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One of the leading blockchain platforms, Solana, had a week of incidents that were both worth celebrating and difficult to deal with. The network clocked five years as a fully functional and effective blockchain technology—a truly remarkable achievement given the often short-lived nature of many blockchain projects. But on the other hand, it had to … Read more
Facing resistance last weekend, Sol appeared back in selling mode after witnessing a short recovery last week. The price is down 7% today as the bears slowly step back in action. Since the start of the drops, Sol has lost more than half of its price as it continues to break down key supports every … Read more
The past week has been difficult for Solana (SOL), with a number of serious setbacks affecting its market performance. Although there was strong initial optimism about the blockchain’s potential, it has faced a number of challenges lately. From rapidly falling token prices to sharply declining transaction volumes, the past week’s data have shown a very … Read more
FTX and Alameda Research, two of the most significant players in the cryptocurrency ecosystem, have kept up a consistent pattern of transferring $SOL tokens around the 10th of each month. This has been a cause for growing concern in the crypto community, because massive amounts of $SOL have been consistently redeployed from staking and sent … Read more
Solana (SOL) hit a series of spectacular highs, with its investor base garnering significant rewards and the volume of transactions on its decentralized exchange (DEX) soaring. Recently, the blockchain went through an impressive 60 minutes of profit resolution, totaling $257 million, one of the five biggest moments of hourly profit realization we’ve seen over the … Read more
The cryptocurrency market has recently been on a roller coaster ride, with some dramatic shifts in market dynamics over the past several weeks. One of the most talked-about and notable events is the impending unlock of 11.2 million Solana ($SOL) tokens. This event, set for March 1, is connected to the ongoing bankruptcy situation of … Read more
Ending January on a weak note, Sol posted more losses in the following month and dipped to its lowest level after five months of trading. It has recovered well from the dip, but the bears are not giving up yet. From a low of $125.5 last month, Sol entered this month on a recovery note … Read more
Turmoil has engulfed the Solana blockchain ($SOL) over the past week, in a series of market events and security breaches that have taken a toll on the network’s performance. From $SOL’s price slipping under $130 to fears surrounding FTX unlocks and a record-breaking hack at Bybit, the crypto market has taken another hit. And if … Read more
In an unprecedented action in the cryptocurrency markets, a large whale has bagged a neat profit of about $4.5 million from the unstaking and depositing of a huge sum of Solana (SOL) into Binance. This whale’s move to withdraw a big chunk of its Solana stash—staked for over a year—brings to light the unstable nature … Read more
The overall cryptocurrency market keeps being rocked by the recent Bybit debacle, with sharp drops hitting a number of coins. Solana has absorbed one of the heaviest hits in the hacking aftermath. Investigations into the incident have uncovered that the stolen funds were bridged to our beloved blockchain and that concerns have arisen about possible … Read more