Solana (SOL) dropped more than 10% in 24 hours, underperforming other major layer-1 cryptocurrencies due to intensified risk-off sentiment and heavy selling pressure. The token fell to around $60.43, marking a 26.5% loss for the week and over 31% in a month, reflecting a significant decline from previous highs above $200. Increased trading volume on centralized exchanges and persistent sell-side pressure suggest ongoing de-risking and leveraged position unwinds. Despite regulatory uncertainties and potential supply overhang from FTX-related assets, Solana's ecosystem development continues, but its near-term price action remains volatile and closely tied to broader market and regulatory conditions.
Solana's price climbed about 3.1% to around $106.50, recovering from a recent pullback and approaching resistance near $110. This rise precedes the September 9 launch of Transaction V1, which increases Solana's maximum transaction size from 1,232 to ...
Solana's distributed real-world asset (RWA) value increased by 11.13% to $4.23 billion, adding $348 million in the past 30 days, outpacing Ethereum and Stellar in asset growth. This growth reflects net inflows of tokenized assets like government bond...
Solana announced that the ARB token is now available for trading on its network through Sunrise, offering traders another venue with claims of tighter spreads and lower fees. This development sparked a debate between Solana cofounder Anatoly Yakovenk...
Matt Hougan, CIO at Bitwise Asset Management, identifies three key crypto investment themes: Bitcoin as a hedge against currency devaluation, Zcash for privacy features, and a long-term tokenization cycle involving Ethereum, Solana, and Uniswap. Bitc...
Bitcoin traded near $79,972, up 0.43% in 24 hours, with optimism for reaching $85,000 fueled by strong ETF inflows and bullish market sentiment. The global crypto market cap rose to $2.72 trillion, led by gains in Solana, Ethereum, XRP, and BNB. Key ...
