Solana (SOL) is trading near a critical support range of $84-$87 ahead of a significant $870 million unstaking event that could increase token supply and trigger short-term price volatility. Market sentiment is cautious, with many traders expecting SOL to struggle above $85, while technical indicators suggest potential downside risks toward $80 if support fails. Despite bearish signals and reduced trading volume, some traders anticipate possible short-term rebounds due to oversold conditions. The key near-term focus remains on how the market absorbs the unstaked tokens and whether selling pressure intensifies or the price stabilizes.
Solana's weekly active users surged from 16.8 million to 29.7 million, a 77% increase driven by activity around the memecoin ANSEM. This growth highlights Solana's leading position in blockchain on-chain activity, surpassing competitors like Tron and...
Bitcoin surged to around $62,800 after dropping below $58,000 earlier in July, signaling renewed confidence in the crypto market and easing concerns of a deeper fall to $50,000. Ether also recovered to about $1,760 following a recent dip. While major...
Solana saw a surge of 1.6 million new addresses in two weeks, signaling stronger network activity and ecosystem growth. This increased participation supports a positive market outlook as SOL maintains its short-term uptrend, holding key support level...
Solana's decentralized blockchain now ranks second worldwide in spot crypto trading volume, processing about $12.25 billion, trailing only Binance. Its decentralized exchanges surpassed Coinbase and Kraken combined, driven by low fees, high speed, an...
Circle minted $3.5 billion worth of USDC stablecoins on the Solana blockchain in one week, including a single $1 billion transaction on June 16. This surge pushes total USDC issuance on Solana past $64 billion for 2026, highlighting growing instituti...
