Author Archives: SOLANA NEWS REPORT

Major Solana (SOL) Transactions: Over $180 Million Sent to Coinbase Whale Alert has reported four significant transactions involving Solana (SOL) today, amounting to over $180 million sent to crypto exchange Coinbase. These transactions indicate substantial market-moving activities by SOL whales. The first transaction involved a transfer of 322,817 SOL, valued at approximately $45.5 million, from[Read more…]

Solana Price Analysis The Solana price slumped 8% in the past 24 hours to trade for $136.47 as of 00:07 a.m. EST. While the SOL price dumped, trading volume surged 41% amid a frenzy of excitement about the possibility of a spot Solana ETF (exchange-traded fund). VanEck is the first company in the US to[Read more…]

The Crypto Market Faces Strong Bearish Price Action The crypto market has continued to display a strong bearish price action, recording a correction of approximately $90 billion in valuation within the past 24 hours. Furthermore, the market leader, Bitcoin, has recorded a 24-hour low of $57,932, indicating increased negative influence. Solana (SOL) Price Takes a[Read more…]

Solana Outages Lead To Investor Outrage While there’s no denying that Solana (SOL) has been providing a valuable service to the cryptocurrency ecosystem by offering super-fast transactions, the recent issues with the coin have led many to believe it’s time for the coin to hang up its reins. In yet another instance of poor performance,[Read more…]

VanEck’s Filing Sparks Expectations for Ripple’s XRP and Cardano ETFs VanEck’s recent filing for a Solana Spot ETF has ignited broad expectations within the crypto community, particularly for forthcoming Ripple’s XRP ETF and a Cardano ETF. Solana Spot ETF Drives Massive Adoption for ETFSwap (ETFS) ETFSwap (ETFS) is experiencing a significant surge in its ongoing[Read more…]

Recent Performance of Solana Meme Coins Recent reports from the cryptocurrency sector highlight that meme coins based on the Solana blockchain have outperformed those on Ethereum. Data from the first quarter of 2024 reveals that Solana-based meme coins have achieved gains up to 800% year-to-date (YTD), positioning them prominently in the market. CoinMarketCap’s Q1 report[Read more…]

Solana’s Rise to Third-Largest Cryptocurrency Solana (SOL) is poised to claim the position of the third-largest cryptocurrency by market capitalization this year, following Bitcoin and Ethereum. Its ascent is driven by several key factors: High Transaction Capabilities: Solana stands out for its ability to handle high transaction volumes at low costs, making it attractive for[Read more…]

Cosmic Kittens (CKIT): The Best Upcoming Crypto Project To Invest In Cosmic Kittens (CKIT) is capturing the attention of analysts as it brings something new to the NFT and crypto-gaming spaces. Some experts have even pegged this altcoin, which recently entered its presale, as the next 500X token in 2024, while others are asking if[Read more…]

A Potential Boost for Solana: BlackRock’s ETF Filing A potential ETF filing by BlackRock for Solana could significantly enhance its mainstream adoption and attract institutional investments. This move comes amid a growing trend of financial giants recognizing the potential of cryptocurrencies. Other Players in the Solana ETF Space In addition to BlackRock, other major players[Read more…]

Solana (SOL) Prepares for Potential Macro Breakout After recent filings for Spot Solana ETFs, the $SOL price is approaching the upper boundary of a triangle pattern that has constrained it since mid-March. A significant breakout appears imminent, with speculation rife on its direction. The outlook for Solana is currently promising. Major asset managers, including VanEck[Read more…]