
✍ 𝐂𝐫𝐲𝐩𝐭𝐨 𝐅𝐮𝐧𝐝𝐚𝐦𝐞𝐧𝐭𝐚𝐥𝐬 📒|May 14, 2025 16:24
Speculative Play
NINJA
- This looks innovative. Apparently, Solona hasn't had a solid privacy token yet, and I've been keeping my eye out for solid privacy plays since @TornadoCash sanctions have been reversed.
- @ninjaswapSOL uses SPL-22 confidential token, which enables encrypted transfers you can send and receive using a clean UI or even the native Solana CLI. Essentially, SPL-22 is a confidential extension that can hide transaction amounts using zero-knowledge proofs. So, if one wanted to, one could backtrack the transaction, but not see what was exchanged or the amounts.
- It's a super low cap at 370k, but it's interesting. This is a high-risk project due to its age and very low MC. I took a minute to speak to the developer, and he was open and informative about the project. This is the best you can hope for this early. Let's see what happens.
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