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Solana (SOL) recently experienced a dramatic price drop, reaching a multi-month low of $126.15, marking a 57% decline from its yearly peak of $295. However, the cryptocurrency has since rebounded to $145, fueled by a significant whale purchase of $14 million worth of SOL. This accumulation helped mitigate selling pressure ahead of an upcoming $1.75…
Solana (SOL) just made a major stride toward broader financial adoption as two Solana futures ETFs were listed on the Depository Trust and Clearing Corporation (DTCC). This move is seen as a crucial milestone that could pave the way for a potential spot Solana ETF in the near future. Why DTCC Listing Matters The DTCC…
Circle, the issuer of USDC, has further solidified its dominance in the Solana ecosystem by minting an additional $250 million in USDC. The latest issuance, revealed on February 24 by blockchain analytics firm Spot On Chain, brings Circle’s total USDC minting on Solana to $1 billion in just the past seven days. USDC Leads Solana’s…
Solana (SOL) has recently shed 5% of its market value, dropping to a critical support zone that historically has triggered strong rebounds. This zone, which has previously sparked rallies toward the $250-$260 range, presents an opportunity for a potential 35% rise from its current price. However, with the recent surge in volume—up by 65% to…
A single transaction on the Solana blockchain has sent shockwaves through the cryptocurrency market, wiping out billions from Broccoli Coin’s valuation. The trade, which netted an individual approximately $8 million, slashed the token’s market capitalization from a staggering $9.5 billion to under $1 billion in an instant. Transaction Details and Market Impact Blockchain data confirms…
Solana (SOL) continues to struggle below the $200 mark, facing a 10% decline over the past week amid broader market uncertainty. The cryptocurrency, which once soared to an all-time high, remains in a corrective phase as investor sentiment fluctuates. Adding to the tension, a public debate between Solana’s co-founder and Aave’s creator has intensified discussions…