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Solana News
Cryptopotato
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Crypto Price Analysis April-25: ETH, XRP, ADA, SOL, and HYPE
- Ethereum (ETH) experienced a 12% price increase, reaching the key resistance level at $1,800. Buyers are determined to break this resistance and challenge the $2,000 level.
- Ripple (XRP) saw a more modest 6% increase, consolidating above the key support level of $2. The decreasing volume is hindering further price appreciation.
- Cardano (ADA) had an impressive 16% price increase, clearing the $0.64 resistance and aiming for the next major resistance at $0.9.
- Solana (SOL) rallied by 13%, testing the key resistance at $152. If the market remains bullish, SOL has a good chance of moving higher.
- Hype (HYPE) had a strong performance with a 10% price increase, facing resistance at $19. The price may consolidate before pushing higher.
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Bitcoinist
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Image Credit: Bitcoinist
Solana Under Fire Again — Expert Reveals Why It Isn’t Out Of Beta Yet
- A recent public scrutiny has emerged around Solana, as it still labels its mainnet 'beta' after more than five years of launch.
- The scrutiny revolves around the beta tag, transparency of Foundation wallets, and client diversity on Solana's validator network.
- The CEO of Helius Labs, Mert Mumtaz, argues that Solana's beta label is arbitrary and meaningless, given its scale and revenue.
- The debate between Mumtaz and critic Balarchrex also touched upon the transparency of the Solana Foundation's holdings and the presence of multiple clients on the mainnet.
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NullTX
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SOLANA PRICE ANALYSIS & PREDICTION (April 24) – Sol Pauses Buying After a 50% Recovery in Two Weeks, What Next?
- Solana (SOL) experienced a recovery, but is currently down after recent rejection.
- Price climbed back above $100 level and reached a high of $154, but lost grip after bearish interception.
- Support level is at $136.7, and a drop below could lead to $122.7 and $112.
- Immediate resistance levels are at $161, $180, and potential surge to $209.
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VentureBeat
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MagicBlock raises $7.5M for real-time, app-specific extensions for Solana blockchain
- MagicBlock has raised $7.5 million in a seed round to power real-time, fully onchain games and applications on the Solana blockchain.
- The investment was led by Lightspeed Faction and included participation from Maven11, Delphi Digital, Robot Ventures, Mechanism Capital, Equilibrium, Pivot Global, and notable angels.
- The funding will be used to expand the engineering team, scale the developer ecosystem, and optimize MagicBlock's ephemeral rollup technology.
- Through partnerships with leading projects in the Solana ecosystem, MagicBlock aims to provide the fastest and most scalable infrastructure for high-performance onchain applications.
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Crypto-News-Flash
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Image Credit: Crypto-News-Flash
These 5 Altcoins Could Explode—Buy Before the Crypto Peak Hits
- A top market analyst has listed top altcoins to stack for a possible breakout rally.
- Ethereum (ETH) is considered undervalued and presents a generational opportunity for investors.
- Ripple (XRP) is gaining momentum after the US SEC dismissed the legal battle with Ripple Labs.
- Binance Coin (BNB), Cardano (ADA), and Solana (SOL) are also expected to experience significant gains in the near future.
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Crypto-News-Flash
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Solana Foundation Reshapes Validator Incentives to Encourage External Stake
- The Solana Foundation is reshaping validator incentives to encourage external stake and enhance network decentralization.
- The updated strategy involves removing three validators for every new one added, favoring operators with sufficient external backing.
- The Foundation was criticized for sustaining a large portion of the validator network, with more than half relying heavily on foundation support.
- By reducing stake concentration and foundation dominance, the Solana Foundation aims to improve the Nakamoto Coefficient, a measure of decentralization.
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Crypto-News-Flash
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DeFi Dev Corp Boosts SOL Holdings to 317K as Solana Eyes Inverse H&S Breakout
- DeFi Development Corporation has increased its Solana (SOL) holdings to 317,273 SOL ($48.2 million) after acquiring an additional 65,305 tokens ($9.9 million).
- Solana's institutional interest is growing, with Galaxy Digital moving $106 million from ETH to SOL, and SOL Strategies Inc. securing $500 million for the Solana blockchain ecosystem.
- Analysts anticipate a bullish run for SOL, with a potential retest of $150 and a potential extension to $176, based on the formation of a head and shoulders pattern.
- There is a possibility of SOL returning to $140, and failure to validate its bullish potential could result in a price decline to the 100-day EMA at around $133.
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TheNewsCrypto
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SOL Strategies Goes All-In on Solana With $500M High-Yield Crypto Play
- A Canadian investment firm, SOL Strategies (CSE: HODL), announced a massive $500 million convertible note deal with ATW Partners.
- SOL Strategies will use the entire $500 million facility to buy and stake Solana, and will run its validator nodes.
- Solana's recent surge in price and growing developer activity has attracted institutional investors, making it a serious competitor to Ethereum.
- The deal is bypassing regulatory requirements and is seen as a signal of confidence in Solana's future performance and the broader crypto market rally.
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Bitcoinsensus
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Image Credit: Bitcoinsensus
Solana Price Prediction: Daily Structure Flips Bullish, What’s Next?
- Solana broke daily bearish structure — the trend is now officially bullish.
- Price is leaving liquidity above, which could act as a magnet before any pullback.
- The original H4 demand is still valid and could offer a high-probability long entry if price decides to retrace.
- Solana could potentially sweep liquidity above, react from a new supply, and retrace or drop to the H4 demand and continue the uptrend.
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TronWeekly
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Image Credit: TronWeekly
SOL Strategies Secures $500M Convertible Note for Solana Expansion
- SOL Strategies secures $500M to expand Solana validator operations.
- Interest on notes will be paid in SOL, linked to staking yield.
- Facility sets a new standard for blockchain financing in the Solana ecosystem.
- SOL Strategies obtains $500 million convertible note facility from ATW Partners to acquire and stake SOL tokens, enhancing its validator operations and generating yield.
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Cryptopotato
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Solana’s Meteora Hit With Lawsuit Over Alleged Meme Coin Scam
- Solana-based decentralized exchange Meteora is facing a class-action lawsuit over pump-and-dump claims surrounding the M3M3 meme coin launch.
- The plaintiffs allege that the launch led to losses of at least $69 million between December 2024 and February 2025.
- The lawsuit accuses Meteora, its founder Benjamin Chow, and venture firm Kelsier Labs of misleading investors and manipulating the price of the M3M3 token.
- The complaint also calls for stake-based meme coins like M3M3 to be categorized as securities and seeks regulatory clarity.
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Zycrypto
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Solana Has Lots of Room to Gain on Its ‘Invalid Cousin’ Ethereum, Asserts Trader Peter Brandt
- Analysts predict Solana overtaking Ethereum in price and scalability.
- Trader Peter Brandt suggests a 90% upside for Solana against Ethereum.
- Wall Street veteran compares the ETH vs. SOL dynamic to that of gold and silver.
- Solana's appeal lies in its unmatched scalability and real-world adoption.
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Crypto-News-Flash
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Image Credit: Crypto-News-Flash
Crypto News: ADA and ETH Rally While BTC Decouples—Altcoin Season Incoming?
- Bitcoin's correlation with the US equities is being overtaken by its store of value narrative, leading to a decoupling from the stock market.
- Altcoins, including Ethereum (ETH) and Cardano (ADA), experienced a significant rally.
- ADA surged by 10% in the last 24 hours and 16% in the last seven days, reclaiming its position as the ninth-largest cryptocurrency.
- Ethereum (ETH) surpassed its crucial resistance level at $1800 and gained 11% in the past 24 hours.
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NullTX
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Image Credit: NullTX
Massive Whale Movement Hints at Institutional Confidence in Solana as Galaxy Digital Rotates from ETH to SOL
- A whale has redeemed and transferred a significant amount of Solana (SOL) to Binance, indicating a possible strategic profit-taking or asset reallocation.
- Galaxy Digital, the crypto-focused financial services firm, has reduced its exposure to Ethereum (ETH) and heavily acquired Solana, signaling a shift in asset allocation.
- The whale's address, which made a substantial SOL pledge four years ago, has gained approximately $111.4 million in price appreciation alone, contributing to a total revenue of $153.5 million.
- The strong staking position of the whale and Galaxy Digital's rotation from ETH to SOL showcase institutional confidence in Solana's growth and potential as a foundational blockchain.
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NullTX
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PumpFun’s Relentless Selling Streak: Is It Casting a Shadow Over Solana’s Price Action?
- The Solana community has been actively engaging in updates and announcements, leading to increased developer engagement and user adoption.
- However, concerns have arisen due to consistent selling of $SOL from the PumpFun wallet, Solana's top DEX in trading volume.
- PumpFun's wallet has sent significant amounts of SOL to exchanges like Kraken, sparking speculation among traders.
- Ember CN suggests PumpFun accumulates SOL through transaction fees and sells it off in a methodical manner.
- The frequent selling has raised questions about its impact on Solana's price action, despite the network's bullish narrative.
- Profit-taking or strategic liquidity management could be driving PumpFun's sell-offs, potentially affecting SOL's price.
- PumpFun has offloaded millions of SOL, leading to concerns about its influence on the market and sentiment-driven price movements.
- While PumpFun's actions raise uncertainties, its rapid growth in the DEX space on Solana highlights its significance in the ecosystem.
- As Solana evolves, major players like PumpFun are expected to continue impacting the network's financial and technical trajectory.
- The extent of PumpFun's influence on Solana's stability remains to be seen, highlighting ongoing questions about its role in the ecosystem.
- Disclaimer: This summary does not constitute trading or investment advice; always conduct thorough research before making financial decisions.
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