Solana

Solana funds face a record $39 million outflow as investors grow concerned

August 21, 2024 2 mins read

Solana funds experienced a significant outflow of $39 million last week, marking the largest weekly withdrawal on record for the cryptocurrency. Analysts believe this may be due to investor concerns about Solana’s heavy reliance on memecoins, which has raised concerns about the platform’s stability and long-term prospects. CoinShares’ report on digital asset fund flows highlighted these significant outflows, with $37 million coming from the 21Shares Solana ETP and another $2

The SEC’s concerns about Solana’s security status have delayed potential ETF approvals

August 20, 2024 2 mins read

The U.S. Securities and Exchange Commission (SEC) has classified Solana (SOL) as a possible securities, which has impeded the launch of SOL ETFs. As a result, the Chicago Board Options Exchange (Cboe) has withdrawn the necessary 19b-4 forms from its website, causing a delay in the certification process. The SEC concerns have resulted in the withdrawal of VanEck and 21Shares’ 19b-4 forms, which are crucial documentation for the listing of

Over $340 Million worth of Solana (SOL) tokens set to be unlocked this month

August 18, 2024 1 min read

Solana (SOL) is scheduled to deliver its most substantial issuance this month, which has the ability to influence the price of altcoins. Wazz Crypto, a market expert, proposes that the trend of unlocking tokens may intensify, resulting in faster and more aggressive sell-offs. Nevertheless, there has been a change this week in the actions of investors and traders who are now withdrawing their investments from altcoins, as indicated by substantial

Analysts predict Solana breakout that could drive its price to $500

August 16, 2024 1 min read

Although the crypto market is seeing a decline, there is a growing sense of optimism surrounding Solana (SOL). Curbo, a market strategist and trader, has identified Solana’s upcoming price goals as $400 and $500. Curbo has expressed strong confidence in Solana’s long-term potential. He has the belief that Solana must break out of its current consolidation phase to attain these objectives. Curbo says that if SOL can successfully surpass this

Solana’s transaction failure rate has soars to 65%, raising concerns about its reliability

August 9, 2024 1 min read

Solana, a blockchain renowned for its rapid transaction processing, is currently under scrutiny because to its elevated transaction failure rates. The network’s reliability is being called into doubt due to its high failure rate, despite its well-known reputation for speed and inexpensive costs. Jupiter, a decentralized exchange aggregator operating on the Solana blockchain, has reported a daily transaction success rate of only 35%, with over 65% of transactions being unprocessed.

Solana drops by over 20% to trade near $110 before bouncing back to around $129

August 5, 2024 1 min read

In the last 24 hours, crypto traders have experienced a loss of more than $1 billion in their trading positions, as Solana’s value has dropped by over 20% before bouncing back to around $129. The decrease in value is ascribed to investor apprehensions regarding a potential economic downturn in the United States, the monetary policies of the Federal Reserve, and geopolitical conflicts. Amidst a decline in crypto prices on Monday,

Over $4 million in short positions liquidated as Solana’s (SOL) price rose to above $187

July 27, 2024 1 min read

In the last 24 hours, the cryptocurrency market has experienced liquidations totaling more than $63 million, with around $45 million coming from short positions. The price of Solana (SOL) rose above $187, resulting in the liquidation of around $4 million worth of negative positions. Poodlana experienced a significant increase in presale value, surpassing $3 million, primarily driven by investor demand in Asia. Although there was a substantial decrease of 67%

Solana’s price surges by over 8%, from $165 to a high of $180

July 27, 2024 1 min read

Solana (SOL) has garnered significant interest in the international crypto market as a result of the substantial increase in Bitcoin’s value and the news of the Ethereum Exchange-Traded Fund (ETF). Franklin Templeton, a well-known investment management company, is contemplating the submission of a Solana Exchange-Traded Fund (ETF), in line with the actions taken by VanEck and 21Shares. The price of Solana has surged by more than 8.48% in the last

Ethereum (ETH) price falls by over 7%, while the overall crypto market was down nearly 4%

July 25, 2024 1 min read

Ethereum (ETH) declined by over 7% throughout the last 24 hours, while the entire cryptocurrency market decreased by over 4%. This drop is attributed to investors evaluating the consequences of Mt. Gox’s recent transactions and broader economic events. At the time of writing, the value of Ether was around $3,185, reflecting a decrease of 7.9% in the past 24 hours. At the time of writing, the value of Bitcoin had

Solana surpasses Ethereum and BNB Chain in DEX volume

July 23, 2024 1 min read

Solana has surpassed Ethereum and BNB Chain in decentralized exchange (DEX) volume, representing over 37% of total DEX traffic. This surge in value is attributed to growing confidence in the Solana network, as its total value locked (TVL) has surpassed levels seen before the 2022 bearish market. Factors contributing to this increase include the rise in trading of meme coins on Solana’s decentralized applications, the efficacy of apps built on

Zeebit Plans to Launch Solana’s Onchain Web3 Risk-on Microgaming Platform

July 18, 2024 1 min read

Zeebit plans to introduce the inaugural completely decentralized risk-on microgaming platform on Solana blockchain, constructed with Sonic infrastructure. The platform will include traditional casino games, player versus player (PVP) games, and Web3 native high-risk experiences. These offerings will be supported by a system that ensures fairness and transparency, as well as a settlement process that does not involve custodial control. Zeebit’s platform will utilize Sonic’s scalable Layer 2 (L2) platform,

ShibSharks (SHSH) Set to Redefine Meme Tokens with Solana Blockchain Integration

July 8, 2024 2 mins read

ShibSharks (SHSH) is a new meme-based cryptocurrency project built on the Solana blockchain. It aims to create a strong, engaged community while offering various practical features. The project seeks to integrate the playful nature of meme tokens with the technological advantages of the Solana blockchain. The SHSH team aims for their platform to gain traction among crypto users, including investors, shoppers, and dedicated gamblers. Meme Coins: A Growing Phenomenon Meme coins