On August 21, Solana experienced a surge in onchain activity, leading to a daily burn of 87,000 SOL tokens—the highest in nearly seven months and far above the usual 648 SOL. This spike suggests growing network usage, which has slightly increased market confidence in Solana's price reaching higher targets by the end of August. Market odds for Solana hitting $160 by September 1, 2026, have risen from 1% to 1.4%, reflecting positive sentiment. Investors should watch for continued activity increases and any technological or regulatory changes that could further impact Solana's market outlook.
Cryptocurrency prices are fluctuating with Bitcoin trading around $77,566, up by 0.98%. Ethereum and Binance Coin also saw modest gains, while some altcoins like Morpho and MNT experienced significant increases of over 10%. This mixed performance ref...
US-listed crypto ETFs excluding Bitcoin and Ethereum attracted nearly $90 million last week, driven by strong inflows into XRP and Solana funds. XRP funds led with $39.78 million, marking their best week since May and extending a six-week streak of g...
Solana's real-world asset (RWA) ecosystem has surpassed $4 billion in total value and now has more than 350,000 holders, up from $3.7 billion and 313,000 holders in late July. This growth reflects increasing adoption of tokenized assets like Treasuri...
On August 19, Solana's blockchain network generated over $1 million in daily revenue, its highest in six months, driven by increased on-chain activity. This surge reflects strong demand for block space, benefiting validators and potentially boosting ...
A cryptocurrency wallet linked to market maker Wintermute held $190.77 million in short positions on Hyperliquid as of August 24, with Ethereum as the largest short at $53.02 million, followed by Bitcoin and Solana. The wallet's short exposure increa...
