Solana saw a strong rally in August but faces challenges in September as Robinhood Chain surpassed it in daily DEX volume, pressuring its liquidity narrative. However, memecoin liquidity is shifting from Robinhood Chain to Solana, with Solana's ZCAT memecoin surging 500% in 24 hours, signaling potential for a memecoin-driven rally. Despite this, memecoin dominance in the altcoin market is at a yearly low, suggesting the recent surge might be fragile and concentrated in few tokens. Solana's Q4 outlook hinges on whether this liquidity rotation continues to fuel speculative gains or if lack of broader spot demand increases risk for SOL holders.
Solana (SOL) was trading at $102.23, down 2.1% over the past 24 hours but still above the $100 level referenced in recent analyst scenarios. Analyst Itai Smidt highlighted a $100-$105 zone with a $97 daily close as invalidation, while Alejandro Arrie...
On October 23, Zcash (ZEC) and NEAR spot ETFs recorded net inflows of $20.52 million and $992,689 respectively, while other tracked altcoin spot ETFs such as XRP, Solana (SOL), Dogecoin (DOGE), Chainlink (LINK), Avalanche (AVAX), and others showed no...
On October 23, Ether was the only major cryptocurrency among five tracked to have a negative perpetual-futures funding rate, meaning short sellers pay long holders. Its rate was -0.0002% every eight hours, or -0.3% annualized. In contrast, XRP had th...
Solana (SOL) saw a 3.1% price drop from October 21 to 22, trading around $103.95 after hitting lows near $100 earlier in October. This decline coincided with the activation of the Alpenglow upgrade on Solana's mainnet, which significantly speeds up t...
About 74.12% of Solana's circulating tokens, or 437 million SOL, are staked, locking up roughly $45 billion worth of SOL and leaving only 152.6 million tokens freely tradable. This high staking ratio restricts daily market supply, explaining Solana's...
