The second largest altcoin Solana showed price declines in the last 24 hours, amid market declines. SOL, despite receiving market attention for memecoins failed to price in the meme season over the past month. In the last 24 hours, the altcoin has shown bearish movements, hitting its weekly low momentarily.
Solana’s price is currently exhibiting the potential for an extended bearish trend, which could result in a decline of more than 8% in the upcoming days. While the recent FUD (Fear, Uncertainty, and Doubt) trade appears to have played out, a prolonged bearish phase may place the token in a
Pixelverse, a Web3 gaming ecosystem, plans to include the meme coin character MEW, based on Solana, into its real-time game rooster. The Pixelverse games operate inside the Telegram ecosystem, and this shift is expected to draw in new participants. The first meme coin based on Solana to be featured on TON will be MEW. Kori Leon,
Pandiana, the pioneering meme-infused utility token on the Solana blockchain, is thrilled to announce the successful closure of a $500,000 pre-seed funding round. This significant investment led by a consortium of strategic angel investors from the web3 community, including AlphaEquity Capital, YNK Capital, and Gateron Ventures, propels Pandiana into a
Compared to the previous quarter, Solana’s liquid staking rate increased by 1.76%. The amount of cryptocurrency staked on liquid staking platforms exceeds $54 billion, as reported by DefiLlama. Users may earn additional profits and keep liquidity with a derivative token for DeFi using liquid staking, which is different from regular
Today, the global cryptocurrency market has shifted to a positive trend, with memecoins making significant strides. Among these, Mog Coin (MOG), an Ethereum-based memecoin, has seen a substantial increase in value, outpacing its competitor, BOOK OF MEME (BOME), in market cap and hitting an all-time high of $0.000002095. Over the
In the past few months, the NFT sector has shown minimal activity, while other crypto markets exhibited notable increases. However, with the onset of the new month, the community has initiated an optimistic outlook towards the sector. Relatively, the NFT collection Mad Lads, witnessed a 56% increase in total sales
A recent application for a spot Solana exchange-traded fund (ETF) by VanEck and 21Shares likely caused the price of Solana to jump. Moreover, there has been discussion of a potential price surge as many critical measures have continued to improve in the last few days on the Solana blockchain. Solscan
21Shares, an asset management business located in Switzerland, has applied to launch a Solana ETF in the US. Subsequent to the pioneering action by big competitor VanEck, this filing arrives right after. The application is based on the idea that Solana does not qualify as a security in the United
As the cryptocurrency markets approach the close of the month and the conclusion of the first half of the year, certain tokens, particularly Solana (SOL), are exhibiting remarkable resilience. The SOL token has managed to maintain its position above the bullish range, indicating that the price could soon experience a
