BONK has surged by over 35% in price, pushing its market value to impressive $2 billion
In an exciting development within the #cryptocurrencymarket , Bonk ($BONK ), the dog-themed meme coin built on the #SolanaBlockchain , has surged by over 35% in price, pushing its market value to an impressive $2 billion. 
This meteoric rise highlights the growing appeal of meme coins and their significant impact on the broader cryptocurrency market.
Bonk, inspired by the success of other dog coins like Dogecoin ($DOGE ) and Shiba Inu ($SHIB ), quickly gained traction after its launch on the Solana blockchains
According to #CoinMarketCap  data, BONK's market capitalization is now $2.04 billion, placing it as the 55th largest cryptocurrency by market cap.

BONK/USD Daily Chart, Courtesy: TradingView
The broader cryptocurrency market has been experiencing positive sentiment, with major coins like Bitcoin (#BTC ) and Ethereum (ETH) showing strength. This overall bullish trend has spilled over to altcoins and meme coins, including BONK.
Crypto prices increased on signs of progress toward U.S. approval of exchange-traded funds investing directly in Ethereum, reversing a more negative outlook last week. The market rise is reminiscent of the investor excitement that preceded the launch of Bitcoin ETFs. 
Santiment, an on-chain analytics firm, highlights BONK's spectacular price gain, citing the enthusiasm surrounding Ethereum's first-place ETF as a driver for one of crypto's top five days of 2024.
At the time of writing, BONK was up 28% in the past 24 hours to $0.00003217, and up 38% in the last seven days. BONK has been steadily rising since May 13 after reaching a low of $0.0000214. The rise culminated in highs of $0.0000345 in today's trading session. BONK's 24-hour trading volume is up 280% to $1.34 billion.
According to Kaiko, meme tokens have shown resilience after trade volumes reached multiyear highs of $71 billion in mid-March. Trade volume for meme coins remains robust, with weekly volume increasing by more than 200% year to date.#bitcoin

#TrendingTopic Savvy Solana trader turns $6,000 in SOL into millions in realized profits through WIF tradesAccording to Arkham Intelligence, a savvy trader has capitalized on the Solana meme coin Dogwifhat (#WIF ) frenzy, generating 33,000% returns on his Solana investment.In a new tweet, Arkham Intelligence spotlights onchainclown, a #solana✈️ trader who has traded dozens of meme coins over the past two months. The trader was able to turn $6,000 in #sol into millions in realized profit, growing his $SOL investment by 330 times.Elite Trader Analysis: 330x on SolanaIt’s Solana season - again.With WIF breaking above a $1B valuation, let’s flashback to one of the traders we looked at almost 2 months ago.onchainclown.sol previously made $1.35M in profit from $6K - now he’s up to over $2M. https://t.co/74jQQl7yCl— Arkham (@ArkhamIntel) March 2, 2024Onchainclown’s best performance so far has been on the coin WIF. The savvy trader made a buy-in of only 102 SOL, around $6,000 at the time, and is now up $2 million in total profit as WIF surpasses the $1 billion market capitalization.The Solana trader bought WIF around two weeks after it was deployed on-chain, managing to acquire 2.6% of the supply. Two months after the purchase, he gradually sold off his WIF, generating gains of approximately 9,140 SOL or $880,000.The trader still holds significant amounts of WIF across his accounts for a total profit of $2 million, representing a return of more than 330x on his initial investment of 102 SOL.Dogwifhat, a dog-themed meme coin released on the #SolanaBlockchain over three months ago, has emerged as the clear winner of the latest rally.WIF reached a remarkable all-time high of $1.77 in today's trading session, overtaking tokens such as Floki ($FLOKI ) to become the third largest dog token behind Dogecoin and Shiba Inu. WIF has joined the top 100 cryptocurrencies by market capitalization, ranking 58th with a market value of $1.74 billion.The market for dog coins has expanded rapidly since the beginning of March 2024. At the time of writing, WIF had risen 37.92% in the previous 24 hours to $1.75. The token has increased by 438.69% in the last seven days. Speculations that Dogwifhat has been quietly listed on Robinhood's European crypto trading platform have also contributed to its weekly price increase.

The blockchain community is abuzz with the long-awaited introduction of the JTO governance token by the Jito Foundation. This significant development represents a crucial turning point for Jito, granting community members direct influence over decisions within the Jito Network.
A Milestone in Evolution
Jito's remarkable growth in the Solana ecosystem has been extraordinary. The JitoSOL token stands out as the largest and fastest-growing Liquid Staking Token (LST) on Solana, with an impressive Total Value Locked (TVL) of 6.8 million SOL. The Jito MEV network of validators, utilizing the Jito-Solana client, holds a substantial 41% stake weight (163 million SOL TVL) within the network.
Acknowledging the influential role played by the Jito Network in the ecosystem, the formalization of governance in the hands of its diverse community is a strategic move towards decentralized decision-making.
JTO Token: Empowering the Community
The launch of the JTO token marks a monumental shift, empowering token holders to shape the future direction of the Jito Network. These decisions encompass a broad range of aspects:
Establishing fees for JitoSOL stake poolsDirecting delegation strategies and parameters for StakeNet programsSupervising the JTO token treasury and fees generated from JitoSOLContributing to ongoing improvements of Jito's protocols and products
Empowering the foundation, the Jito Foundation plays a central role in organizing and refining community decisions. Aligned with the Jito Network's mission, it focuses on boosting the staking economy through JitoSOL and associated products, simultaneously working towards advancing the Solana network.
The foundation's structure enhances the strength of the Jito Network, smoothly shifting governance decisions from DAO mechanisms to off-chain infrastructures and strategic partnerships. This transformation strengthens the network's scalability and flexibility, facilitating its ongoing evolution.

Governance Structure
The Foundation's governance is supported by a sturdy framework that includes a Constitution, Bylaws, Articles of Association, and Memorandum of Association. Guided by two independent Directors, Matt Shaw and Glenn Kennedy, and overseen by an independent Supervisor from FFP Corporate Services, this structure is crafted to ensure transparency and accountability.
Token Allocation Clarified
The JTO token features a total supply of 1 billion tokens, allocated across various categories:

Community Expansion (34.3%): Dedicated to nurturing the growth of the Jito community, a retrospective airdrop of 10% recognizes and encourages contributions from community members who played a role in bootstrapping the network.Ecosystem Enhancement (25%): Geared towards strengthening communities and contributors propelling the growth of the liquid staking protocol on Solana and related network advancements.Investor Rewards (16.2%): Allocated to prominent supporters and investors within the Solana community, with a lock-up period extending over three years and a one-year cliff.Key Contributors (24.5%): Reserved for Jito's founders, employees, and early contributors to the ecosystem, with vesting and unlocking occurring over three years, mirroring a similar one-year cliff.
The Airdrop: Acknowledging Community Contributions
A noteworthy aspect of this announcement is the airdrop orchestrated by the Cayman Foundation, comprising 90 million JTO tokens for immediate distribution and an additional 10 million unlocking over the next year. Eligibility for this airdrop was based on users' contributions to Jito Network's development and growth, encompassing long-standing JitoSOL holders, users interacting with JitoSOL on various DeFi protocols, Solana validators operating the Jito-Solana MEV client, and active participants utilizing Jito Network's MEV products.
The eligibility snapshot was taken on November 25th, 2023, concluding the previously announced points program.
The Path Ahead
The dynamic evolution of Jito's governance and community empowerment through the JTO token signals an exciting chapter for the network. As the roadmap unfolds, the Jito Foundation, alongside the vibrant community, is set to navigate a course aligned with the network's ethos, solidifying its position within the Solana ecosystem.
#Roarstock #JitoGovernance #JTOtoken #SolanaBlockchain #CryptoCommunity
Source: https://bit.ly/46CAeap
$SOL

If you're familiar with the world of NFTs (non-fungible tokens) on the Solana blockchain, you've probably come across the term "token metadata." But what exactly is token metadata? 
Token metadata refers to the information associated with an NFT. It provides essential details about the token, such as its name, description, image, attributes, and more. Think of it as the digital passport of an NFT, containing all the necessary information to identify and understand the token.
SPL Token-2022 is the latest token program on the Solana blockchain.
What is SPL Token-2022?
SPL Token-2022 is a token program built on the Solana blockchain. It provides a framework for creating both fungible and non-fungible tokens. With SPL Token-2022, developers can easily create and manage tokens with unique properties and functionalities.
To use Token-2022, you need to specify it as the token program to use when creating or interacting with mint and token accounts. You can also use the Token Metadata program to initialize a Token-2022 mint, create metadata and mint tokens using the Create and Mint instructions. The Token Metadata program also enforces restrictions on the type of extensions that can be present on mint and token accounts based on the Token Standard.
Token Metadata and SPL Token-2022
SPL Token-2022 introduces a standardized approach to Token Metadata on the Solana blockchain. It allows developers to associate metadata with their tokens, making it easier to identify and display token information accurately. This standardization ensures consistency and compatibility across different applications and platforms.

Want to learn more about Token Metadata? Check out the official twitter of Metaplex 👉 @ metaplex

#SPLToken2022 #TokenMetadata #SolanaBlockchain #SOL #solana

#sol In a remarkable surge, the #SolanaBlockchain has witnessed an extraordinary increase in user engagement this December. The total count of active addresses on the network has reached a groundbreaking number, surpassing 15.6 million. This figure not only shows a significant jump of approximately 50% from November’s statistics but also outdoes the previous high of 15.2 million seen back in January.Why the Surge in Newcomers?Solana’s appeal to new users is evident from the 6.8 million brand new addresses registered in December alone, edging past the previous high of 6.6 million in May 2023. This influx of new users signifies a growing interest and trust in the #Solanaecosystem , marking an important milestone for the network.Solana has been making strides in enhancing its platform’s stability and transaction efficiency, which are key factors for user retention and attracting new participants.Despite these impressive figures, Solana’s non-voting transactions, which include monetary transfers and smart contract activations, haven’t yet surpassed their November numbers. These transactions are critical as they reflect actual user activity on the network.On a different note, Solana’s market value seems to be hitting a plateau. Technical indicators, such as the Relative Strength Indicator (RSI) and trading volumes, are showing a divergence from the increasing prices, suggesting that a bearish trend might be on the horizon.Market Movements and Future PredictionsSolana’s current market position indicates a possible shift. If the market takes a downward turn, $SOL ’s value might drop below the $100 mark, aligning with the 0.382 Fibonacci retracement level. On the flip side, a rise above the $130 mark, which aligns with the 0.5 Fibonacci line, could propel the value towards $155.At press time, SOL was worth $112. The network has recently surpassed the 38.2% Fibonacci retracement level, taking into account its performance from November 2021 to December 2022. #investors are now keenly watching the 50% retracement level, around $134, to gauge the network’s future trajectory.Considering all these factors, Solana seems all ready for a bull run. The combination of a significant increase in active and new addresses, along with its current market position, paints a heavily promising picture.🗣🗣Empower Our Mission: Tips For Dedicated Service. 🗣🗣👉Users are encouraged to support the mission by offering generous tips.🗣This empowers creators to work even harder, ensuring the continued delivery of top-notch investment advice. #BinanceWish @WISE CRYPTO NEWS