Solmate, formerly Brera Holdings, saw its shares fall over 98% after raising $300 million to focus on Solana tokens, holding about 2 million SOL. The company's financial health is now heavily tied to Solana's token price, which has dropped around 50% in the past year, causing severe strain. Despite backing from major investors like ARK Invest and the Solana Foundation, Solmate faces legal challenges from its main shareholder over governance issues. This combination of market volatility and internal disputes raises significant risks for investors.
Solana's SOL token has fallen about 20% in the past month and is down 44% year-to-date, despite increasing blockchain activity. Token deposits to centralized exchanges surged 2,400% from June 11 to June 25, signaling ongoing selling pressure. Meanwhi...
The cryptocurrency market is showing signs of recovery ahead of a major options expiry worth $10.8 billion involving Bitcoin, Ethereum, XRP, and Solana. Bitcoin options worth $9.3 billion are expiring today, with traders hedging for volatility and a ...
Ethereum traders are increasingly buying short-term put options as downside protection while maintaining longer-term call options, signaling caution amid falling ETH prices. Solana options remain balanced with no strong directional bias, and XRP opti...
Solana Mobile's decentralized app store added 96 new apps in one week, bringing the total to 1,561. This growth reflects a rapid expansion from about 700 apps in March 2026, more than doubling in three months. The store attracts developers by chargin...
Solana (SOL) outperformed many major cryptocurrencies during a recent market downturn that saw Bitcoin fall below $60,000, trading around $66.26 with only a 5% weekly decline. This resilience is attributed to growing institutional products, fee reduc...
