TechFlow news, on August 8, crypto researcher flow posted on X platform highlighting the recent price performance of Solana DeFi projects since the last market crash. KMNO has risen 60% from its low, followed closely by DRIFT with a 32% increase; tokens such as BORG, RAY, and SOL show strong correlation with SOL's price; JTO has slightly lagged behind.
Nonetheless, different projects have been affected to varying degrees during this correction period. Their relative strength analyzed across multiple timeframes is as follows:
- 5-day price performance: All tokens posted negative returns over the past five days, indicating they haven't fully recovered from the crash. BORG was least affected, while RAY performed the worst;
- 1-month price performance: Results were mixed, with ORCA performing best, up 40%, while DRIFT performed worst, down 35%. Other tokens ranged between +10% and -10%;
- 3-month price performance: All tokens declined, falling into three groups: ORCA, $SOL, and $RAY showed relatively stronger performance; JUP, DRIFT, BORG, and JTO dropped 30% to 40%; PYTH and KMO performed the worst.
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