Pump.fun, a major application on Solana, recently sold $10.08 million worth of SOL tokens, raising concerns about value extraction from the ecosystem. Despite this, Pump.fun drives significant on-chain activity, with daily trading volumes around $725 million and increasing revenue and user engagement. However, SOL struggles to break key resistance levels amid selling pressure and market risk-off sentiment. The key question for Q3 is whether Solana's network growth can offset the selling pressure to support SOL's price recovery.
Cryptocurrency markets display varied price changes, with Bitcoin trading near $62,833, up 0.99%, and Ethereum around $1,744, up 0.24%. Other notable coins like Binance Coin and Avalanche also show modest gains, while some altcoins experience slight ...
Solana (SOL) is trading near $78, supported by record growth in tokenized real-world assets (RWA) and strong inflows into Solana ETFs, despite weak technical momentum and declining trading volume. The token's market cap remains around $45 billion, wi...
Bitcoin rose above $63,000, gaining 2.1% amid easing geopolitical tensions and falling oil prices, which eased inflation fears and bond yields. This macro relief helped risk assets like crypto recover slightly despite the market still being in extrem...
Solana's blockchain consistently processes over 2,500 true user transactions per second, excluding validator votes that inflate numbers. This high throughput, combined with transaction costs below $0.01, supports high-volume activities like DeFi and ...
Bitcoin shows signs of recovery after defending a major support level, with spot Bitcoin ETFs reversing outflows to record $221 million inflows. This shift suggests fading institutional selling pressure and a potential rally toward $100,000 by year-e...
