Solana, one of the leading altcoins, is facing an 8% decline amid an overall bearish market. The total cryptocurrency market cap has dropped by 4%, with Bitcoin, the dominant cryptocurrency, experiencing a similar 4% decline, currently trading at $58,601. Despite the downturn, Solana has shown resilience in the past week.
According to blockchain data tracker Whale Alert, Binance, a prominent cryptocurrency exchange, received a large transfer of Solana. A tweet from Whale Alert states that Binance received 154,912 SOL, with a value of $23,928,285. However, the wallet’s identity remains unidentified. When they plan to sell or trade their assets, whales—large
Solana (SOL) has demonstrated remarkable resilience, successfully breaking through key resistance levels and positioning itself for potential further gains. As the fifth-largest cryptocurrency by market capitalization, SOL’s recent performance has sparked discussions about its prospects in the ongoing crypto bull run. Solana’s price action has been nothing short of impressive,
Solana (SOL) has demonstrated remarkable resilience in the face of recent market turbulence, staging a major recovery after a steep decline. The fifth-largest cryptocurrency by market capitalization has rebounded from its recent low near $110, marking a dramatic turnaround that has caught the attention of market participants. Solana shows major
Solana (SOL) has recently encountered substantial headwinds, mirroring the broader cryptocurrency market’s downward trend. The digital asset’s value has seen a notable decrease over the past ten days, prompting a reassessment of its market position by various stakeholders. Solana Institutional Investors Respond to Market Shifts According to data from CoinShares,
Bitcoin (BTC) and Ethereum (ETH), the largest cryptocurrencies by market cap, have faced a critical and dramatic downturn that panicked the global crypto community. In the unforeseen market crash, BTC plummeted by 17%, hitting its 5-month-low at $49K. Likewise, ETH recorded a severe drop of 24%, priced below the $2.5K
For the first time to date, DEXs built on the Solana network surpassed those built on Ethereum, in terms of trading volume for the month of July. Solana had more daily trading volume than Ethereum for the whole month of July, according to DeFiLlama statistics for DEX volumes by blockchain.
The crypto market seems littered after the Fed’s decision, resulting in increased volatility. Bitcoin and Ethereum have declined and slipped to their previous lows. Notably, Solana also stepped into bearish momentum after its brief upward breakout. SOL exhibited over -3% price decline in the past day, causing the token to
Uniswap’s market sees heightened activity as it approaches a pivotal $7.21 support level, propelled by a substantial whale acquisition of 1.43 million UNI tokens, indicative of a positive trend. Meanwhile, Solana (SOL) is in the spotlight due to its optimistic price prediction and the possibility of an ETF endorsement. Yet,
The overall crypto market witnessed a slight price dip of 3.28% in the last 24 hours. Leading cryptocurrencies, Bitcoin and Ethereum also showed price declines going back to previous trading levels. Notably, the second largest altcoin, Solana also incurred bearish movements after the upward movements. According to CMC data, SOL
