The recent Solana (SOL) transactions made by defunct crypto exchange FTX have garnered a lot of attention. PeckShieldAlert reported today that a whopping 470,000 SOL tokens worth $15 million were moved to an address affiliated with FTX on Solana and labelled as cold storage. The funds were partially transferred to
Solana (SOL) has lately made ripples in the crypto market by rising to the $31 level, attracting the attention of the community. This result is evidence of the SOL market’s optimistic sentiment’s strength. However, at the time of writing, SOL has witnessed brief retracement. In only 10 months, the price
In a nod to the Uptober tradition, Solana (SOL) has witnessed a substantial resurgence, with its price making a notable rebound from the $26 threshold. Today, SOL has soared by an additional 7%, hitting a three-month high at $28.13. This significant performance continues to set Solana apart from the rest
Bitcoin’s rise over $29k has given altcoins substantial optimistic traction, allowing them to quickly regain lost ground. The SOL price makes a strong increase over the key $25 resistance level, signaling the start of a breakout rally amid the general market upswing. Solana (SOL) soared early Friday morning, breaking above
According to analysis by altFINS, Solana has seen a bullish breakout from a falling wedge pattern, rallying 20% to reach the target resistance zone of $25–30. Short- and medium-term trends have now inflected to uptrend status. After breaking wedge resistance, Solana reached altFINS’ projected area of contention between $25 and
Following a vote in favor of discontinuing the Lido on Solana protocol, Lido Finance, a decentralized liquid staking platform, will cease its Solana operations. It will “begin shortly” according to a blog post published by Lido on Monday, which states that the organization will cease its Solana staking product. 65
To take advantage of the Web3 potential in Dubai, Solana Foundation, the non-profit behind the layer-1 blockchain Solana, has become an ecosystem partner with the Dubai Multi Commodities Centre (DMCC), the biggest free trade zone in the United Arab Emirates. According to the announcement, Solana will be able to provide
From one of the primary wallet addresses on the Solana blockchain, an address controlled by the FTX trustee staked 5.5 million SOL tokens, with an estimated value of $122 million as per Solana block explorer SolanaFM. Before this change, SOL investors were worried that the FTX trustee may sell the
Solana co-founder Anatoly Yakovenko is citing an “obvious” use of cryptocurrencies and blockchain technology. Yakovenko cites straightforward payments as an example of an application of digital assets that may benefit everyone in a recent interview with Austin Federa, Head of strategy at the Solana Foundation. Solana validator indicators such as
Solana’s inflows spiked dramatically last week, putting it above all other altcoins and even Bitcoin. According to a new report from Coinshares, Solana has been receiving a lot of attention due to its recent achievements. The cryptocurrency has gathered about $24 million, marking its greatest influx since March 2022. The
