Solana Weekly #27 - Let It Bern!
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What’s up everyone! Coming in hot with episode 27 of Solana Weekly and we are here to talk about what’s going on in Solana from the perspective of a user. Hope you all had a great Memorial Day Weekend, cause I sure did. We’ve got another fun week with a bunch of action in NFT’s, some airdrops, dog coin pumps, some volatility in the whole crypto market and I’m here to shed some perspective on what’s going on and see where we are going.

Price:

Solana: Sitting at $20.68 with an increase in 8.27% overall in the week. I swear it looked like it was breaking through this range and I was and remain super bullish. Solana is getting hard to avoid when you talk about crypto and has been nonstop delivering. Yea there is a large entity dumping Solana, but there is sell pressure on every coin.

SolEth: Sitting at .01107 and we have an increase of 3.5 percent on the week. This was looking real good and Solana was breaking out. It just couldn’t keep going, but I think it’s the start of a break through.

SolBTC: Sitting at .007631 with an increase of 4.6% on the week. Showing some strength. Is the end of this down only chart upon us? I sure hope so. The best part about this was that BTC was looking super bullish too, both showed strength, SOL outperformed.

Today is the release of BERN - a Bonkearn token thats a new dog coin. Highly anticipated, airdropped to Bonk holders and has taken up most of my time this morning.

What we know:

New token standard - 6.9% fee burning when selling. Forced hodl tokenomics.

Can only trade on a weird dex FluxBeam and I had a bunch of failed transactions this morning.

Some big sales of early holders.

I'm bullish overall and holding for a while.

It crushed my Bonk position, round tripped some solid gains. However this actually burns Bonk so it should be positive for the Bonk bags.

Meme coin season has gotten so out of hand, that this seems like a solid one that's creating some new use cases and tech on Solana.

IF we were to compare this to what's going on with Eth, this is real use cases where Ethereum folks are just sending Eth to people that posted an eth address promising nothing in return. I don't get it.

More of my bags talk:

SMB back over 200, moved to xNFT, Gen 3 teasers are looking solid and looking to be released early next month. Soon.

MadLads - holding steady, pumped and it seemed like the massive wall of AMM's was breached and sitting at 84.

ZMB - The Zero Monkey Business derivative project by uharefat or something like that is pumppping. All hand drawn, unique, tons of art respectors like them. I own some, they are pumping because he did the Ordinal Maxi Business project on Bitcoin and it's almost a 2 bitcoin floor. Cheaper access to the ZMB, sweeping and over 10 sol floor.

I got a Clayno! With my Saga i got a free mint and minted a sick charcoal clayno. Very excited about it, seeing mixed reactions on the timeline. On one hand i could dump it and pay for the phone, on the other hand I want to support the team that is making sick art, and promoting the solana ecosystem with this drop. I hold.

Famous Foxes holding steady at just below 60, seeing tons of action with their nft lending protocol citrus.

Also been dabbling in Sol City Poker's poker tables and I like what i've seen so far. Deposit USDC and you can play in a few seconds. The tables dont seem botted or filled with sharks either. Good vibe, and fun.

Asset dash launched their NFT and it sold out super quick, and I'm actually pretty bullish on Sol NFT's launching. We've got SMB Gen 3, we've also got Tensor's nft coming out which is art by Zenom, and he's also advising on SMB's so it's his time.

Some fun thoughts:

A Solana Weekly podcasts that looks at an hourly chart is hilarious.

Our corner in this space is small. There is finance, there is crypto, there is bitcoin, eth, then there is solana. Bitcoin is digital gold, Eth is programmable money, Solana is a blockchain built to be used. There isn't even a tagline or a single use case. Yes lightspeed, but we're still seeing what exactly a superfast, highly programmable blockchain can build. Some of the most exciting are what I try to highlight. Bonk being distributed to over 450k wallets is something that can't happen at a feasible cost anywhere else. We have a freaking phone that stores our private seeds within the hardware. We have our very own Dapp store that doesn't charge 30% like apple and has crypto native applications in it. There are compressed nft's that you can mint a million for 10 bucks, not sure the exact application of this many, but you can do it. i had an idea that you could distribute text books this way, teacher compiles data that they want students to read, distributes them as a compressed nft. Get's rid of cost. Maybe have people pirate them first until it's big enough.

I think Tensor is actually one of the better examples of this. Two developers from Canada took on a Silicon Valley Unicorn Magic Eden and are winning the battle. Yes they took ideas from Blur, but what they were able to build is so much more than Blur, it's an exchange that exemplifies the speed, the programmability, and is unique in every way. I'm continuously blown away, every time I want something else it's there or it's a setting I didn't turn on.

But what we are seeing is the big swings that Solana is taking in the space. Some of the biggest problems are being tackled and that is what keeps me coming back.

Hope you enjoyed this episode of Solana Weekly, if you’re liking this show, I’d love a review on any podcast platform or even a DM telling me what you want to hear. This is Thomas Bahamas, and I hope you can get into that Bahamas mindset and ride this wave. This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit thomasbahamas.substack.com)