Category Archives: Solana News

FTX Estates Boosts Investor Confidence The FTX Estate, amidst its bankruptcy crisis, strategically allocated 5.5 million SOL tokens worth $122 million with a prominent network validator, Figment. This strategic move not only pacified worried SOL investors but also had a positive impact on SOL’s price, which is currently trading at $21.96. FTX’s Strategic Staking of[Read more…]

Price Expectations for Solana (SOL) A prominent cryptocurrency analyst closely monitored in the markets has suggested that investors might be underestimating the potential of Solana, a leading smart contract platform, in the upcoming bull market. In a recent strategy session, the InvestAnswers host argued that the fundamental thesis for SOL is based on Ethereum’s market[Read more…]

Cryptocurrency Analysis: Solana’s Recent Trends According to analysts at Coinidol.com, the price of Solana (SOL) recently hit a low of $20.96, indicating the end of its decline. Solana Long-Term Price Forecast: Bearish Outlook The cryptocurrency fell below the 21-day simple moving average but remained above the 50-day simple moving average. On October 13, buyers managed[Read more…]

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…]