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Solana News
TronWeekly
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FTX Bankruptcy Saga: How 11.2 Million SOL Tokens Will Impact Solana’s Market
- FTX's bankruptcy saga intensifies as 11.2 million SOL tokens worth $2.06 billion are set to be unlocked on March 1st.
- Three auctions sold 41 million SOL, with Galaxy leading at 25.52 million SOL, yielding a 187% return.
- The final 11.2 million SOL unlock could spark more volatility in the Solana market, impacting FTX's restructuring.
- The high-profile auction has the potential to draw more attention to the cryptocurrency industry and have a profound impact on the whole crypto market.
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TronWeekly
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Ethereum Vs. Solana: Is Ethereum Finally Winning the Stablecoin Battle?
- Stablecoin reserves on Ethereum increased by $1.1B, while Solana's reserves dropped by $772M.
- With gas fees falling below 2 gwei, Ethereum is reducing costs and solidifying its position in the DeFi ecosystem.
- Ethereum-based stablecoins are gaining strength in the market, with an increase in reserves of USDT and USDC.
- The convergence of lower transaction costs and increased stablecoin reserves suggest Ethereum's dominance in the stablecoin battle.
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Cryptopotato
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Solana DEX Trading Volume Drops to $2.61B, Lowest Since Mid-December
- Solana DEX's trading volume dropped to $2.61 billion on February 16, the lowest since mid-December.
- Raydium and Orca experienced significant decreases in volume, while Meteora saw an 18% increase.
- Solana's DEXs recorded a total trading volume of $20.2 billion for the week ending February 16, continuing a five-week decline.
- The decrease in Solana's DEX volume can be attributed to the fading enthusiasm for meme coin trading and other market pressures.
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Cryptopotato
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Bitcoin Sees $430M in Outflows as Market Responds to Fed’s Hawkish Stance
- Digital asset investment trends have reversed with outflows reaching $415 million after 19 consecutive weeks of inflows post-US election.
- Bitcoin faced the heaviest losses, with outflows reaching $430 million, due to concerns arising from the Federal Reserve Chair's remarks on tighter monetary policy.
- Ethereum experienced $7.2 million in outflows, while Solana led inflows with $8.9 million.
- The United States accounted for the majority of losses with $464 million in outflows, while Germany led with $21 million in inflows.
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TechBullion
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SHIB Holders Dream of $1, But Dogen Is the Meme Coin Actually Built for Explosive Growth!
- Dogen, a fresh meme coin, is gaining attention and might be built for rapid growth.
- DOGEN experienced a 500% surge post-DEX listing and still up 566% from its lowest presale price.
- A centralized exchange (CEX) listing could further fuel DOGEN's growth.
- Shiba Inu (SHIB) is a cryptocurrency operating on the Ethereum blockchain with potential for development and growth.
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Cryptopotato
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Sonic Kicks Off $1M Mobius Hackathon
- Sonic SVM launches $1 million Mobius Hackathon to encourage developers to build dApps on its gaming-optimized platform.
- The hackathon will feature four tracks: Attention Capital Market, DeFi, AI, and Gaming.
- Participants will create apps addressing specific needs, such as content tokenization, yield-generating tools, AI agent aggregators, and high-revenue gaming experiences.
- Experts will evaluate submissions based on innovation, technical depth, and viability, and winners will be announced on April 2.
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Crypto-News-Flash
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Solana News: FTX SOL Liquidation Looms—How Will 11.2M Tokens Impact Crypto Prices?
- On March 1, 11.2 million SOL tokens worth $2.06 billion will be unlocked from the FTX bankruptcy auction, marking a major event in the cryptocurrency market.
- The unlock event offers an opportunity to monitor price fluctuations, and if SOL’s value decreases due to increased supply, investors may seize the chance to acquire the token.
- The market reaction to the upcoming 11.2 million SOL unlock depends on factors like the speed of token release, liquidation method, and demand absorption.
- Some analysts remain optimistic about Solana's long-term prospects, as the blockchain continues to drive innovation in decentralized applications, decentralized finance, and non-fungible tokens.
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TheNewsCrypto
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Solana Price Analysis: Will Bears Keep SOL Trapped Below $200?
- Solana (SOL) struggles below $200, dropping nearly 17% from recent highs due to declining trading volume and memecoin scandals.
- A drop below $170 is likely if SOL fails to hold above $180, while a breakout above $186 could indicate a short-term recovery.
- Memecoin scandals and declining trading volumes impact Solana's price and investor confidence.
- Approval of a Solana Exchange-Traded Fund (ETF) could provide a boost, but a bullish breakout remains uncertain.
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Newsbtc
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Solana Bearish Trend Deepens: Is $164 Support the Next Stop For SOL?
- Solana is experiencing mounting selling pressure and is approaching the crucial $164 support level.
- Technical indicators suggest a bearish outlook for SOL, with price trading below the 100-day SMA.
- The market outlook for Solana depends on its ability to hold the $164 support level.
- If the support level holds, a relief rally could push SOL towards key resistance levels at $240 and $260.
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Bitcoinsensus
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Solana Price Prediction: Will SOL Hold Key Demand?
- SOL has reached a critical demand zone that could trigger a move higher.
- If the demand fails, SOL could turn bearish and become more attractive for shorts.
- Liquidity is resting above, and a breakout could send SOL higher, but confirmation is important.
- Flexibility and adapting to price action are crucial for trading SOL.
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Crypto-News-Flash
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Solana Network Expands as DeFi and AI Projects Boom
- Solana's fast, low-fee network attracts developers, driving growth in DeFi, AI, and meme coin applications.
- Solana has established itself as a key player in the cryptocurrency market, rebounding over 3,000% to reach a record high.
- Solana's low costs, fast transaction speeds, and developer-friendly technology make it a preferred choice for various projects.
- The upcoming FireDancer upgrade could enhance Solana's network stability and attract more developers and validators.
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Crypto-News-Flash
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Solana DEX Sees $2.517B Volume Amid Ongoing Downtrend
- Solana DEX trading volume hit $2.517 billion, marking a continuous decline since mid-December.
- Meteora saw an 18.65% rise in trading volume, while Raydium and Orca experienced a decline.
- The decrease in trading volume may be related to investor saturation with meme coins and interest shifting to other networks.
- Despite the decline, Solana still controls around 50% of the DEX market share.
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TheNewsCrypto
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Price Predictions For Cardano, Solana, and DTX Exchange In 2025! Why Smart Money Is Moving Towards Altcoins Like DTX
- In 2025, smart money is showing interest in top crypto coins like Cardano and Solana as well as a newcomer, DTX Exchange, with its rapid presale gains and upcoming exchange listings.
- DTX Exchange is positioned to offer maximum gains to investors with its innovative VulcanX blockchain, liquidity, fast execution speeds, leverage, and diverse trading options.
- With a low price of $0.18 and future listings on major exchanges, experts predict DTX could see a 50x jump upon debut, making it a lucrative investment opportunity.
- Cardano's price shows resilience amidst market volatility, with potential for a slow increase to a trading range between $0.79 and $1.84 by 2025.
- Solana's price is volatile but poised for a potential breakout, with a 2025 price prediction indicating a trading range between $180 and $460.
- While Cardano and Solana offer long-term value, DTX Exchange presents a high-growth opportunity with its low market cap and significant growth potential.
- DTX Exchange, currently in its bonus presale phase, aims to revolutionize the finance industry with real-world applications, high liquidity, and high-yield trading opportunities.
- With significant listings approaching on Binance, Uniswap, and Bybit, DTX Exchange is attracting major investor interest and may provide exponential returns to early investors.
- Investors looking for quick profits could find greater opportunities in altcoins like DTX, which is ready for explosive expansion and presents great growth potential.
- The article emphasizes the potential gains for investors in DTX Exchange compared to the slower ascent forecasted for Cardano and Solana in 2025.
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Newsbtc
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Solana Price Eyes Surge To $260, But Losing $190 Could Ruin The Rally
- Solana's price shows potential for a surge to $260, but it must hold above $190 for the rally to continue.
- Technical analysis indicates that Solana is currently trading within a bullish parallel channel.
- The presence of the parallel channel suggests a recovery to $225, and potentially even a further extension to $260.
- It is crucial for Solana to maintain support at $190, as a failure to do so could invalidate the bullish outlook.
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Bitcoinist
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Solana (SOL) Gearing Up? Key Levels Suggest Potential Surge To $264
- Solana (SOL) has registered minor gains in the past week while maintaining an overall bullish trend.
- Renowned market analyst Ali Martinez predicts potential price targets for SOL, with a potential surge to $264.
- Solana's higher average transaction fees compared to Ethereum indicate higher network and user engagement.
- Solana currently trades at $199 with a market cap of $98 billion, ranking as the fifth largest cryptocurrency.
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