Solana

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

November 15, 2023 1 min read

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

Solana (SOL) Price Surges 500% this Year

November 13, 2023 1 min read

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

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

November 6, 2023 1 min read

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

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

November 2, 2023 1 min read

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

Solana’s Latest Integration with ChatGPT Sends SOL Price Soaring

April 27, 2023 1 min read

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

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

March 8, 2023 1 min read

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

Solana Network Proposes Upgrades to Address Recent Outage

March 1, 2023 1 min read

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

Solana Network Recovers with Second Round of Rebooting

February 27, 2023 1 min read

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

Solana Token Sees 58% Increase in Value Over Two Weeks

January 16, 2023 1 min read

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

Solana Foundation RPC shuts down unexpectedly

January 9, 2023 1 min read

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

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

November 17, 2022 2 mins read

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

Solona developers are working to remove FTX’s influence over Solana-based Serum DEX

November 14, 2022 1 min read

Following the compromise of FTX, which resulted in hackers withdrawing over $400 million from the bankrupt exchange, Solana developers want to fork liquidity hub Serum. Given that FTX created Serum, many developers believe the FTX hack may have had an impact on the decentralized network. Anatoly Yakovenko, founder of Solana, stated that developers are forking the Serum code today and will resume the protocol without FTX involvement. This is required