Solana price falls 12% as Pump.fun sells $41M SOL tokens
Memecoin launches and a sluggish Bitcoin price could continue to put downward pressure on the SOL token, which could be the next major crypto to receive a spot ETF. Go to Source
Bookmarking Crypto Insights
Auto Added by WPeMatico
Memecoin launches and a sluggish Bitcoin price could continue to put downward pressure on the SOL token, which could be the next major crypto to receive a spot ETF. Go to Source
CoinShares data shows Solana investment products registering a $39 million outflow, while Bitcoin investment products saw modest inflows. Go to Source
Solana liquid staking tokens (LSTs) are increasing SOL onchain activity as TVL crosses $5.5 billion. Go to Source
SOL price weakness can explained by Solana Network’s activity and lack of appetite from derivatives traders. Go to Source
Today, the price of Solana has risen, propelled by a series of positive announcements related to the network and the Fed’s decision to forego rate hikes in 2024. Go to Source
Bitcoin has more than doubled in price since the FTX collapse a year ago, but several other coins such as Chainlink have seen ever bigger gains since. Go to Source
Solana’s scaling solution Firedancer is seen as a long-term solution to the blockchain’s once-frequent outages. Go to Source
Solana has seen steady inflows over the last nine weeks, even as other crypto investment products have faced outflows over a similar period. Go to Source
Bitcoin and select cryptocurrencies are trying to start a rebound following the CPI data release but bulls may find it difficult to continue the recovery at higher levels. Go to Source Powered by WPeMatico
The circulating supply of SUI tokens will grow by nearly 15% by the end of 2023. Go to Source Powered by WPeMatico