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
In a surprising turn of events, a prominent Cardano (ADA) whale who has held a significant position since 2017 has recently liquidated their ADA holdings. This whale, a longtime believer in Cardano’s potential, has now shifted focus to an emerging Real-World Asset (RWA) tokenization project, signaling a growing trend among
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
Pump.fun, a Solana-based marketplace for creating and distributing custom tokens, primarily memecoins, has made headlines with a peculiar warning to U.S. users. On September 10, the platform took to Twitter to issue a public service announcement: “PSA: If you are a sensitive American, please avoid visiting Pump.fun in the next
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
On September 6, the Crypto Fear & Greed Index, which measures market sentiment, dropped to 22. Investor confidence has taken a clear nosedive, since the indicator has not hit “extreme fear” since mid-August. According to Arthur Hayes, the former CEO of BitMEX, Bitcoin may drop below $50,000. On Friday, Hayes
Three Arrows Capital (3AC) cofounder Su Zhu recently wrote in an X post praising SOL’s prospects. As the Breakpoint event draws near, Zhu projected that the price of Solana would rise. To set the scene, Solana hosts an annual conference called the Breakpoint event where ecosystem experts get together to
The Solana Virtual Machine (SVM) ecosystem’s leading innovator, Sonic SVM, has announced the public sale of HyperFuse Nodes, providing community members with an exclusive opportunity to take part in the quickly expanding SVM ecosystem. Purchasers of Nodes get access to State-of-the-Art SVM Technology, contributing to Multi-SVM ecosystem security and earning tokens.
Solana (SOL) finds itself at a critical juncture following weeks of heightened volatility and a 20% drawdown in late August. Despite multiple failed attempts to breach the $160 resistance level, recent shifts in market behavior and key technical indicators suggest a potential rebound may be on the horizon, rekindling optimism
