Author Archives: ambcrypto.com

According to statements released by OKX, Binance, and ByBit, some Solana blockchain tokens may be delisted. No justifications were provided for this move and no mention of re-listing them was made either. Now, while Binance claimed that it was temporary, it did not indicate when it would resume. OKX delists, Binance suspends… Binance said that it has temporarily suspended the[Read more…]

Severely impacted by the sudden collapse of cryptocurrency exchange FTX, total value locked (TVL) held across decentralized finance (DeFi) protocols housed within the Solana [SOL] network has since declined by 67%, data from DefiLlama revealed. According to the DeFi TVL aggregator, on 6 November, when Binance founder and CEO Changpeng Zhao first tweeted about his exchange’s decision to liquidate[Read more…]

Solana has been one of the largest market-cap assets that are not a stablecoin in the crypto ecosystem for quite a while now. Its recent drop from $37 has wiped out nearly 60% of its value in the market, in the aftermath of the FTX collapse. A recent article highlighted how a bounce could occur at the $13.5 region. In recent[Read more…]

Ever since the FTX saga began, rumors have been rife around Solana. This was due to the fact that Solana’s early investors included Alameda, FTX’s investment arm. Anatoly Yakovenko, the Solana co-founder, tweeted briefly to indicate that they were not exposed. However, the tweet did more harm than good by creating more questions than it answered. However, in[Read more…]

Solana [SOL] had been mired in a number of controversies over the past few weeks, including FTX‘s collapse and the token unlock news. All of this news could have thus, contributed to the decline of the SOL token. Still, new data from Messari suggested that the Solana Non-Fungible Token (NFT) space might have been able to weather the storm. This was despite[Read more…]

An impressive streak of green candles post a rebound from its multi-weekly trendline support (white, dashed) supported Solana [SOL] in swaying above the 20/50/200 EMA. The crypto saw an expected reversal from the $37-ceiling after a bearish hammer-like setup. In the meantime, the buyers could strive to step in near the 200 EMA to prevent further losses. [Read more…]

The year of 2021 has been one filled with challenges and hardships for Solana [SOL]. The network had been plagued with several outages, some even causing its native token SOL to take a double digit hit. SOL community members, too played an active role and were vocal in their criticism of Solana’s reliability issues. So far, the network[Read more…]

Solana [SOL] recently faced backlash from the crypto community because of the outages in the second half of 2021 and first half of 2022. These mishaps raised several questions from the Web3 community related to the reliability of the blockchain.  However, in a recent report published by Solana, a few points were mentioned that suggested that the blockchain’s[Read more…]

Magic Eden, one of the largest NFT marketplaces for Solana, witnessed a decline in terms of transaction volume over the past month. This development could be a barrier to the growth of Solana in the NFT marketplace. Trouble in the garden of Magic Eden According to data provided by DappRadar, the volume and unique active users on[Read more…]

Solana’s NFT ecosystem witnessed commendable growth over the last few months. Furthermore, not only the NFT space, SOL’s price action also looked pretty promising as its chart was painted green. Interestingly, the metrics and market indicators suggested better days to come. But would that be the case? Solana [SOL] has been in the limelight for its[Read more…]