Solana (SOL) has encountered significant selling pressure following its recent ascent to an all-time high of $264.63 on November 24. Currently trading at $232.72, the cryptocurrency has experienced a 12% retracement, prompting a notable shift in market sentiment and trading behavior. The derivatives market paints a particularly telling picture of
Solana (SOL) has captured the attention of the cryptocurrency market, soaring to an all-time high of $265 on November 23, 2024. This surge comes amid a broader bullish trend in the market, driven by Bitcoin‘s ascent towards $100,000. Notably, in the past month, Solana-based tokens have seen remarkable gains, with
As the cryptocurrency market anticipates for the upcoming altcoin season, several assets have shown price breakouts. At press time, the trading charts shows mixed trends, as Bitcoin (BTC) and Ethereum (ETH) is trading on the downside at $93.4K and $3.3K, respectively. Turning to altcoins, Solana (SOL) hit a new all-time
Solana has achieved a major milestone as its decentralized exchange (DEX) volume surpassed $100 billion in November. According to DefiLlama, Solana recorded $109.8 billion in DEX trading volume, doubling Ethereum’s $55 billion. The network also posted a remarkable 100% increase from October’s $52.5 billion, showcasing its dominance in DeFi. This
A recent phishing attack on the Solana blockchain has led to the theft of 7 million PYTH tokens, valued at approximately $2.9 million. PeckShield, a blockchain security firm, identified the incident as a “zero-transfer poisoning attack.” The stolen tokens were swapped for 11,000 SOL before being consolidated into another wallet.
HIO Music ($HIO), a fast-growing social music platform that leverages the Solana (SOL) network, has announced the date for its highly anticipated airdrop. According to the announcement, HIO Music, formerly Helios, will undertake the token generation event (TGE) on November 29, 2024. The HIO Music team has remained laser-focused and
Our optimistic sector is receiving its rewards quickly this cycle—Bitcoin hits a new ATH at $99K. The cryptocurrency’s bull run has reflected much attention back to market prices. While investors look around for what prompted this cycle, glad tidings have arrived within the regulatory sector as well. The present SEC
Bitcoin (BTC) crosses above the $98K mark, setting a new all-time high at $98,342. The BTC rally has altered the altcoin market, causing major assets, except Ethereum (ETH), to gain momentum. Among them, Solana has broken through its crucial resistance above $230. Notably, the altcoin has a moderate spike of
The leading asset manager and ETF issuer, Bitwise Investment, has officially filed the S-1 form titled “BITWISE SOLANA ETF” with the U.S. Securities and Exchange Commission (SEC) in Delaware on November 20, 2024. This filing positioned Bitwise with other asset managers, such as VanEck and Canary Capital, to directly expose
The Asian crypto community has yet again woken to Bitcoin hitting a new ATH. This time the digital asset has traversed into the $96K level and has managed to hold prices there. This price movement has also made up for the brief slump the overall market reflected this week. Meanwhile,
