Solana activated a rent reduction on September 3rd, lowering on-chain account storage costs by about 90%. This change reduces the Lamports-per-byte requirement, allowing existing accounts to withdraw surplus SOL without closing. Approximately 3.08 million SOL, worth around $307 million, could become reclaimable from over 1.16 billion token accounts. While this frees previously locked capital, it does not automatically refund holders; they must actively withdraw the surplus. The move coincides with a reduction in future SOL issuance and has contributed to a price rebound above $100, though some profit-taking continues.
SkyAI, a Nasdaq-listed fintech company, has reduced its Solana (SOL) holdings from over 2 million tokens to about 600,000, a 70% cut. This significant sell-off suggests a shift toward negative market sentiment on Solana's future price, currently arou...
Grayscale's head of research, Zach Pandl, cautions that investors might be distracted by newer crypto assets like Zcash and Hyperliquid, potentially overlooking established smart contract platforms such as Ethereum, Solana, and BNB Chain. These platf...
Solana (SOL) experienced a 2.58% price decline from $108 to $105 within one hour on October 14, with a 1.54% drop over 24 hours. During this period, liquidations of $3.57 million in long positions and $30,000 in short positions occurred across Binanc...
Recent data from Cryptometer shows significant fund flows in the crypto market over the past five hours. Bitcoin experienced the largest outflow with $105.48 million withdrawn, while Ether led inflows with $28.98 million. Other notable inflows were s...
In the last 24 hours, Bitcoin (BTC) and Ether (ETH) experienced net outflows of $170.35 million and $73.17 million respectively, indicating some investor withdrawal. Conversely, XRP and Solana (SOL) showed strong net inflows of $34.81 million and $31...
