“Many whales unstaked and dumped SOL today,” reported blockchain analytics platform Lookonchain on April 4. It highlighted four transactions of over $3 million worth of the Solana native token, the largest of which was a whopping 258,646 SOL worth around $30 million. The Solana selloff has been a result of the meme coin bubble bursting...Read More
Market sentiment for Solana (SOL) is at the most negative levels seen in a month, according to data gathered by the on-chain intelligence platform Santiment. Investors are expressing more bearish sentiment about the sixth-largest cryptocurrency by market cap; however, Santiment says this may be a signal for an incoming price jump. Solana Sentiment Plunges to...Read More
Solana (SOL) has been downtrending and retracing heavily over the past month. The asset has declined 40% since its Jan. 19 all-time high of $293, and the trend seems set to continue as meme coin mania fades. Moreover, SOL is down a further 8% on the day, falling below $170 for the first time since...Read More
Binance Coin (BNB) has overtaken Solana (SOL) in market capitalization, solidifying its position as the fifth-largest cryptocurrency in the market. This shift comes in the wake of a strong price rally for BNB, while Solana struggled with recent declines. BNB Up, Solana Down At the time of this writing, BNB’s market cap stood at $102.9...Read More
The options and derivatives exchange CBOE has filed applications seeking the launch of Solana exchange-traded funds (ETFs) for four leading asset managers in the United States. This development has once again restarted the race for the first SOL exchange-traded fund in the country. According to details on the CBOE rule filings site, the exchange has...Read More
Digital asset investment products saw modest inflows of $48 million last week. While nearly $1 billion flowed in during the early part of the week, outflows of $940 million in the latter half reversed much of the gains. This shift followed the release of new macroeconomic data and the Federal Reserve’s minutes, which signaled a...Read More
Last week saw $308 million in inflows into digital asset investment products, although this was overshadowed by a major outflow of $576 million on December 19th. The last two days of the week saw total outflows of $1 billion. The recent price declines led to a $17.7 billion drop in the total assets under management...Read More
Crypto exchange-traded fund (ETF) issuer Bitwise predicted that 2025 will usher in the Golden Age of Crypto. In its latest report, Bitwise outlined a stellar 2025 for Bitcoin, Ethereum, and Solana, building on their impressive 2024 performances. Among other things, AI-driven meme coins are also expected to gain traction in the coming year. Bitcoin to...Read More
While Bitcoin struggles to hit the coveted $100k threshold, several altcoins have taken the charge to post impressive rallies. One such is Binance Coin (BNB), which has soared to a new all-time high six months later. In just the past 24 hours, BNB has surged by over 22%, reaching a record high of $793 on...Read More
The 2024 cryptocurrency market witnessed an explosive rally, spurred by Donald Trump’s victory in the Presidential Election. Data suggest that interest in Layer 1 blockchain solutions has soared, as these platforms provide the foundation for dApps and Smart Contracts, intensifying the race for L1 dominance. Unlikely Cryptos Take Center Stage According to the latest report...Read More
The promise of a pro-crypto regulatory environment led by the incoming administration of the United States President Donald Trump has triggered a positive effect among cryptocurrencies, with the native assets of layer-1 blockchains raking in substantial gains. According to a CryptoQuant report, crypto assets like XRP, TRX, Toncoin (TON), SOL, ADA, the native assets of...Read More
The race to launch the first Solana-focused exchange-traded fund (ETF) is heating up, with four major issuers filing applications with the Chicago Board Options Exchange (CBOE). This development seems to have triggered a charge leading to the price of Solana’s native SOL token to a new all-time high (ATH), pushing it almost past $263 only...Read More
A dormant Ethereum whale has resurfaced, sparking intrigue as the price of the world’s largest altcoin rallies amidst a broader market surge. According to Lookonchain, this whale amassed 398,889 ETH – worth $2.4 million at the time – between January 18 and March 10, 2016, at an average price of just $6 per ether. The...Read More
Crypto market capitalization surged to an all-time high of $3.44 trillion on Friday, Nov. 22. It has been primarily driven by Bitcoin, which topped $99,000 at a new all-time high as its dominance remains high at over 60%. However, several altcoins are also making big moves, with many showing double-digit growth today. Solana (SOL) is the...Read More
Solana (SOL) has surpassed Binance Coin (BNB) to become the fourth-largest cryptocurrency by market valuation. The achievement comes amidst a marketwide surge that saw several major altcoins explode, with the leading cryptocurrency, Bitcoin (BTC), hitting a new all-time high (ATH) price of over $75,000. Solana’s Weekly Performance Outshines Market Solana’s jump was solidified by a...Read More
As Solana solidifies its position alongside Bitcoin and Ethereum as one of crypto’s top tiers, and with BTC and ETH already having or nearing U.S. spot ETFs, SOL’s potential for the next spot ETF naturally comes into focus. A recent analysis by GSR Markets suggests that such ETFs could catalyze an increase in SOL’s price,...Read More
The bankrupt crypto exchange FTX has concluded the sale of $2.6 billion worth of discounted Solana tokens. Figure Markets and Pantera Capital were among the buyers who raked up the final troves of SOL tokens from FTX after weeks of auctions. The results of the auction were disclosed by two undisclosed sources, according to Bloomberg,...Read More
Solana’s native token, SOL, surged by double digits within a 24-hour period. At the time of reporting, SOL is valued at $161 after tapping $165 earlier, with a 24-hour trading volume of $3.7 billion, marking an increase of 56.6%. According to CoinGecko data, SOL is the fifth largest cryptocurrency, with a market cap of $73.1...Read More
The host of Coin Bureau, Guy Turner, tells his two million followers on YouTube that SOL might be on a potential 35% – 45% breakout above the $300 mark. Turner’s bullish outlook is based on promising weekly and monthly charts throughout the beginning of 2024. According to him, SOL is looking “incredibly bullish” on both...Read More
Solana’s market capitalization has topped $90 billion following a 10% gain on the day for SOL. This has driven token prices to just below $205, the highest level since December 2021. Furthermore, SOL has gained a whopping 45% over the past seven days as altcoins start to move in the wake of Bitcoin’s retreat from...Read More
Solana has been highly favored among altcoins, yet its reputation took a hit due to significant network outages. Despite the overall market surge and renewed investor confidence in 2024, inflows into digital asset investment products associated with Solana were not substantial. However, there are signs of a gradual shift in this trend as Solana investment...Read More
Bitcoin reached a fresh all-time peak, surpassing $69,300 this week, only to swiftly correct by over 10%. Prior to this event, the open interest in Bitcoin futures and perpetual pairs surged to unprecedented levels. Despite Bitcoin’s overall gain of almost 55% in the past month, the sudden drop in its value has left investors uncertain...Read More
Leading crypto price and data-tracking platform, CoinMarketCap, has announced the winners of the first-ever CMC Crypto Awards event hosted in 2024. According to a release seen by CryptoPotato, the award categories include Crypto of the Year, Bridge Builder of the Year, Memecoin of the Year, Social Influencer to Watch, Crypto Leader Of The Year, and...Read More
Many industry experts have given their two cents on the future of the crypto market in the next 12 months, and most of them lean bullish. The most common reason is Bitcoin. In April 2024, the cryptocurrency will go through its pre-programmed halving, which will slash block rewards in half. This means that the supply...Read More
Solana is down. The popular layer-one hasn’t been offline for quite a while, but it appears that the network isn’t functioning for a bit. According to an official update from the Solana Status account, the “mainnet-beta” experienced an outage, and engineers across the ecosystem are working to identify the issue. The update is from 10:22...Read More
Crypto analyst Michaël van de Poppe says altcoin season is “now.” However, according to the MN Trading Consultancy CEO and founder, there are only three months left to make entries at value. The value-based investing and trading analyst with nearly 700K followers on X, wrote in a recent post, “Pretty clear that 3-8 months before...Read More
Following an impressive resurgence, Solana has emerged as one of the hottest cryptocurrencies in recent weeks. The digital asset has witnessed a remarkable surge, soaring by over 775% in the last year, attracting investors eager to leverage its impressive rally, which in turn has pumped several tokens based on the Solana blockchain. BORK Mania on...Read More
Messari’s latest newsletter posits that the industry is witnessing crypto’s adolescence, emphasizing that smart contract blockspace is becoming a commodity. CEO Ryan Selkis acknowledged 2023 as Ethereum’s best year yet, citing its status as the strongest network in terms of community size and revenue generation through fees. However, he suggested that the crypto industry is...Read More
Solana’s native – SOL – token has been on an absolute tear this month. After flipping XRP, it briefly surpassed BNB before settling as the fifth-largest crypto asset. Over the past week alone, SOL has surged by nearly 23%, partly fueled by the excitement surrounding airdrops, which contributed to the complete sell-out of Solana’s Saga...Read More
Solana-based popular dog-themed memecoin – BONK – has rallied by more than 537% over the past month. One of the main factors that boosted a remarkable 40% surge last week was its listing on Coinbase, which subsequently pushed its YTD increase to 850%. BONK originated last year amid the decline of sentiment surrounding the Solana...Read More
