Trader Uses 30 SOL Worth $2k to Make Over $5.7 Million

What is the Solana-based $ANALOS token?

ANALOS is another crypto project in the Solana (SOL) ecosystem. Moreover, this is not the first SOL-based token to skyrocket in price. Earlier this year, another SOL-based memecoin, BONK, gained significant traction. BONK recently hit an all-time high, but its price has dipped since. BONK is currently down 14.9% in the last 24 hours. Earlier this month, one trader turned $226,000 into $1.69 million in five days with another SOL-based token called Dogwifhat (WIF).

Also Read: Trader Turns $226K into $1.69M in 5 Days with This Solana Meme Coin – Here is How

The Solana (SOL) ecosystem seems to be in a euphoric state. SOL has also rallied by nearly 1000% since January of this year. However, the token has dropped by about 8% in the last 24 hours. The general crypto market seems to be witnessing a correction at the moment. Bitcoin (BTC), the original cryptocurrency, has fallen by around 2%, while Ethereum (ETH) has dipped by 1.6%. The reason behind the dip is unclear. It is possible that traders are taking a break from the market in light of the holiday season, or perhaps there is some uncertainty with interest rates. Nonetheless, the price drop has created a new opportunity for traders and holders to buy more assets.