In continuation of a trend spanning 11 weeks, digital asset investment products have seen a steady influx of funds, totaling $43 million, according to the latest CoinShares report. Notably, the report highlights a substantial increase in short position inflows, attributed to recent price appreciation and concerns about potential downside risks.
The co-founder of Solana, Anatoly Yakovenko, recently reflected on the path that culminated in the establishment of Solana, a cryptocurrency project with a value more than $30 billion. The Twitter post by Yakovenko commemorates the six-year anniversary of his fundraising efforts for Solana (SOL), the project he started on December
It is possible that the recent price spike of SOL was caused by the issuance of Jito tokens to users of Solana. The Jito Network airdrop caused the JTO token to surge 88% to a new all-time high of $3.18, much to the delight of the Solana community. Thanks to
According to Solana founder Anatoly Yakovenko, who recently spoke on Laura Shin’s Unchained podcast, the future of Solana’s Saga Phone is questionable due to low sales and shifting market dynamics. Earlier this year, the phone was available for purchase; in August, its price was reduced from $1,000 to $599. During
As a result of renewed hope that a spot bitcoin ETF would be approved in the United States, the crypto market is experiencing a boom, and Bitcoin broke above $44,000 for the first time since April 2022. The general market, and Solana in particular, are benefiting from this rising pattern.
As Bitcoin broke beyond the $41,500 barrier, the cryptocurrency sector as a whole has witnessed a tremendous surge. Moreover, Ethereum is also witnessing strong bullish momentum and is trading above the $2200 level at the time of writing. Furthermore, most altcoins have risen sharply, indicating widespread optimism in the cryptocurrency
Solana and most altcoins have been riding the current bullish momentum. Late Tuesday, Bitcoin’s price began to climb as Federal Reserve governor Chris Waller signaled a possible economic slowdown and continued inflation moderation, praising the “right spot” for present policies. Additionally, Waller said that there is a strong case for
In the bustling landscape of non-fungible tokens (NFTs), the Solana-based Mad Lads NFT has surged to unprecedented heights, marking a significant milestone with its floor price reaching a new all-time high in the realm of Solana’s digital collectibles. Over the span of 24 hours, the MLADS witnessed a staggering surge,
After a large number of Solana (SOL) tokens were transferred to an exchange, worries of a sell-off have increased among the crypto community. Solana pricing after having an extensive bull run has been consistently trading under negative pressure, increasing fears of a major price drop before the year-end. According to
A crypto whale moved a significant quantity of Solana (SOL) to Binance exchange. Over $10M was the estimated worth of the transaction, which included 199,999 SOL. Concerned investors have been fueling rumors of a sell-off due to the recent whale transfer. Well-known crypto YouTuber Ben Armstrong predicts that Solana will
