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Solana News
TechBullion
2w
429
Image Credit: TechBullion
$1,000 in 1Fuel Could Turn Into $100,000: Is This the Next Solana-Level Opportunity?
- 1FUEL, a new cryptocurrency, is predicted to outperform leading altcoins like Solana (SOL) in terms of growth potential.
- Solana (SOL) has seen a recent price rally, gaining 35% in the last month. However, there has been a slight correction in the past week.
- 1FUEL offers a privacy-focused cryptocurrency wallet with innovative features such as cross-chain transactions and secure crypto debit cards.
- Investors believe that 1FUEL can deliver exponential returns, with a potential 100X growth. The cryptocurrency is currently in presale phase.
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Crypto-News-Flash
2w
251
Image Credit: Crypto-News-Flash
Solana ETFs Blocked? SEC Reportedly Rejecting Key Crypto Applications
- The SEC has reportedly informed prospective issuers that their 19b-4 filings for Solana ETFs will not be approved.
- The decision aligns with the SEC's cautious approach to cryptocurrency ETFs and reflects broader regulatory concerns.
- The potential rejection of Solana spot ETFs highlights ongoing regulatory challenges and may increase volatility in Solana and other cryptocurrencies.
- Analysts forecast that Solana ETFs may not be approved until 2025, and new SEC Chair Paul Atkins is expected to bring a more favorable approach toward digital assets.
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Bitcoinsensus
2w
43
Image Credit: Bitcoinsensus
Solana Price Outlook: Demand Zones and Liquidity in Focus
- Solana's hourly structure remains bullish, indicating further upward momentum.
- Price retraced to a demand zone before reacting and grabbing liquidity.
- Liquidity and supply zones will likely play critical roles in SOL's next move.
- Stay flexible and adapt to the market's unpredictability.
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TheNewsCrypto
2w
86
Image Credit: TheNewsCrypto
Are Solana Spot ETFs Doomed Under the Current SEC?
- The U.S. Securities and Exchange Commission (SEC) is set to reject applications for at least two Solana (SOL) spot exchange-traded funds (ETFs) due to concerns about Solana's potential classification as a security.
- Sources suggest that the SEC is unlikely to approve any new cryptocurrency ETFs during the current administration.
- The SEC's stance extends beyond Solana to other anticipated crypto ETFs, raising concerns about broader regulatory obstacles.
- Industry analysts believe that SOL ETFs may not gain approval until 2025, contingent on potential leadership changes at the SEC.
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Hackernoon
2w
147
Image Credit: Hackernoon
Hawk Tuah the Moon or Prison: Haliey Welch Might Be in Big Trouble
- Hailey Welch, the woman who famously answered a 'wild move in bed' question during an on-the-street interview in Nashville, became a celebrity overnight and monetized her newfound fame by selling branded merchandise and launching a podcast.
- Welch later launched a memecoin called $Hawk on Solana on December 4 in an attempt to tap into the craze for cryptocurrency and celebrity tokens. Unfortunately, $Hawk crashed soon after, causing a lot of small-time investors who placed their hopes of buying a Lamborghini on profits from the coin to lose their money.
- The $Hawk token offered a mere 2% allocation to the public sale, with a sniper getting and selling most of it. The team had further unlocked an additional 17% allocated for presale, and people who received these tokens dumped them the moment they were issued. The team made millions for themselves with fee sets.
- In the aftermath of $Hawk's fall, many accused the team behind the project of outright fraud. Welc tried to defend herself but said she was not familiar with the crypto space.
- A member of the team behind the project labeled people who invest in cryptocurrency as 'mentally ill' and said that $Hawk was not a celebrity token but a meme - although the token seems to have capitalized on Welch's fame.
- Coffeezilla tried to ask questions but was spoken over. He later left the interview to open his own space which he called 'Straight Tuah Jail.'
- The responses from the team behind $Hawk only served to stoke the flames of speculation about wrongdoing, but there is little that those who lost money can do now.
- As with so many of these types of meme-related investments, a small percentage of people who invested made a significant amount of money, while many lost out.
- Unfortunately, many celebrities try to spin off their clout into cryptocurrency projects that are risky and, in many cases, amount to fraud. So far, the Securities and Exchange Commission (SEC) has not taken much action against these cryptocurrencies.
- It will be interesting to see which celebrity foray into cryptocurrency or meme coins will end up in a class-action lawsuit first.
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TheNewsCrypto
2w
195
Image Credit: TheNewsCrypto
Solana Consolidates Near $233 as Bitcoin Correlation Weakens: Technical Analysis
- Solana consolidates above $221 support after reaching all-time high at $264.
- Positive funding rates indicate sustained bullish sentiment among traders.
- Solana's correlation with Bitcoin drops to 0.43, suggesting potential independent price rally.
- Price range between $245 resistance and $221 support determines short-term direction for SOL.
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Crypto-News-Flash
2w
52
Image Credit: Crypto-News-Flash
XRP and Solana Rally Amid Meme Coin Frenzy, Bolstering Altcoin Market Optimism
- XRP and Solana are benefiting from the ongoing memecoin frenzy.
- XRP's price surged by over 355% in the last 30 days, while SOL rose 44.34%.
- On-chain metrics support the gains in XRP and Solana, indicating a bullish sentiment.
- Analysts predict XRP could revisit its January 2018 peak, while SOL may reach $400 by January and $1,000 by 2025.
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Cryptoslate
2w
269
Image Credit: Cryptoslate
Hawk Tuah Girl claims no tokens sold as memecoin launch sparks crypto community backlash
- The launch of memecoin HAWK on the Solana blockchain has sparked controversy and backlash.
- The token experienced a rapid rise and fall, leading to accusations of unethical practices and potential regulatory attention.
- Analysts revealed that nearly 96% of the token's supply was controlled by insider wallets, raising concerns of market manipulation.
- Investors have expressed outrage and some have filed complaints with regulatory authorities, while legal challenges are expected for the project's team.
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Bitcoinsensus
2w
130
Image Credit: Bitcoinsensus
Solana Price Analysis: New ATH and Key Levels to Watch
- Solana recently achieved a new all-time high on the weekly timeframe.
- The price reacted strongly to a previously identified demand zone, sparking bullish momentum.
- Key resistance near $251 could define the next big move—watch for a breakout or retracement.
- Solana is in an exciting phase, with plenty to keep an eye on while holding, trading, or observing.
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Altcoinbuzz
2w
0
Cardano, Solana or SUI: Which Altcoin Gem DOMINATES 2025?
- Cardano, Solana, and SUI are three of the biggest altcoin gem projects currently thriving on the crypto market.
- Cardano's focus on sustainable scalability and security sets it apart, and its major use case is in smart contracts, DeFi, and governance.
- Solana has a unique Proof-of-History (PoH) consensus combined with PoS, enabling it to handle thousands of transactions per second, and it excels in hosting complex dApps and scalability areas.
- SUI leverages the Move programming language to process transactions faster and easier, and its focus on parallel transaction processing makes it particularly suited to resource-intensive apps like Web3 gaming and social apps.
- Both Cardano and Solana have been around for a while, and both are riding on the growing adoption and use of their blockchain for real-world applications, including decentralized finance (DeFi), NFTs, and payment solutions.
- Cardano has been making upgrades to its tech, and its founder shared his vision of Cardano becoming a DeFi layer for Bitcoin. Experts believe $ADA can beat its current ATH in this bull market.
- Solana's speed and existing ecosystem make it a strong contender, but it has had some outages which could be a concern about its reliability. However, some analysts believe $SOL could cross into the $300 zone at the end of the bull market.
- SUI has shown great strength, moving from just 78 cents to a jaw-dropping $3.77 in a few months, and has carved out a niche in gaming and DeFi.
- Judging by historical performance and current momentum, Cardano has room for growth and could lead the pack if it continues to sustain its growth.
- Investors are advised to do their due diligence, and this information is for educational, entertainment, and informational purposes only.
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Zycrypto
2w
4
Image Credit: Zycrypto
Grayscale Tips Solana Adoption as SOL Outperforms Ether This Year
- Grayscale expects Solana's (SOL) rise to continue as it outperforms major crypto assets.
- Solana's success is attributed to meme coin trading on the network and increased institutional appetite.
- Grayscale analysts point to meme coins on Solana as a key driver for ecosystem growth.
- While Ethereum still attracts institutional interest, Solana's performance has surpassed it this year.
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Crypto-News-Flash
2w
270
Image Credit: Crypto-News-Flash
Grayscale Files for Solana ETF Amid Growing Institutional Interest in SOL
- Grayscale Investments has filed for a Solana-based ETF with the NYSE, highlighting Solana’s importance as a leading cryptocurrency and blockchain company.
- Grayscale becomes the fifth asset manager to seek approval for a Solana ETF, following previous filings by VanEck, 21Shares, Canary Capital, and Bitwise.
- The approval of a Solana Exchange-Traded Fund is optimistic, but the timing of approval remains uncertain.
- Solana's price has surged by 43% in the past month, reaching an all-time high of $264, with a total circulating supply of 475.90 million tokens and a market capitalization of $112 billion.
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TronWeekly
2w
52
Image Credit: TronWeekly
Solana’s Explosive Growth Drives Bold ETF Push by Grayscale
- Grayscale Investments has filed for a spot Solana ETF with the SEC.
- If approved, the ETF will be listed on the New York Stock Exchange.
- Coinbase Custody will store the Solana ETF securely, while BNY Mellon will handle fund management.
- Solana's strong performance in DeFi and growing market interest have fueled optimism for the Grayscale Solana ETF.
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TheNewsCrypto
2w
231
Image Credit: TheNewsCrypto
Pump.fun Transfers 200K SOL to Kraken Amid Record Revenue
- Pump.fun transfers 200K SOL tokens, worth $47.17 million, to Kraken deposit amid record revenue.
- Pump.fun achieved $93M in revenue in November, its highest monthly revenue to date.
- Solana meme tokens like PNUT and CHILLGUY contribute to Pump.fun's platform growth.
- The platform plans to launch new features and tokens to shape its future in the market.
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TheNewsCrypto
2w
362
Image Credit: TheNewsCrypto
Solana (SOL) Eyes Recovery as Price Inches Closer to $240
- Solana (SOL) is trading at $237, marking a 5% gain over the past 24 hours.
- SOL has witnessed a 24-hour liquidation of $21.96 million.
- Solana has experienced notable price fluctuations but analysts anticipate more gains in December.
- The price of Solana has surged by over 47.30% in the past thirty days, indicating a positive outlook.
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