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Solana launches Privacy Rings to encrypt token transfers, boosting corporate use but price dips amid market pressure

Protocol Fundamentals
11 Nov 2026, 17:23 WIB
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Solana launches Privacy Rings to encrypt token transfers, boosting corporate use but price dips amid market pressure

Solana's blockchain now supports Privacy Rings, a feature by Helius that encrypts token amounts and types during transfers, enhancing privacy for payments and corporate clients. While sender and recipient addresses remain visible, the encrypted data improves confidentiality without needing side chains. Despite this technological advance, Solana's price dropped to $81.59 after US inflation data, pressured by broader market concerns and rising futures leverage. The new feature is in beta with several apps integrating it, and custom rings for businesses are planned for late 2026. Market watchers see Privacy Rings as a positive long-term development, but short-term price moves depend on overall market trends and technical levels around $81.59 and $89.

Solana (SOL) trades at Rp1.534.124 on Pluang with a 1.26% gain as of Nov 11, 2026 22:41 WIB, showing resilience despite recent price pressure noted in the article. The platform records a market cap of Rp914,82T and a 24-hour trading volume of Rp44,88T, with more buyers (59%) than sellers (41%) and a typical hold time of 72 days. This activity suggests steady investor interest as Privacy Rings roll out in beta, potentially supporting longer-term confidence in Solana's ecosystem.

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