Decentralized exchanges (DEXs) saw a surge in activity with daily volume reaching $17.04 billion and 35.19 million transactions, driven largely by Solana-based memecoins. Tokens like Jimothy the Raccoon, Bear on Pol, and The GameStop Bull led trading, with some posting extraordinary percentage gains due to low liquidity and viral interest. Despite these spikes, actual capital flow concentrated in a few pairs such as Jupiter/MET and Bonk/MET. The rapid shifts highlight the high-risk, speculative nature of current DEX trading, emphasizing the need for caution as liquidity can quickly rotate away from underperforming tokens.
Paxos' Global Dollar stablecoin (USDG) has surged to a $3.2 billion market cap, a 340% increase since its November 2024 launch. Most USDG supply is concentrated on X Layer ($1.51B), Robinhood Chain ($703M), and Solana ($631M), all part of the Global ...
Solana's price remains steady around $121 after recovering from September lows near $95, supported by positive daily money flow and a Supertrend indicator at $107.22. The key resistance level to watch is $125, which if broken, could open the path to ...
Joseph Chee, CEO of Solana Company and former UBS Asia investment bank chief, suggests that if China reopens access to crypto trading and expands blockchain use, it could trigger a new Bitcoin supercycle. This depends heavily on effective risk manage...
Solana's price remains stable around $120, fluctuating slightly within a narrow range between its 20-day moving average ($117.32) and the 90-day high ($122.08). The network is undergoing its largest upgrade, Alpenglow, which aims to drastically reduc...
Veteran trader Peter Brandt analyzed weekly charts of XRP, Monero, and Solana using classical price patterns and measured moves, setting fundamentals aside. He identified a cup-and-handle pattern in XRP but noted its weak formation and heavy resistan...
