SOL, Solana’s native cryptocurrency, has begun an impressive ascent, breaking through the $110 barrier, demonstrating resilience, and sustaining a remarkable three-week climb. This surge coincides with the overall industry recovery and increased meme coin activity, which contributes to Solana’s growing acceptance.
Solana (SOL) has experienced a 58% surge in the last week, reaching over $110 and securing its position as the fourth-largest crypto by market capitalization. SOL has surpassed Binance Coin (BNB), which has a market value of $41.1 billion. Solana is currently trading at $114, in line with the broader trend of a staggering 876% increase since the beginning of the year, including a remarkable five-fold increase in the last
Arthur Hayes, the co-founder of BitMEX, has made a shift in his investment strategy, moving from Solana (SOL) to Ethereum (ETH). The unexpected decision, announced on the X platform, was attributed to a “divine message” Hayes claimed to have received during meditation. Alongside this switch, he made a bold prediction, foreseeing Ethereum’s price potentially hitting $5,000. Despite Solana’s recent achievements, reaching milestones and climbing close to $100, Hayes opted to
Solana, the blockchain sensation, is making headlines in the cryptocurrency market due to its exceptional performance. Within 24 hours, the native SOL token increased by 14%, reaching a remarkable nineteen-month high of $85. This surge not only increased Solana’s market capitalization by over 14% but also secured its place among the top five cryptos, with a current valuation of $36 billion, surpassing XRP. The increase in SOL’s price was not
Aurory, a Solana blockchain-based gaming platform, recently experienced a significant security breach, resulting in an 80% loss in its AURY-USDC pool liquidity. The exploit targeted Camelot’s DEX Arbitrum’s SyncSpace Aurory Bridge, prompting the Aurory team to take immediate action. The hacker exploited a vulnerability in the SyncSpace bridge to withdraw and sell approximately 600,000 $AURY tokens to Arbitrum. In response, the team quickly disabled SyncSpace to avoid further complications while
Anatoly Yakovenko, the co-founder of Solana, took a moment to reflect on the six-year journey that led to the establishment of Solana (SOL), a crypto project currently valued at more than $30 billion, in a recent Twitter post. Yakovenko discussed the difficulties encountered during the early stages of fundraising and development for Solana. Yakovenko’s Twitter post marks the sixth anniversary of his fundraising efforts for Solana, which began on December
Google has announced changes to its crypto advertisements policy to improve its advertising standards and protect users from potential crypto investment risks. These updates are focused on Cryptocurrency Coin Trusts, which are financial instruments that simplify the trading of shares in trusts that hold significant amounts of crypto. The changes are intended to provide users with more reliable information while also protecting them from potential risks associated with crypto investments.
Bonk (BONK), a Solana-based dog-themed memecoin, has risen to become the third-largest memecoin in terms of market capitalization. This unexpected surge, which occurred on December 8th, saw Bonk’s price increase by an impressive 370% in the previous month, propelling its market capitalization to $762 million, surpassing competitors such as Pepe. According to CoinGecko data, Bonk has risen from $0.0000028 to $0.000012 in the last 30 days. This surge outpaced more
Solana (SOL) has made headlines by breaking a new daily transaction record, demonstrating strong interest in the crypto community. Solana’s network reached an all-time high with 51.63 million daily transactions. This performance propelled Solana’s price to $59.58, resulting in a weekly gain of 1.53%. Solana’s trading volume reached $1.2 billion, demonstrating its significant market presence. Despite a retracement, the overall outlook for Solana remains positive, with the coin currently trading
According to recent on-chain data, large-scale investors, known as “whales,” are actively engaging with promising crypto projects. Notable projects attracting attention include InQubeta (QUBE), Celestia (TIA), Solana (SOL), and Cardano (ADA), all of which present appealing options for long-term gains. QUBE (InQubeta): InQubeta stands out for its innovative approach to facilitating financial access for AI startups in the cryptocurrency space. InQubeta has captured whale interest, as evidenced by the success
The cryptocurrency market has been a hotbed of activity in recent times, with Bitcoin’s resurgence above $35,000 igniting a frenzy in the altcoin space. Among the notable altcoins, Ripple (XRP) and Solana (SOL) have made impressive gains, but GameStop Memes (GME) presents a unique opportunity that sets it apart from the competition. In this article, we’ll delve into why GameStop Memes could be the preferred choice for investors in the
In a recent surge, Solana’s native token, SOL, has experienced a significant uptick, climbing by over 46% in the last 7 days. This builds on an impressive trend, with SOL marking a 46% increase over the past week and a remarkable 160% surge in the last month. As of now, SOL is priced at around $63, reflecting the bullish sentiment surrounding the cryptocurrency. One contributing factor to SOL’s positive valuation