Solana's price is stabilizing near the crucial $74 support level as selling pressure from the meme-coin launchpad Pump.fun offsets growing demand driven by USDC stablecoin inflows and tokenized real-world assets (RWA). Pump.fun has been a significant source of SOL supply due to ongoing token sales, but its activity is declining, reducing its influence. Meanwhile, Solana sees strong decentralized exchange volumes, increased USDC liquidity, and nearly $900 million in RWA inflows, signaling growing institutional interest. Upcoming network upgrades like the 'Alpenglow' consensus aim to improve transaction speed, supporting Solana's shift from meme-coin speculation to a more robust financial infrastructure. The price action between $74 support and $76 resistance will be key to watch for future direction.
Solana's price dropped 4% last week after failing to break the $84 resistance, despite a 4.8% monthly gain. Whale interest is waning, with a 3.6% drop in whale wallets since May and significant SOL sales by large holders. The $84-$90 zone remains a s...
Bitcoin and Ethereum posted modest gains of around 1.5% on July 18, reaching $64,083 and $1,844 respectively, while overall crypto trading volumes dropped significantly. This decline in spot and derivatives volumes suggests cautious investor sentimen...
Solana's blockchain has reached over 300,000 unique holders of real-world assets, a milestone unmatched by competitors. This growth coincides with Circle minting 250 million USDC on Solana and injecting $250 million liquidity within two days, enhanci...
Pump.fun has transferred a large amount of 81,712 SOL tokens to the Kraken exchange. This move adds selling pressure to the Solana market at a time when trading activity in memecoins is slowing down. The transfer could indicate potential sell-offs or...
Solana is defending the $74-$76 support zone after briefly dipping below and quickly recovering, indicating sellers may be trapped. Holding above $75 could lead to a rise toward $81-$83, with potential to reach $93-$97 if momentum continues. However,...
