Solana's price fell to around $62.90, down 4.7% in 24 hours and nearly 30% over the past month, pressured by large institutional transfers to exchanges signaling potential selling. Technical indicators show SOL breaking below key moving averages and exiting its $80–$90 consolidation range, suggesting a bearish trend with immediate support at $63–$65. If this support fails, prices could slide to the mid-$50s or lower. Despite short-term weakness, upcoming network upgrades like the Firedancer validator client offer a potential long-term positive for Solana's performance and resilience.
Bitcoin stabilized around $60,000 after a recent sell-off, while tokens linked to decentralized finance (DeFi) and the Solana ecosystem led market gains. Aave's token jumped 19% following news of a potential strategic investment by Kraken's parent co...
Solana's price remained stable around $68 amid two key developments boosting institutional interest: Grayscale lowered fees on its Solana staking ETF, increasing yield pass-through to investors, and Asia-Pacific firms plan to use Solana-based stablec...
The CoinDesk 20 index rose 0.4% to 1595.41, driven by strong performances from AAVE, which jumped 8.9%, and Solana (SOL), which gained 4.5%. Eleven of the 20 assets in the index traded higher, while NEAR and Ethereum (ETH) lagged with declines of 2.5...
U.S.-listed altcoin ETFs experienced mostly flat net flows on June 25, with notable outflows concentrated in Solana and Hyperliquid ETFs. Solana's outflows were driven by redemptions in Bitwise’s BSOL fund, while Hyperliquid saw declines in two of it...
Despite a weak overall crypto market with over $100 billion outflows this week, Solana is attracting institutional attention. Grayscale cut its Solana ETF fee to 0.19%, responding to Morgan Stanley's planned 0.14% fee, signaling growing competition a...
