Author Archives: SOLANA NEWS REPORT

Understanding Solana’s Potential A prominent crypto analyst from InvestAnswers suggests that traders might be overlooking the potential of Solana (SOL) in the upcoming bull market. According to the analyst’s base-case thesis, SOL is expected to reach 10% of Ethereum’s (ETH) market cap during the next market expansion. Analyzing Price Targets Based on the presumption that[Read more…]

Current Trading Situation Solana (SOL) has been trading within a range of $16-$27 in the past few months, as observed by popular crypto analyst Altcoin Sherpa. Recent Price Movement This week, SOL experienced a 6% decline, bringing its current value to around $22. However, technical analysis conducted by altFINS suggests that the recent pullback to[Read more…]

FTX Trustee’s Staking Activity The FTX trustee recently staked a substantial amount of SOL tokens, totaling 5.5 million, with an estimated value of $122 million. This significant move was observed from one of the primary wallet addresses on the Solana blockchain, controlled by the FTX trustee. The information was verified using Solana block explorer SolanaFM.[Read more…]

Overview The FTX estate recently made a significant move in the crypto market by staking over 5.5 million SOL (Solana) coins, valued at $122 million. This move showcases FTX’s confidence in Solana’s potential, reinforcing its bullish stance on the cryptocurrency. Staking Process and Rewards Staking involves the practice of locking up a specific amount of[Read more…]

Solana ($SOL) Expands DeFi Services through Stablecoin Partnerships On September 22, 2023, Stablecorp announced the launch of QCAD, a Canadian Dollar stablecoin on Solana. This stablecoin will be accessible on Solana-based decentralized apps and will be integrated into Solana Pay by 2024. Despite the increasing DeFi partnerships, the bear market triggered on September 1 affected[Read more…]

Ashpool’s Alert: FTX Estate Stakes 5.5 Million SOL Tokens Ashpool, an X account well-known for crypto research, recently raised an alert regarding FTX Estate’s significant staking activity. According to Ashpool’s findings, FTX Estate has staked a substantial 5.5 million SOL tokens, sparking widespread discussion within the crypto community. During an investigation, Ashpool referenced a post[Read more…]

Overview of Solana Price Movement Starting the Asian markets on a bullish note, SOL price experienced a sharp overnight increase of 2.58%, overcoming the bearish clouds from Thursday’s 3.27% decline. Buyers regained dominance over the 50-day EMA, propelling a significant bounceback. Uptober Rally and Price Predictions With buyers back in play, the possibility of a[Read more…]

Solana Foundation Encourages Security Researchers Surprisingly, Solana (SOL), a competitor of Ethereum (ETH), managed to avoid the market’s selling pressure, experiencing a 4% price increase. Currently trading at $22.06, SOL saw a slight pullback of 2.87% at the time of writing. This surge followed the announcement by the Solana Foundation regarding a reward of $400,000[Read more…]

The Impact on Ethereum The crypto market witnessed a significant downturn this week, with Ethereum, the second largest digital asset, taking a substantial hit. Ethereum (ETH) is currently trading at $1,543, reflecting a drop of over 6% in the past week. This decline has pushed Ethereum to its lowest point since March, as per CoinGecko[Read more…]

Jacob Creech Announces $400,000 Reward for Turning Off Solana Jacob Creech, the Head of Developer Relations at the Solana Foundation, recently made an enticing proposition via a tweet. He announced a substantial reward of $400,000 for anyone capable of discovering the code that can effectively “turn off Solana”. This reward is just one among several[Read more…]