SOL

The Solana dump looks far from over as whales continue offloading their SOL holdings during this market downtrend. The recent shakeup in the crypto space might have also contributed to these whales’ bearish sentiment towards Solana.  Crypto Whale Offloads $16 Million Worth Of Solana In an X (formerly Twitter) post, the on-chain analytics platform Lookonchain drew the crypto community’s attention to a whale who has sold 114,300 SOL ($16 million) on Binance and OKX since August 4. This whale’s most…

Bitcoin (BTC) briefly climbed above $61,000 on Tuesday but could not stay above this level as sellers immediately drove the price back towards $60,000. Growing selling pressure forced BTC back below $60,000, with the cryptocurrency currently trading around the $59,500 mark. Crypto markets registered a notable increase on Tuesday, with all major cryptocurrencies registering gains. However, markets have hit a rough patch, with most coins in the red at present. The anticipation around the Federal Reserve meeting minutes and the…

Despite all the noise around the Spot Solana ETFs having almost zero chance of being approved this year, the $SOL price has formed a beautiful base structure from which to go higher. $SOL follows similar short term price action to $BTC Source: TradingView For the short term price action, it can be seen that the $SOL price broke out of a downward trend, but has really failed to find any momentum since doing so. That said, it is above the…

The post Solana ETF Approval In Brazil: A Turning Point for SOL Price? appeared first on Coinpedia Fintech News The Brazilian Securities and Exchange Commission (CVM) has approved a second Solana ETF, expanding crypto investment options in the country, according to CVC data. This new ETF is set to be offered by Hashdex, a prominent asset manager, in collaboration with BTG Pactual, one of Brazil’s leading investment banks. BREAKING: BRAZIL REGULATOR APPROVES THE LAUNCH OF SECOND $SOL ETF pic.twitter.com/QLuRW39QKo— DEGEN…

Solana (SOL) has recovered 30% of its price since the Black Monday crash, hovering between the $155-$140 range. Recent reports revealed the Solana-based investment products were among the largest losers last week after registering over $30 million in outflows. The token continued its sideways trajectory despite the negative net flows and memecoin’s trading activity decline over the week. As a result, SOL’s recent performance was praised by some crypto analysts who deem the cryptocurrency a safe bet. Solana ETPs See…

Despite recent struggles, Bitcoin (BTC) has reclaimed the $60,000 price level and is trading at $61,100, up over 4% during the past 24 hours. BTC and Ethereum (ETH) were trading flat early on Monday but quickly shrugged off the initial lethargy to record noticeable gains.  Other cryptocurrencies, such as Toncoin (TON), also made considerable gains on Monday, buoyed by the news of a partnership between HashKey and GameFi project Catizen. DYDX has also recorded an uptick as traders remain optimistic…

MoonTaurus (MNTR) is rapidly emerging as a major contender in the cryptocurrency market, with analysts predicting it could rival established giants like Solana (SOL) and Polygon (MATIC). Currently in its presale phase, MoonTaurus is attracting attention due to its early-stage valuation of $0.010, up from $0.005 in the initial stage. Analysts highlight the token’s impressive 1300% growth potential, making it an appealing opportunity for investors seeking high returns. With strategic marketing efforts and strong community engagement, MoonTaurus is poised for…

The post Bitget Bets on SOL Projects for User Base Growth, Launches Solana Hackathon in Vietnam appeared first on Coinpedia Fintech News Today Solana is considered one of the blockchains with the greatest growth potential on the market. The platform offers unparalleled transaction speed, low fees, scalability, and a growing ecosystem of dApps and NFTs, which continue to attract numerous developers.  This positions SOL similarly to ETH in its early days, as more developers and users flock to the platform.…

A significant amount of dormant Bitcoin from 2013 has resurfaced in the market, sparking speculation about shifting investment strategies. Over 860 BTC, valued at $24 million, moved in a series of transactions last week, marking the first activity in these wallets since their creation. This movement suggests that long-term holders, often referred to as "diamond hands," might be reconsidering their positions, opting to diversify into other promising assets like Solana (SOL) and trending meme coin MoonTaurus (MNTR). Bitcoin’s Old Guard…