Solana (SOL) Faces Sell-Off Fears as Whales Move 200,000 Tokens to Binance
2 weeks ago 1 min read

Whale moves 200,000 Solana (SOL) worth around $10 million to Binance

A significant amount of Solana (SOL) tokens, totaling around 200,000 SOL and valued at more than $10 million, were transferred to Binance, causing a jolt in the cryptocurrency market. This significant movement has fueled speculation about a possible sell-off, resulting in a 1.89% drop in SOL’s price in the last 24 hours. A crypto whale transferred 200,000 SOL tokens to Binance, causing concern and rumors in the cryptocurrency community. The timing of this transfer coincided with a slight drop in the price of SOL, prompting market participants to speculate on the motivations behind such a large movement. The impact of

Solana (SOL) Price Surges Over 46% in the Last 7 Days
4 weeks ago 1 min read

Solana (SOL) Price Surges By Over 46% in the Last 7 Days

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 is the overall bullish condition prevailing in the cryptocurrency market. Notably, major players like Bitcoin (BTC) and Ethereum (ETH) have also reached yearly peaks, indicating a broader upward trend. The

The SOL price soared, hitting its highest mark at $60, the best it’s been since May 2022.
4 weeks ago 1 min read

Solana (SOL) Price Surges 500% this Year

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 like Bitcoin (BTC) and Ethereum (ETH). This sudden surge is thanks to new holders joining the Solana community, injecting more cash. Also, there are many traditional companies showing an interest

FTX has initiated the movement of 750K in Solana (SOL)
1 month ago 1 min read

Solana price drops as FTX transfers $30 million in SOL to Binance and Kraken

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 in SOL to various exchanges through a series of transactions. This series of movements is creating selling pressure on the token. SOL holds a significant place on the FTX estate’s

What's Driving Solana to a 15-Month High?
1 month ago 1 min read

Solana Hits 15-Month High – What’s Behind the Surge?

Solana has been on a remarkable run lately, with its value surging by 81% in the past month. During the last week alone, it saw a more than 30% increase in price, marking a comeback that’s been quite the showstopper. In contrast, Ethereum only managed to muster an 11% gain in the same timeframe. However, it’s essential to keep in mind that Solana still has some ground to cover, as it’s down by around 84% from its all-time high (ATM), which it reached in November 2021. The recent success of Solana can be largely attributed to the launch of Firedancer,

Solana's ChatGPT Plugin Launch Sends SOL Price Skyrocketing
8 months ago 1 min read

Solana’s Latest Integration with ChatGPT Sends SOL Price Soaring

Solana has recently announced its latest achievement, the creation of an open-source reference implementation for a ChatGPT plugin that allows users to interact with the Solana network directly from OpenAI’s ChatGPT. This marks Solana’s entry into the world of artificial intelligence (AI) and aims to enhance user experience on the network. The plugin allows users to check wallet balances, transfer Solana-native tokens, and buy non-fungible tokens (NFTs), as well as enabling developers to build AI-powered applications on the Solana network. The announcement comes two weeks after Solana unveiled its crypto-first ‘Saga’ Android phone, which will be available for purchase from

SOL Whales Transfer $60 Million to Coinbase
9 months ago 1 min read

Solana Whales Make Big Move: $60 Million in $SOL Transferred to Coinbase

A cluster of massive Solana whale wallets has recently caught the attention of the crypto community. According to data from whale monitoring service Whale Alert, these wallets have transferred over $60 million worth of $SOL to the Nasdaq-listed cryptocurrency exchange Coinbase in a series of transactions that suggest a single entity may be behind the movement of funds. The transactions were flagged by Whale Alert, which recorded a series of transfers worth between $12 million and $12.5 million of Solana to the US-based crypto trading platform. The transfers were completed within minutes of each other and involved between 599,999 and

Solana Outage Spurs Network Upgrade Proposal to Improve Stability
9 months ago 1 min read

Solana Network Proposes Upgrades to Address Recent Outage

Solana, a popular blockchain network, is taking steps to improve its network reliability following a significant outage that occurred on February 25. This outage lasted close to 20 hours and was the first interruption of service to occur in 2022. However, the network has faced 11 major outages and 3 minor ones, leading to a reputation for poor network reliability. Anatoly Yakovenko, co-founder of Solana, stated that last week’s outage was related to the 1.14 network update, which was meant to bring speed and scale improvements. However, the rollout of the update triggered significant network degradation, and the cause is

Solana Network
10 months ago 1 min read

Solana Network Recovers with Second Round of Rebooting

Solana, the high-performance blockchain network, is back online after two attempts to restart the network. The issue occurred on February 25, 2023, causing transaction processing on the network to stop. However, after diligent work from the Solana engineers, the issue has been resolved, and the network is now fully operational. According to Solana Status, a monitoring site for the network, the fix occurred at 01:28 UTC. The engineers continued to monitor the network’s performance and reported that the issue was resolved at 02:09 UTC. This isn’t the first time Solana has experienced downtime. The network has faced several challenges in

Solana (SOL) surges over 58%
11 months ago 1 min read

Solana Token Sees 58% Increase in Value Over Two Weeks

Solana (SOL) has seen a remarkable rebound in 2023. After experiencing a collapse of more than 80% over the course of last year, the price of SOL has more than doubled this month. According to CoinGecko, the price of SOL rose more than 58% to $23.70 in the last seven days. Not only has the price of SOL risen, but the trading volume for Solana has also seen a significant increase. The cryptocurrency saw its highest trading volume since the week of the spectacular collapse of crypto exchange FTX, which caused Solana’s value to plummet along with most of the

11 months ago 1 min read

Solana Foundation RPC shuts down unexpectedly

Due to a bug in the Solana Validator client’s test release 1.14, the Remote Procedure Call (RPC) endpoints used by crypto apps and wallets to access the Solana blockchain are temporarily offline. However, block production has not been affected, unlike previous outages which caused a freeze in block production for several hours. There are private RPC services such as Triton, QuickNode, and Alchemy that are still up and running and can be utilized. Austin Federa, the head of strategy and communications at the Solana Foundation, reported that the issue only applies to the RPC endpoints run by the Solana Foundation,

Solana FTX saga
1 year ago 2 mins read

Solana’s close ties to FTX result in structural and financial harm

The effects of FTX’s collapse are being felt throughout the entire cryptocurrency sector, with companies that were allegedly saved by the exchange now being dragged under alongside their former “savior,” Sam Bankman-Fried. While centralized organizations like lending platforms and custodial exchanges have been hit particularly hard, the state of the entire blockchain ecosystem also appears to be dire given its connections to FTX and Alameda. The price of SOL has decreased by over 50% since it became apparent that FTX and Alameda were having difficulties, and it has been there for the past few days. Other network tokens like ETH,