The crypto market has witnessed bullish turns, with the market cap recording a 2.90% spike. Nonetheless, volatility has persisted over the past week. Solana (SOL), the fifth-largest cryptocurrency, has faced significant challenges throughout August, with its price dropping to $110—its lowest level in the past five months. SOL’s has briefly
Solana (SOL) finds itself at a critical juncture as it grapples with formidable resistance at the $160 level, having made two unsuccessful attempts to breach this threshold in August alone. While these setbacks have dampened short-term sentiment, the potential for recovery remains, contingent on a shift in investor outlook. However,
Solana’s meme coin market has taken a sharp decline, with a 21.7% drop over the past week. The downturn comes as the popular token launchpad, Pump.fun, witnessed a drastic drop in user activity and new token creation. Recently, Pump.fun has created 5,388 new tokens on Solana, as per Dune Analytics.
Solana’s [SOL] NFT market demonstrated notable resilience in August, emerging as the second-highest blockchain by NFT sales volume, only trailing behind Ethereum [ETH]. According to data from Coin98 Analytics, Ethereum recorded $131 million in NFT sales, while Solana followed closely with $79 million. Bitcoin [BTC] also made it to the
JPool is a user-friendly, transparent, and profitable liquid staking platform operating since 2021 and offering a range of flexible staking products and auxiliary tools. Currently based on Solana, JPool is evolving into a multichain platform, connecting users to a wealth of liquid staking opportunities across the crypto space. JPool is
Recent on-chain data has shown a concerning pattern involving a whale investment in Solana (SOL). Some have speculated that the anonymous investor may have been involved in a dump. After being caught unstaking and withdrawing a significant amount of SOL. In a post on X, the on-chain data analytics tool
Solana (SOL) finds itself navigating turbulent waters as its value has plummeted by 25% over the past month, recently breaching critical technical support levels. This decline not only reflects SOL’s ongoing struggle to overcome resistance but also signals a potential erosion of positive market sentiment, potentially paving the way for
Solana’s recent resurgence was short-lived as the cryptocurrency succumbed to bearish pressure, dropping to a two-week low of $137 today. Over the past 24 hours, SOL has declined by nearly 4%, with trading volume plummeting by 19%. The token has also experienced a 24% decrease over the past month. Despite
In the cryptocurrency sector, volatility in prices is a daily occurrence. Despite that, significant movements in charts often tend to draw investors’ attention. Relatedly, the second largest altcoin, Solana, showed such price movements. The token has seen a price drop of 4.54% in the last 24 hours. Solana, the native
Solana (SOL) has again captured attention with its recent price movements and significant whale activity. Yesterday, Solana hit a 17-day high of $162, marking an 8% surge over the past seven days. Currently, SOL is trading at $159, experiencing a modest 0.46% decline, while its trading volume has spiked by
