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Solana News
Cryptopotato
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BlackRock’s Big Bet Sends Solana Sentiment to New Highs
- The social media buzz around Solana (SOL) has reportedly reached a fever pitch, buoyed by GameStop’s $1.3 billion Bitcoin (BTC) play and BlackRock’s recent expansion onto the blockchain.
- Santiment reports near-record high 18:1 positive-to-negative sentiment ratio for Solana, driven by the belief that institutional backing could speed up adoption and strengthen its market position.
- BlackRock's integration of Solana into its tokenized money market fund, BUIDL, and GameStop's plans to raise $1.3 billion to buy Bitcoin inspire positive sentiment.
- Solana's meme coin space experiences growth as its meme coin launches increase and Ghiblification (GHIBLI) token skyrockets 35,000% since going live.
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Bitcoinist
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Image Credit: Bitcoinist
Solana Eyes Rally To $235 After A Notable Breakout From This Crucial Chart Formation
- Solana experienced a pullback to $136 after losing upward momentum.
- Many analysts predict a potential price reversal and anticipate a major rally for SOL in the short term.
- The recent breakout from the Falling Wedge formation has strengthened SOL's momentum, indicating the potential for further upward movements.
- Technical analysts suggest that Solana could reach $235 in the upcoming rally and possibly even achieve a new all-time high at $316.
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Coin Telegraph
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Image Credit: Coin Telegraph
Why is Solana (SOL) price down today?
- Solana's native token, SOL, is down 4% amid minor corrections across the broader crypto market.
- Key factors driving the SOL prices lower today include a drop in network activity and total value locked.
- SOL's price drop is preceded by a drop in the total value locked (TVL) in its DeFi applications, which has been experiencing a downtrend since mid-January.
- SOL is trading within a bear flag pattern, indicating the possibility of continuing with the downward momentum if key support levels don't hold.
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Bitcoinsensus
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Image Credit: Bitcoinsensus
Solana Price Prediction: Is SOL About to Crash?
- Solana has broken structure, confirming the bearish trend.
- Price may retrace into key supply zones before potentially dropping further.
- Liquidity levels below the current price indicate potential stop-loss triggering.
- Flexibility and adaptability are crucial in navigating SOL's price movement.
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TechBullion
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Image Credit: TechBullion
How to buy Solana (SOL) and avoid high purchase fees
- Investing in cryptocurrencies like Solana (SOL) has become popular due to their innovative technology and growth potential.
- Understanding how to buy Solana efficiently is crucial to minimize purchase fees and maximize returns.
- Solana is a high-speed and scalable blockchain network designed for decentralized applications and smart contracts.
- Its unique features include Proof-of-History (PoH) to streamline transaction validation and a stateless architecture for efficiency.
- The Solana token (SOL) plays a vital role in the network's functionality and has shown strong performance in the market.
- Factors influencing Solana's price include network growth, adoption, market trends, and overall demand for the SOL crypto.
- Tip for buying SOL include choosing exchanges with low fees, timing purchases wisely, using fee-reducing services, and participating in promotions.
- SimpleSwap offers a convenient way to buy SOL with a debit card, providing a user-friendly experience for acquiring the asset.
- The process on SimpleSwap involves selecting the exchange pair, specifying the quantity, providing the recipient's address, and completing the transaction.
- Efficiently purchasing SOL involves staying informed, analyzing market trends, and employing strategies to reduce fees and enhance investment returns.
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NullTX
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Image Credit: NullTX
PumpFun Deposits $7.81 Million in $SOL to Kraken as Total Holdings Soar to $469.1 Million
- Solana ($SOL) deposited $7.81 million worth of $SOL into Kraken, increasing total holdings to $469.1 million.
- This deposit of 54,113 $SOL tokens is part of PumpFun actively managing and expanding its crypto portfolio.
- PumpFun has sent 1,573,313 $SOL, valued at $293.26 million, to Kraken in 2025 alone.
- The company now holds 3,232,101 $SOL tokens, translating to a valuation exceeding 3/4 of a billion dollars.
- PumpFun's co-founder, Alon, revealed plans for a Creator Revenue Sharing feature to redefine the creator experience on the platform.
- PumpFun reinvests revenues into product development, focusing on building a sustainable business model rather than immediate profits.
- With a team of 45-50 individuals primarily focused on engineering, PumpFun is strategically investing in technical development.
- PumpFun's vision aims to empower creators through features like Creator Revenue Sharing and foster collaboration within the ecosystem.
- The company's strategic investment in $SOL underscores its confidence in Solana's potential as a reliable blockchain platform.
- PumpFun's continual growth, innovative product development, and focus on reinvestment position it as a significant player in the blockchain space.
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Cryptoticker
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Image Credit: Cryptoticker
Solana Price Ready to Explode or Fakeout Incoming?
- Solana (SOL) is showing early signs of a potential trend shift after a prolonged downtrend.
- The price of SOL has stabilized and reclaimed the 20-day Simple Moving Average (SMA).
- Momentum indicators indicate a mixed picture, with buying pressure remaining tentative.
- Key resistance levels to watch are $145-$155, with a breakout above signaling a possible rally towards $200.
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NullTX
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Image Credit: NullTX
$PWEASE Memecoin Surges Over 50%, Hitting $13.5 Million Market Cap: What’s Driving the Hype?
- The Solana-based memecoin $PWEASE has surged over 50% in price today alone, reaching a market capitalization of $13.5 million, drawing attention from traders and memecoin enthusiasts.
- PWEASE thrives on a parody culture associated with U.S. Vice President J.D. Vance and strong grassroots support, appealing to humor and internet culture within the cryptocurrency space.
- As with successful memecoins, $PWEASE uses humor, parody, and cultural relevance to engage communities and generate interest, utilizing meme culture effectively for its growth.
- The recent spike in $PWEASE's value reflects ongoing interest and community involvement, showcasing stability amidst crypto market volatility and maintaining a loyal following.
- The hype around $PWEASE has been fueled by Vice President J.D. Vance's forthcoming diplomatic trip to Greenland, connecting the memecoin to current events and driving visibility and trading volume.
- The future of $PWEASE and memecoin markets remains uncertain and highly speculative, with price fluctuations and community support shaping their trajectory, linked to cultural conversations and political events.
- While $PWEASE's connection to parody culture and contemporary political issues may influence its future growth, caution is advised due to the asset's volatile nature, emphasizing the speculative aspect of memecoins.
- Investors should conduct thorough research before engaging with memecoins like $PWEASE, aware of the risks associated with highly unpredictable assets in the cryptocurrency market.
- It is essential to recognize that memecoins like $PWEASE can yield significant gains but carry inherent risks, demanding a careful approach towards investment decisions in volatile crypto assets.
- This summary is not financial advice but highlights the current trends and dynamics surrounding the Solana-based memecoin $PWEASE and its engagement with parody culture, community support, and political relevance.
- Follow @nulltxnews on Twitter for updates on Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news.
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NullTX
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Solana ($SOL) Faces Uncertainty Amid Unrealized Losses and Optimism Over Potential Spot ETF
- Solana ($SOL) market is currently facing uncertainty, with long-term holders experiencing losses.
- The Glassnode’s Net Unrealized Profit/Loss indicator reflects fear sentiment, hinting at potential future price reactions.
- There is anticipation around a possible spot Solana Exchange-Traded Fund (ETF), with an 85% chance of approval by 2025.
- The market is debating whether the current price movements are linked to the ETF possibility or just speculative behavior.
- Recent data shows many $SOL holders are in unrealized losses, impacting Solana's current market positioning.
- High levels of unrecognized losses could result in either accumulation phases or price rallies for Solana.
- Solana's trajectory depends on market sentiment and potential buying pressure to prevent further decline.
- Speculation surrounding a Solana ETF approval is fueling optimism but faces uncertainties in regulatory approval and market conditions.
- Despite uncertainties, traders are pricing in the approval of a Solana ETF, which could significantly impact Solana's token price.
- Future outlook for Solana remains uncertain, with factors like market sentiment and ETF approval influencing price action.
- Investors are advised to closely monitor market sentiment and potential outcomes to navigate Solana's current phase of uncertainty.
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Coinjournal
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Interactive Brokers adds SOL, ADA, XRP and DOGE to trading platform
- Online trading platform Interactive Brokers has added Solana (SOL), Cardano (ADA), Ripple (XRP), and Dogecoin (DOGE) to its platform.
- The new cryptocurrencies are now available to eligible investors with accounts at Paxos and Zero Hash LLC.
- Interactive Brokers already offered Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and Bitcoin Cash (BCH).
- With the addition of SOL, ADA, XRP, and DOGE, Interactive Brokers now offers a total of 8 cryptocurrencies on its platform.
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Livebitcoinnews
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Image Credit: Livebitcoinnews
Cboe Pushes SEC to Approve Fidelity Spot Solana ETF
- Cboe BZX Exchange has filed for permission from the SEC to list Fidelity's spot Solana ETF.
- Fidelity is among several asset managers seeking to launch spot SOL ETFs, including VanEck, Grayscale, 21Shares, Bitwise, and Franklin Templeton.
- Demand for Solana-based investment products is rising following the launch of Solana futures contracts on the CME.
- The approval of altcoin ETFs could result in wider usage of altcoin ETFs for Americans.
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TronWeekly
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Image Credit: TronWeekly
Circle’s USDC Breaks Record, Outpaces USDT in Recent Growth Rate
- USD Coin (USDC) has surpassed $60 billion in market cap, reaching a new all-time high.
- USDC added $16.3 billion to its supply in the last three months, outpacing the growth of USDT.
- The surge in USDC's market cap suggests increased investor interest and adoption globally.
- The growth of stablecoins, driven by regulatory clarity, has led to the entrance of new players in the market.
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Bitcoinist
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Image Credit: Bitcoinist
Solana Gets A $1.7 Billion Boost As BlackRock Expands Tokenized Funds
- Financial management behemoth BlackRock has launched a fund for big clients on the Solana network.
- The fund, called the USD Institutional Digital Fund (BUIDL), has already accumulated $1.7 billion in assets and is available on seven different blockchain platforms.
- Solana's fast transactions and low fees make it an attractive blockchain for financial firms.
- BlackRock's efforts to merge blockchain technology with traditional financial products show strong investor interest in these new tools.
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TheNewsCrypto
4d
251
Image Credit: TheNewsCrypto
Solana Teeters on Brink of Death Cross as $148 Resistance Holds Firm
- Solana (SOL) struggles to break through $148 resistance level despite recent gains.
- NVT Ratio at a 5-month high suggests Solana's market hype exceeds actual network usage.
- Impending Death Cross between 50-day and 200-day EMAs threatens Solana's upward momentum.
- Fidelity's filing for a spot SOL ETF provides optimism, but lack of on-chain activity raises concerns.
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Newsbtc
4d
28
Image Credit: Newsbtc
Solana Tags Upper Bollinger Band For First Time Since ATH — Is Momentum Returning?
- Solana (SOL) is showing signs of recovery after recent selling pressure and volatility.
- Analyst Big Cheds highlights the tag of the upper Bollinger Band, indicating potential momentum favoring the bulls.
- Solana's current challenge is to hold above $135 and push towards resistance levels to confirm a trend reversal.
- Resistance at $150 and the zone between $170 and $180 are crucial levels for Solana's recovery.
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