The crypto sector shook off its recent slump with a surge in activity over the last 24 hours. While the web3 ecosystem made several advancements, cryptocurrency prices took a turn towards a modest positive. Relatedly, the leading altcoin and second largest cryptocurrency, Ethereum recorded a 0.98% increase in daily price
The defunct crypto exchange, FTX, and its sister firm, Alameda Research reclaimed the dumped 177,693 SOL tokens, worth approximately $24 million, from the Solana Proof-of-Stake (PoS) network. The exchange-affiliated wallet, H4y…gFZ, still holds a 7.057 million SOL in staking, valued around $943 million. FTX was one of the biggest holders
In a dramatic twist, a CryptoPunks NFT that once commanded $1.5 million was recently sold for a mere $23,000. This sudden and steep decline in value has captured widespread attention and sparked discussions within the cryptocurrency community. The NFT, a highly coveted piece from the CryptoPunks collection, experienced a shocking
Solana (SOL) has recently achieved a remarkable milestone, setting a new record for daily active addresses and sparking speculation about potential price appreciation. Despite this surge in network activity, SOL’s price has remained under pressure, mirroring the broader altcoin market’s struggles. As investors eye the upcoming Breakpoint conference, questions arise
The cryptocurrency market is never short on buzz, and in 2024, two tokens are particularly gaining traction in the community: Solana (SOL) and Rexas Finance (RXS). A legendary crypto analyst recently shared their outlook on Solana, seeing “some upside” in the near future. However, the same expert also made a
A renowned cryptocurrency analyst, known for accurately predicting Ethereum’s (ETH) drop below $900 during the 2022 crypto winter, has recently labeled a new rival to Solana (SOL) as a ‘must-hold’. The analyst, active on X (formerly Twitter), had forecast Ethereum’s decline after it peaked near $5,000 in late 2021, a
Solana’s blockchain is displaying a significant surge in trading activity, setting new records. The number of daily active addresses (DAA) on the Solana network has reached 5.4 million, the highest level ever recorded. This rise indicates increased engagement on the platform, with daily transactions exceeding 41 million, outpacing networks like
In the wake of Bitcoin and Ethereum spot ETF approvals in the United States, the cryptocurrency community has turned its attention to Solana as the potential next contender in the ETF race. As the fifth-largest cryptocurrency by market capitalization, Solana’s unique position in the crypto ecosystem has sparked discussions about
Solana has maintained a steady bullish trend over the past day, with the moving average at $130.82, below its current trading value of $133.84. The RSI is near neutral at 45.42, indicating a stable momentum. Recent whale activity has notably influenced Solana’s price in the last 24 hours. A whale
Solana (SOL) has demonstrated remarkable resilience in the face of recent market turbulence, with its price action and network metrics painting a complex picture of challenges and opportunities. The slumpish market pushed OL to test levels near $121 amidst a surge in trading volume that exceeded $3 billion. This price
