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Solana News
Cryptoninjas
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Wintermute’s $38M Solana Withdrawal Sparks Fears Ahead of $2B Token Unlock
- Market maker Wintermute's withdrawal of $38 million worth of Solana from Binance, just before a massive token unlock, raises concerns of increased selling pressure on SOL.
- An upcoming event will unlock $2 billion worth of Solana tokens, potentially adding to selling pressure and circulating supply, leading to fears of a bearish price trend.
- Solana has experienced a notable price correction, with the price dropping over 7.5% to hit $155, the lowest level in three months, attributed partly to the pending token unlock.
- Companies like Galaxy Digital, Pantera Capital, and Figure acquired SOL at discounted prices during FTX auctions, potentially indicating future selloffs for profit.
- Analysts anticipate over 15 million SOL, worth around $2.5 billion, to enter circulation post the unlock, with concerns of potential dumping impacting SOL's price.
- The negative market sentiment surrounding Solana is compounded by memecoin market dramas, including the recent Libra memecoin scandal, affecting investor confidence.
- The event highlights the risks of investing in highly speculative memecoins, following incidents like the SQUID token rug pull, emphasizing the importance of due diligence.
- Wintermute's withdrawal, potential FTX auction participant selloffs, impending token unlock, and memecoin market turmoil contribute to a bleak outlook for Solana in the near term.
- Investors should evaluate risks, conduct thorough research, and consider unexpected events that may impact Solana's price movements in the unregulated cryptocurrency market.
- Overall, uncertainties surrounding Solana, including the recent developments and looming token unlock, have prompted fears and caution among market participants.
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TronWeekly
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Solana’s Pump.fun Launch New AMM, Radium Crashes
- Pump.fun is testing its own AMM with $CRACK token for independent liquidity pools.
- Pump.fun's AMM aims to shift Solana trading fees and reward token holders directly.
- This move threatens Raydium's business and has led to a sharp drop in its price.
- Pump.fun's development of an in-house AMM could attract more developers and users to its platform.
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TheNewsCrypto
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How Long Do You Need to Hold $250 in Solana to Make $250,000? These 2 Altcoins Under $0.40 Could Do It Much Faster
- Solana (SOL) may offer long-term growth potential, but it could take years for a $250 investment to reach $250,000.
- An alternative with faster potential for growth is Lightchain AI (LCAI), which is currently in its presale at $0.006.
- Investing in altcoins under $0.40, such as Peanut the Squirrel (PNUT) and LCAI, offers opportunities for substantial gains.
- LCAI is revolutionizing blockchain and AI integration, providing enhanced security features and low-latency design for real-time applications.
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Crypto-News-Flash
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FTX Solana Unlock Triggers SOL Nosedive Below $160
- Solana price drops below $160 amid market concerns over the FTX unlocking event, increasing supply risks.
- Solana hits a low of $158, marking a 6.55% drop for the day, as market jitters intensify.
- Solana's market cap is now $77.84 billion, with a fully diluted valuation of $94.29 billion.
- Solana's decentralized exchange (DEX) volume declines by 36.35% reflecting a broader market cooling.
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TheNewsCrypto
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Solana Price is down today amid security concerns
- Solana Price fell nearly 47% from its January 19 high, reaching about $157.25 by February 24.
- Investor confidence is impacted by its association with the Lazarus Group, a pending $1.79B token unlock, and reduced futures market activity.
- A head-and-shoulders pattern and break below $177 support suggest a potential drop to around $110, while a rebound to $215 is possible if support holds.
- Overall, negative sentiment for hacks, impending token unlock, low futures activity, and bearish technicals are affecting the price of SOL.
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TheNewsCrypto
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Investors Fear Solana Price Capitulation, Investment Is Rotating Into New Top Altcoin Drawing XRP Comparisons
- Solana (SOL) investors are growing increasingly cautious as fears of price capitulation mount, driven by market volatility and concerns over large-scale liquidations.
- Investment capital is shifting toward emerging altcoins with stronger long-term potential.
- Lightchain AI, an AI-driven decentralization project, is gaining attention as a high-growth alternative and drawing comparisons to XRP.
- Investors see Lightchain AI as a new market leader capable of significant growth as capital rotates away from riskier assets like Solana.
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Bitcoinsensus
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Solana Price Prediction: Key Levels & Next Move
- Solana failed to reach the supply zone and broke through the demand, sweeping liquidity below.
- A bullish reaction is possible, but further downside remains a possibility.
- Patience is advised to wait for confirmation before making any trading moves.
- Solana's price action is at a critical stage, and the next few days will determine its direction.
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TheNewsCrypto
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Pump.fun Reportedly Testing In-House AMM That Could Replace Raydium
- Pump.fun is testing a new in-house AMM that could potentially replace Raydium as Solana's top memecoin exchange.
- Raydium's RAY token dropped 20% amid Pump.fun's AMM rumors, with analysts predicting a 30%-50% trading volume decline if launched.
- Pump.fun's in-house AMM could retain liquidity within its own ecosystem, affecting Raydium's market share.
- Pump.fun's AMM development solidifies their position as a leader in memecoin innovation and revenue generation.
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Cryptonews
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Figure Markets’ Yield-Bearing Stablecoin on Solana Scores SEC Approval
- Figure Markets brings the first SEC-approved yield-bearing stablecoin to Solana in the form of YLDS.
- YLDS will use the Secured Overnight Financing Rate minus 0.5% to determine its APR.
- Investors can redeem their YLDS in-kind or for USD 24/7, demonstrating the power of the blockchain for yield-bearing assets.
- The new product adds another high-profile tokenised fund to an industry demonstrating strong potential.
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TheNewsCrypto
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Solana Price Struggle Continues Amid Ongoing Bear Dominance
- Solana's price has been struggling, down by 35.33% in the last 30 days.
- Notoriety in high-profile rug-pull scam is a big factor in Solana's poor price performance.
- Bears are currently in control and Solana has been trailing behind other cryptocurrencies.
- At the time of writing, Solana is trading at $167.17, with a 2.97% drop in the last 24 hours.
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TechBullion
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Solana Faces an 11% Weekly Drop as This Layer-2 Meme Coin Surges in a Parabolic ICO – Could It Be the Next 100x Crypto?
- Solana faces an 11% weekly drop, drawing attention from the crypto community.
- A meme coin, XYZVerse (XYZ), is surging during its ICO, sparking speculation on its potential for massive returns.
- XYZVerse aims to blend sports and meme culture, with the community rallying behind its success.
- Solana (SOL) is a fast blockchain platform, attracting developers and investors with its speed and scalability.
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TheNewsCrypto
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Why This Layer 1 Project is the Top Crypto Asset to Watch in 2025- Don’t Miss Out on This Exclusive Opportunity!
- The crypto market in 2025 is focusing on Layer 1 blockchains, with Solana and Qubetics emerging as top contenders.
- Solana is recognized for its fast transactions and robust DeFi integration, setting high expectations for the future.
- Qubetics ($TICS) stands out by addressing interoperability issues within the crypto ecosystem, attracting significant investor interest.
- Solana's speed and efficiency have positioned it strongly in the market, drawing attention from various sectors including DeFi and NFTs.
- However, concerns about network outages and centralization have been raised, making Qubetics' interoperability-focused approach appealing.
- Qubetics eliminates the complexities of cross-chain transactions, enabling seamless interactions and multi-chain operations without intermediaries.
- With its presale gaining momentum, Qubetics has sold over 487 million $TICS tokens to a large number of holders, indicating growing interest.
- Investors have the opportunity to purchase $TICS tokens at a low price before the gradual price increases, potentially resulting in significant returns.
- Analysts project substantial ROI for $TICS investors, with predictions ranging from 209% to a remarkable 18,480% post mainnet launch.
- Qubetics presents a promising investment opportunity due to its early-stage status and the potential for exponential growth similar to Solana in its early days.
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Crypto-News-Flash
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Solana Unveils Smart Wallets—Revolutionizing Crypto UX with Zero Gas Fees!
- Solana Smart Wallets remove gas fees and private key risks, making blockchain adoption easier for developers, enterprises, and AI-driven applications.
- Backed by Crossmint and Squads Protocol, the technology enhances security, scalability, and flexibility, attracting fintech, gaming, and AI sectors.
- Solana Smart Wallets eliminate gas fees and transaction approval prompts, allowing developers to integrate wallets with just ten lines of code, offering scalability to millions of users.
- The wallets also support flexible custody structures, enabling multiple keys to control one wallet address and streamlining operations for enterprises.
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Coinpedia
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Top Altcoins to Watch Next Week: Solana (SOL), Story (IP) and Ethereum (ETH) Prices Prepare for Rebound
- Traders are bullish about a recovery in altcoin prices following Bitcoin’s surge.
- The upcoming ETHDenver conference could lead to increased interest in Ethereum and boost its price.
- SOL is facing challenges under $180, but if demand increases, it could push past this level.
- Story (IP) has seen a drop but could see a correction if it breaks above $5.3.
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Bitcoinist
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Spot Solana ETF Race Intensifies As Franklin Templeton Submits Application
- Franklin Templeton has submitted a proposal to the SEC for a spot Solana ETF.
- The Solana ETF will be listed on the Cboe BZX Exchange with Coinbase Custody Trust Company as custodian.
- Franklin Templeton may stake a portion of the ETF's assets through trusted staking providers.
- The price of Solana (SOL) experienced a 2% decline in the past 24 hours.
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