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Solana News
Crypto-News-Flash
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Solana Founder Pushes Back on Hype—What It Means for SOL Investors
- Solana founder, Anatoly Yakovenko, cautions investors about the reliance on hype for long-term growth.
- SOL's rally depends on continued development, user activity, and strategic ecosystem expansion.
- Solana's decentralized finance (DeFi) ecosystem has experienced significant growth, with TVL reaching $8.6 billion in Q4 2024.
- The stablecoin supply on Solana has surpassed $12.17 billion, providing liquidity for trading and solidifying its position in the crypto market.
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Bitcoinist
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XRP Leads Crypto Shopping List For Latin America Ahead Of ETH, SOL—Report
- XRP accounts for 9% of all purchases on the Bitso platform in Latin America, gaining on Ethereum and Solana.
- Mexican users drove the adoption of XRP as a payment option, with 10% of all cryptocurrency buying activity allocated to XRP.
- XRP went from non-existent in the typical portfolio composition of Latin American Bitso clients in 2023 to 13% in 2024.
- Bitcoin and stablecoins still dominate trading activity, with Bitcoin representing 22% and stablecoins accounting for almost 40% of total purchases on the Bitso platform.
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Newsbtc
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Solana Price Surges Toward $140 — Here’s The Resistance Level To Watch
- The Solana price surged towards $140, facing some resistance at this level.
- The on-chain data suggests that the Solana price is wedged between important support at $129 and major resistance at $144.
- A breakout above $144 or a breakdown below $129 could determine the future trajectory of the SOL token.
- As of now, the SOL token is valued at around $138, reflecting a 3% price increase in the past 24 hours.
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TronWeekly
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Solana (SOL) Bullish Momentum Accelerates as Whale Activity and On-Chain Metrics Surge
- Solana's bullish momentum is accelerating, with the price approaching key resistance at $145 and showing over 40% monthly gains.
- Whale and institutional activity has increased, including Galaxy Digital's $79M stake, highlighting long-term confidence in the Solana network.
- Traders remain cautious, with mixed signals in derivatives markets, focusing on whether SOL can decisively close above $145 for a push toward $180.
- Solana's on-chain metrics, such as active addresses and total transactions, indicate a promising future and growing adoption of the network's decentralized finance and non-fungible token ecosystems.
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Newsbtc
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Solana Price At Crossroads: $129 Support, $144 Resistance Set Stage For Next Big Move
- Solana's price breaks above $135, signaling growing bullish momentum.
- On-chain data shows significant resistance near $144, the next major test for bulls.
- Support for Solana price is at $129, while key resistance is at $144.
- A breakout beyond either boundary will dictate Solana's next move.
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Cryptopotato
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Violent Trend Reversal in Solana’s April Prices Has Altcoin Degens Drooling
- Solana's SOL experienced a 38% price rally from April 7 to 10, outperforming Bitcoin and Ethereum.
- The charts demonstrate bullish signals for Solana, such as the falling wedge pattern and cup and handle formation.
- Glassnode pointed out a significant cost basis support at $129.79 for Solana, indicating potential investor engagement at that level.
- Real estate giant Janover invested $20 million in SOL tokens and partnered with Kraken for staking half a billion dollars' worth of Solana tokens.
- NFT platform OpenSea introduced Solana token trading, with top meme coin gainers like MANEKI showing considerable increases.
- Four Solana ETFs were launched in Canada, signalling growing institutional interest in Solana as an investment.
- Solana's strong performance in April, along with various integrations and partnerships, has attracted attention in the altcoin market.
- Market indicators suggest positive trends and support levels for Solana, reflecting a bullish outlook for the cryptocurrency.
- Solana's quick price surge and strategic moves have positioned it favorably among altcoins, drawing interest from degens and investors.
- Institutional involvement, successful partnerships, and technical signals contribute to the optimism surrounding Solana's market performance.
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NullTX
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Is Galaxy Digital Rotating Out of Ethereum and Into Solana? On-Chain Moves Suggest a Strategic Shift
- Galaxy Digital's recent on-chain transactions indicate a possible shift away from Ethereum towards Solana in a strategic move.
- The firm has been moving substantial amounts of SOL off exchanges while depositing significant sums of ETH onto exchanges.
- Questions arise about whether Galaxy Digital is deliberately transitioning from Ethereum to Solana, possibly betting on Solana's potential.
- Galaxy Digital sent out $98 million worth of ETH to various exchanges while withdrawing $77.5 million in SOL from platforms like Binance.
- These moves suggest a coordinated effort to increase Solana holdings, potentially impacting the Solana ecosystem.
- Industry observers interpret these actions as institutions making strategic shifts in response to Ethereum's perceived limitations in scaling and high costs.
- Other venture capital firms and institutional investors are also seen reallocating funds or hedging their exposure to Ethereum.
- The motive behind Galaxy Digital's actions is unclear, prompting speculation whether it signifies a long-term strategic shift or a short-term hedge.
- Galaxy Digital's interest in Solana has been reinvigorated with the network's growth and new developments, including DAO, dApps, and ecosystem grants.
- The firm's ability to swiftly move assets on-chain and the pattern of ETH going into exchanges and SOL being accumulated indicate an active bet on potential uptrends.
- While Galaxy Digital has not officially confirmed its intentions, industry sentiment leans towards interpreting the actions as a vote of confidence in Solana's future.
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TheNewsCrypto
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Astra Fintech Launches $100M Solana Ecosystem Fund to Accelerate Innovation, Announces Strategic Expansion in Asia
- Astra Fintech launches a $100 million fund to accelerate innovation within the Solana ecosystem.
- Astra Fintech integrates Banana Pay as part of its Payment Finance (PayFi) strategy.
- Astra expands strategically in Asia, with Korea as its regional hub, to drive Solana adoption and expand PayFi solutions.
- Astra Fintech aims to build an interconnected financial ecosystem anchored in Solana, enabling the mass adoption of Web3.
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Coinjournal
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Top crypto price predictions: Solana, Shiba Inu, and Bitcoin Pepe
- Solana, Shiba Inu, and Bitcoin Pepe are three tokens gaining attention in the crypto market.
- Solana (SOL) has a dominant position in DEX trading and could reach new all-time highs.
- Shiba Inu (SHIB) is experiencing a bullish outlook with potential price surges predicted.
- Bitcoin Pepe (BPEP) is a high-risk, high-reward opportunity with significant attention in its presale.
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Bitcoinist
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Image Credit: Bitcoinist
Solana Inflation Reform Gets Second Try From Galaxy Research
- Galaxy Research has proposed a new plan to reform Solana's inflation.
- The proposal, called Multiple Election Stake-Weight Aggregation (MESA), aims to replace the current binary voting system with a market-driven aggregation.
- MESA would allow validators to express a full spectrum of preferences on reducing inflation rates.
- The proposal has drawn scrutiny from core developers, who argue for a dynamic market-based approach to inflation policy.
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Newsbtc
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Solana Price Enters Consolidation Trend Above $130 That Could End In A Breakout
- Solana price is in a consolidation trend around $130 level.
- Resistance at $136 is crucial for a bullish breakout.
- Solana's recovery after a false breakdown below $100 shows bullish potential.
- A sustained move above $136 could unlock higher price targets like $140, $147, and $152.
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Cryptopotato
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Galaxy Research Proposes Overhaul to Solana’s Inflation Voting System
- Crypto research firm Galaxy Research has proposed reforming Solana's token inflation rate decision-making process.
- The proposal suggests replacing single-outcome voting with Multiple Election Stake-Weight Aggregation (MESA) system.
- MESA allows validators to select from a range of deflation options, weighted by their stake, to find a middle ground.
- The proposal aims to avoid re-voting and governance deadlock, while giving the Solana community more influence over inflation decisions.
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Bitcoinsensus
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Solana Price Prediction May 2025: Bull Run Ahead?
- Solana has shown strong reaction from a key demand zone after tapping trendline liquidity on the weekly chart.
- If daily structure flips bullish, SOL may revisit lower H4 demand before a potential rally.
- Macro conditions still rule the game, making predictions uncertain—stay informed and flexible.
- The Solana investment outlook remains mixed—but not bearish.
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Crypto-News-Flash
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Galaxy Research Unveils Plan to Let Validators Vote on Solana Inflation Rates
- Crypto research firm Galaxy Research has proposed a new voting system on Solana's inflation reduction.
- The proposed system, called MESA, would allow validators to vote on multiple deflation rates.
- The aim is to maintain the fixed inflation rate while providing various options for deflation rates.
- The proposal was motivated by previous difficulties in reaching consensus on inflation reduction parameters.
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Crypto-News-Flash
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Coinbase Supercharges Solana Support with 5x Faster Block Processing
- Coinbase has revamped its Solana transaction system by adopting asynchronous block processing and shifting to bare-metal machines for speed.
- The upgrade improves RPC performance fourfold, adds failover systems, and boosts stability during high-volume trading and market surges.
- The improvements aim to fix long-standing issues with slow transaction times on Solana that left users frustrated in recent months.
- Coinbase's upgrade is not limited to faster RPC speeds, but also includes enhanced failover mechanisms and liquidity optimization to reduce trading delays and cater to future growth.
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