Pump.fun, a memecoin platform, has transferred and likely sold 100,628 SOL tokens worth $8.2 million on the Kraken exchange, continuing its large-scale sell-off of Solana tokens. Since early 2024, Pump.fun has sold about 4.47 million SOL, roughly $780 million, mostly through Kraken, which has handled 4.2 million SOL. This ongoing dumping is putting downward pressure on Solana's price and reflects the collapse of the memecoin economy that once supported Solana's network activity. Moving forward, Solana aims to shift focus from memecoins to Real World Asset tokenization and DeFi to stabilize and grow its ecosystem.
Solana (SOL) is trading around $82 after losing key daily support, caught between a $80 support level and a heavy resistance zone at $87-$88. Analysts highlight that this upper range hosts many leveraged short positions, which could trigger volatilit...
In May, open interest in Solana (SOL) futures contracts fell sharply by 30%, from $2.75 billion to $1.90 billion, reflecting reduced leveraged trading amid increased market caution. Despite this, SOL spot ETF inflows hit a 2026 high of $113 million, ...
Bitcoin hovered around $73,000 despite a 6% weekly drop, as institutional investors focus on upcoming US cryptocurrency regulations rather than positive global market trends. Other major cryptocurrencies like Ethereum, Solana, XRP, and Dogecoin also ...
Bitcoin and major cryptocurrencies fell 5-7% over the past week even as global stock indexes hit record highs and oil prices dropped due to a tentative US-Iran ceasefire extension. The ceasefire news pressured oil but failed to boost crypto, as insti...
DeFi's total value locked (TVL) fell 2.3% to $80.13 billion, driven by significant weekly drops on Bitcoin (-5.73%) and Solana (-4.38%) networks. Despite steady daily active addresses, especially on Tron and BSC, the decline highlights cautious inves...
