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.
On October 22, Bitcoin dropped 3.61% to $81,394.33, while altcoins like Ether, XRP, and Solana fell even more sharply. Token group indexes such as Memecoin, Computing Select, and DeFi Select also saw larger declines. Despite these price drops, U.S. s...
On October 22, Bitcoin's perpetual-futures open interest fell by 5.82%, the largest decline among five major cryptocurrencies including Ether, Solana, XRP, and Dogecoin. Bitcoin's open interest stood at $7.62 billion with a negative funding rate, ind...
Solana's futures market on OKX saw $12.9 million in open interest vanish within 24 hours as the price fell 4.49% to $103.61 on October 22, 2026. Despite the drop, the ratio of long to short accounts rose from 2.24 to 2.57, indicating traders are hold...
A commentator on CryptoTwitter claimed that trading volume on the Solana blockchain has doubled recently. This surge is linked to the idea of a token supercycle, a concept previously mentioned by a Solana Foundation executive in a long-term outlook. ...
DoubleZero has created a private fiber-optic network designed specifically for high-performance blockchains, currently connecting about 59% of Solana's mainnet stake. This network improves speed and reliability by using independently contributed fibe...
