. We did a lot of bad things and the team was stunned by the wave that hit us last week. It was exponentially bigger than we thought. Monkey fury in the comments / 1 pic.twitter.com/HCccxoSoQn
I Entered The Code Above.
The price for chasing the digital monkey was 6 salts, but since the project sold out, the minimum price for the collection on solanart is now 14.40 salts. That meant those lucky enough to squeeze in
