Solana (SOL) finds itself at a critical juncture after narrowly avoiding a breach of its crucial $126 support level, a price point that has safeguarded the cryptocurrency from major downturns since early March. As the digital asset shows signs of recovery, investors are keenly observing technical indicators for clues about
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
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
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
