Summary

The article discusses three intriguing Solana tokens—Whales Market, GHOSTS, and $GME—that offer unique features and have shown potential in the crypto market despite the risks associated with Solana investments.

Abstract

The author expresses a reluctant enthusiasm for sharing insights on three Solana-based tokens, acknowledging the platform's tendency to shadowban crypto content. These tokens are deemed "interesting" due to their innovative aspects and the potential they hold within the Solana ecosystem, which has recently experienced an outage. The first token, Whales Market, is highlighted for its unique DeFi protocol that facilitates trading of pre-market assets and OTC tokens using smart contracts, with its native token $WHALES showing promising upward trends. GHOSTS introduces the SPL22 standard, a hybrid of fungible and non-fungible token standards, and its educational memecoin$ GHOST has been gaining traction despite lacking proper listing on platforms like DexScreener. Lastly, $GME, a memecoin inspired by Gamestop, has managed to maintain interest and trend upwards in a market saturated with meme tokens. The author clarifies that the list is for informational purposes and not financial advice, expressing a renewed excitement for the crypto space due to these innovative projects.

Opinions

The author has mixed feelings about sharing information on Solana tokens due to potential shadowbanning by the platform.
Solana tokens are considered riskier than Ethereum ones, with recent network outages contributing to this perception.
Whales Market is seen as a pioneering platform with no direct competitors, suggesting significant growth potential for its $WHALES token.
The author views the GHOSTS token and its associated SPL22 standard as a noteworthy innovation in the crypto space, with the potential to become the next big narrative.
Despite a general fatigue with memecoins, $GME is noted for its sustained interest and performance, standing out amidst a plethora of similar tokens.
The author emphasizes that the discussion of these tokens is not an endorsement or financial advice, but rather a sharing of intriguing crypto trends.

Psst… 3 Interesting Solana Tokens!

I don’t want to share but I can’t help myself writing about them

I have no idea why the AI prompt came out with a good-looking guy. In my head, I intended it to be like those “psst… kid” meme.

I don’t like writing about tokens list due to the fact this very platform shadowbanning such posts (it’s real, they have a specific guide for crypto content here.)

This is why you don’t see me writing about any ticker much lately. However, this time I feel like, ‘fock it, I’m gonna do it.’ It’s not only because the list is too juicy to not share, but also I kinda wish not many people reading it anyway.

Solana bets are in a way, more risky than Ethereum ones, and the tokens over there are ‘interesting’. For example, the latest JUP token drops were followed by controversy by its developer statements and decisions to dump 7-figure tokens afterward. Long story short, Solana is not for the faint of heart. Recently Solana also had an outage. The blockchain shut down for 4 hours yesterday.

It just feels scandalous, hence why I’d feel comfortable only sharing it with a smaller circle (i.e. my email subscribers). It’s like our little secrets.

So what are the tokens?

Whales Market

Whales Market is probably the only DeFi protocol of its kind in the whole crypto industry. It doesn’t have any competitors yet.

This platform focuses on trading points, pre-market assets, and OTC tokens; anything that’s not available on traditional DEXs.

People have been trading crypto assets over the counter since forever. Lately, with many dApps pivoting to points (instead of traditional tokens) as their reward system, the OTC markets see even more surge in activities. There’s a demand to do peer-to-peer transactions securely, and that’s where Whales Market steps in. They use smart contracts to hold assets and only release the asset once every party fulfills their transaction duty.

Whales Market has a utility token called $WHALES. Ever since its inception, this token has been up only.

In my experience with DeFi tokens, usually their ceiling is capped up until a point (The current market cap is at $51 million.) But with no competitors, there’s a possibility this token still has more room for upside.

GHOSTS

Long before Pandora and ERC404 were trending, Solana folks developed a similar mechanism where they mixed a fungible token standard with an NFT standard. ERC404 itself is a mixed implementation of ERC20 (the typical tokens) and ERC721 (NFT standards.)

The Solana ERC 404 equivalent is called SPL22. It combines SPL20 (The ERC-20 of Solana) and Token2022, a new standard developed both for fungible and non-fungible tokens.

To promote this tech, they created a token called $GHOST. Their Twitter description is “The first SPL22 fair launch inscription coin.” On their homepage, they write it as “educational memecoin.”

Perhaps due to its new standard, even DexScreener isn’t listing this coin properly. Its name is displayed as UNKNOWN, and it is not searchable nor it appears on the trending page, despite it’s been outperforming for a couple of days. (With Pandora trending, Ghost is the Solana beta play, hence why its price picks up too.)

You can search this token by entering its address HbxiDXQxBKMNJqDsTavQE7LVwrTR36wjV2EaYEqUw6qH

Rumors around CT show that NFT-hybrid tokens could be the next crypto narrative. People are eager to find out the possibilities of this new approach. (They say you can immediately trade the NFT on a DEX after mints like you do with regular tokens.)

$GME

I’ve complained before how memecoins craze on Solana has reached a point of exhaustion. Do you know what’s good about people losing interest in memes? The few interests that remain consolidate into a few enduring names, with one example of Gamestop’s GME — a survivor from the latest Solana meme trends.

This token is very volatile, but overall it’s still trending up, with more liquidity and more market cap than the last time I sold it. I don’t know if I will re-enter it (probably I will when I’m bored or something.) I included it on this list because even after a week, this token keeps appearing on the trending page. By meme standards, I found it quite interesting. It shows sustained interest.

This list is just informative, not an endorsement let alone financial advice. Recently I complained a lot about how there are fewer interesting things on crypto, so I am nothing but excited to find intriguing stuff like these tokens and the projects behind them.