Solana's trading volume soared over 3200% in Q2, reaching $67 billion, driven by diverse use cases like memecoins and staking. Despite this strong on-chain growth, Solana's price has lagged, and ETF flows show early signs of weakness with $5.8 million outflows in June. A recent $15 million short position may be a strategic bet on a liquidity-driven pullback, possibly signaling a bull trap amid broader market risks. If momentum drops and leveraged longs unwind, Solana's price could retest $40, highlighting caution for investors.
In the latest altcoin spot ETF market activity, NEAR was the only token to record net inflows, extending its positive trend over five days. Meanwhile, Solana (SOL), Dogecoin (DOGE), and Zcash (ZCSH) experienced net outflows, continuing their withdraw...
Solana (SOL) has declined 9.34% over the past week to around $107 as it faces seven consecutive days of ETF outflows and weakening technical indicators. The drop comes ahead of the blockchain's major Alpenglow upgrade scheduled for October 21, which ...
Bitcoin's perpetual futures funding rate turned negative at -0.0009% every eight hours, signaling a shift in trader sentiment as open interest declined by 1.72% to $7.67 billion. Despite this, long positions still outnumber shorts at 56.1%. Other maj...
Solana plans to implement its Alpenglow upgrade on October 21, which will replace the current TowerBFT consensus with Votor, reducing transaction finality to about 150 milliseconds. This technical improvement is expected to enhance network speed and ...
Solana plans to launch its Alpenglow upgrade on October 21, aiming to achieve transaction finality in about 150 milliseconds by replacing its current validator voting system, TowerBFT. This upgrade moves validator votes off-chain, which may significa...
