Solana's price climbed to around $76, driven by significant accumulation from a large wallet using a time-weighted average price strategy, signaling institutional interest. Meanwhile, the community is debating governance proposals that could increase token burns, potentially affecting supply dynamics. However, ecosystem challenges like a possible DEX shutdown and ongoing token sales add selling pressure. Security concerns resurfaced after a wallet linked to a past hack moved Ethereum through a privacy protocol, raising trust issues. Investors will watch governance outcomes and accumulation trends for Solana's next price direction.
Bitcoin's price increased by 0.31% to $81,801, standing out as the only major cryptocurrency to gain amid a 2.75% drop in the total crypto market value to $2.76 trillion. Ether, XRP, BNB, Solana, and Dogecoin all saw declines, with Dogecoin experienc...
On October 17, open interest in crypto derivatives fell across five major assets, with Solana experiencing the largest drop of 6.59% to $895 million. Bitcoin maintained the highest open interest at $7.62 billion despite a 1.50% decline, while Ether h...
Solana's real-world asset (RWA) market capitalization surged from $700 million to $4.3 billion in one year, showing rapid growth though still smaller than Ethereum's $16.6 billion market. The network's application revenue rose 48% quarter-over-quarte...
Solana (SOL) experienced a 2.13% price decline within one hour, falling to $102 on Binance's spot market. Over the past 24 hours, SOL dropped 2.32%, with significant long positions totaling $8.6 million and minimal short positions of $60,000 recorded...
Solana's stablecoin supply on its blockchain fell from $17.45 billion on September 25 to $15.96 billion on October 17, reducing the liquidity available for trading SOL and increasing price volatility. Concurrently, US spot ETFs on Solana have seen te...
