Solana’s (SOL) making waves in the crypto world, pushing through the tough times to show a strong comeback. The SOL price soared, hitting its highest mark at $60, the best it’s been since May 2022. Solana has been on fire, as it shot up by 178% in the last month, and has seen an incredible 500% surge throughout this year. To put that into perspective, it’s outpaced the largest crypto
The FTX exchange has initiated the movement of 750,000 Solana (SOL), which is valued at around $30 million, to crypto exchanges Binance and Kraken. This move is the initial step in preparation for a potential sale, and it has had a notable impact on the token’s price, causing a 5% drop over a 24-hour period. The FTX estate, previously a cryptocurrency exchange, has already shifted a total of $102 million
Over the past 48 hours, Solana has taken the cryptocurrency market by surprise with a substantial price surge, now sitting at $24.41. This unexpected leap has propelled Solana beyond a significant resistance level known as the 200 Exponential Moving Average (EMA), a crucial point of interest for traders. What makes this rally even more intriguing is the fact that Solana has recently been heavily shorted, raising the possibility that we
Solana (SOL) is grabbing attention as it broke out of its latest price. In the latest price analysis, one SOL token is currently trading at around $22.80. This development is capturing the interest of traders and investors, especially those closely monitoring the SOL/ETH trading pair. The significance of this potential breakout cannot be overstated. It holds two-fold importance for the cryptocurrency community. Firstly, it signals an uptick in Solana’s volatility,
Despite facing regulatory challenges and a wave of delistings, Solana (SOL) has showcased remarkable resilience and made a strong comeback in recent weeks. Crypto has emerged as one of the top-performing digital assets, defying the odds and demonstrating its strength during a period of recovery. At the time of writing on July 13, Solana was trading at $21.84, experiencing a minor 0.62% decline in the past 24 hours. However, over
As the cryptocurrency market trades sideways, Solana (SOL), a decentralized finance (DeFi) platform, stands out with significant buying pressure and impressive price gains. With a market capitalization of $8.96 billion and a $1.02 billion inflow in the last 24 hours, SOL has demonstrated its strength and resilience in the face of market uncertainties. SOL’s price trajectory has remained positive, holding above the $20 support level and currently valued at $22.17
In a recent email sent to its U.S.-based users on June 28, the prominent U.K. fintech firm Revolut dropped a bombshell announcement: it is discontinuing support for three major cryptocurrencies. Cardano (ADA), Polygon (MATIC), and Solana (SOL) will no longer be available for purchase through the Revolut app, effective immediately. Furthermore, Revolut plans to take things a step further in the future. At an unspecified date, users will no longer
The crypto market faced a sharp decline, with a 3.6% drop in total market capitalization, following the announcement of a new lawsuit by the United States Securities and Exchange Commission (SEC) against Binance, a prominent cryptocurrency exchange. In the lawsuit, the SEC alleges that Binance and its CEO, Changpeng Zhao, failed to comply with regulations by allowing U.S. users to access Binance.com, engaging in unregistered crypto offerings and sales, and
The U.S. Securities and Exchange Commission (SEC) has intensified its regulatory actions against cryptocurrencies, as it included 10 additional tokens in its charges against Binance on Monday. According to court documents, the SEC identified SOL, ADA, MATIC, FIL, ATOM, SAND, MANA, ALGO, AXS, and COTI as securities, referring to them as “crypto asset securities” in its complaint. The SEC alleges that Binance unlawfully solicited U.S. investors to engage in trading