Solana's been the weakest of the big four this morning. solana:So11111111111111111111111111111111111111112 is around $94.30 after slipping off a Sunday night high, and it never really got a second push. Meanwhile the memecoin side of @solana is loud again with new launches everywhere. Does a busy @Pumpfun morning ever actually lift SOL itself?
The Solana meme solana:npz2FhoufQ7pKqhGpaipYWacrAkidyW2yDpVWSvpump has been all over the trending lists since yesterday. The whole pitch is a coin that never read the whitepaper and just yaps in Spaces. It's up about 58% on the day, but it's also given back a chunk in the last six hours. I'm watching @DessaOnSOL from the side for now. It could have legs, but the token is only a couple days old.
Typing the right web address didn't protect a lot of DeFi users on Friday night. Attackers hijacked the domains of about a dozen sites, including @flapdotsh, and pointed them at a wallet drainer. The contracts were never touched. People got drained signing on fake pages. When you connect to a site, always check your approvals. Do you bookmark your dapps?
Argonauts is holding steady on the OpenSea trending list with solid volume on the fully onchain pieces. It feels like the collection is settling into a tighter range and I'm watching the floor around here with @argonauts9999. The fully on-chain approach keeps showing up in the recent sales, which is what pulled my attention in the first place.
Polygon just added @solana to their Open Money Stack. Businesses can now move from bank deposits to stablecoins on Solana through one setup with @0xPolygon. This will definitely make cross-chain payments less of a headache for regular companies. Not sure if it changes much overnight but it feels practical for the payments side of things and makes sense for businesses already in the solana:So11111111111111111111111111111111111111112 ecosystem.
The old @token_works reentrancy bug just got used this morning on $APESTR to pull unclaimed @BoredApeYC Mudwater packs and dump ~200 of them. The Mudwater floor dipped toward 0.6 SOL and has mostly recovered, but the Apes left in the contract look bricked now. The same bug still sits on a handful of the other early strategies. I'm curious how the locked NFTs get handled and whether anyone tries it on the rest.
I watched ethereum:0xbcc01eae6f6217e7bd3d4670b96400c803d93ef2 pop hard overnight on Ethereum with big percentage moves and solid volume. The political meme angle is loud but these things reverse fast. This feels like one of those short attention plays, but everyone who got in early made an enormous bag on this one.
A few days ago Initia had to pause their whole chain after someone minted unbacked tokens and bridged out about $2.7 million. @initia said native supply wasn’t touched and they are working on a fix. It’s a reminder that bridge stuff can move faster than the pause button. I believe crypto is the future, but until we make it less exploitable it’s going to be hard to mass onboard new users.
I’ve been watching bitcoin:native sit around ~$80k over the last 12 hours and it feels like the market is just chopping in a tight range without much direction. The price gave back a little overnight but nothing dramatic, and I’m not sure if this is a pause or the start of something quieter. I’m still checking the range on @Bitcoin before I get too worked up about it, but I hope this isn’t headed in a bearish direction.
