Category Archives: Solana News

People have been buying digital tokens like Solana (SOL) and ApeCoin (APE) on the cryptocurrency market in the hopes of becoming rich quickly. Many unfortunate investors missed the large price gains since they needed to get in on the action sooner. Because of the decline in value over the last year, many people who invested[Read more…]

Following the bankruptcy of crypto exchange FTX, this statement comes at the wrong time for Solana, which was among the top 5 largest cryptocurrencies by market size only weeks ago. With a 25.4% decline over the last week, Solana has fallen to the 16th spot in market capitalization. Since its record high of $256, it has[Read more…]

By Q1 this year, venture capital firm Andreessen Horowitz’s (a16z) flagship crypto fund had returned almost five times for early backers, according to documents reviewed by Semafor. The firm sold a portion of its tokens right before crypto’s bear market began in May, meaning that early investors are guaranteed a successful return. The fund was launched[Read more…]

Tether, the issuer of the USDT stablecoin, said it was conducting a chain swap to move 1 billion USDT from Solana to Ethereum. The chain swap will reduce the total amount of circulating USDT on Solana, but the company said on Twitter that overall supply of the stablecoin will not change. Earlier this week, Binance suspended deposits[Read more…]

Armies of developers, VC funders and CEOs descended upon Miami for two separate crypto conferences on Thursday as the shockwaves from FTX’s spectacular collapse continued to reverberate across the industry. While concern was palpable everywhere, speakers and attendees alike worked to find a silver lining in all the madness. At the shiny new Solana Embassy[Read more…]

Solana (SOL) was one of the hardest hit blockchains by the FTX collapse. Even now, more than a week after the initial bankruptcy, SOL continues to buckle under the weight of uncertainty left among its users and investors given Sam Bankman-Fried’s (SBF) heavy involvement in the Solana blockchain. Will SOL continue to suffer or is[Read more…]

Post the FTX drama, Solana’s [SOL] association with Sam-Bankman Fried propelled the altcoin to lose over 60% of its value in a matter of few days. Consequently, SOL slipped below the vital $27-$30 range to enter a relatively low liquidity zone. SOL’s funding rates depicted a slight ease in the heightened selling pressure over the last few[Read more…]

Crypto venture firm Multicoin Capital is looking to write off all of its assets currently on FTX due to the bankruptcy proceedings. The FTX contagion is spreading wide and fast! On Thursday, November 17, crypto venture giant Multicoin Capital told its investors that the FTX collapse has pushed the fund down by a staggering 55% over the[Read more…]

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…]