Solana

Solana, like many Proof-of-Stake (PoS) cryptocurrencies, relies on a decentralized network of validators who secure the network by staking their SOL coins. In exchange for staking, validators earn rewards. However, as Solana’s price began its recent ascent, a noticeable decline in staked SOL was observed. This suggests that some validators are choosing to unstake their coins, potentially to capitalize on the price surge and book some early profits. Solana Market Cap And Price Soar Meanwhile, on Tuesday, Solana enjoyed a…

Two Solana-based memecoins, Bonk (BONK) and Dogwifhat (WIF), have registered substantial gains over the past 24 hours. BONK recorded a 35% increase, while WIF climbed by 19%, positioning them among the top three gainers in the top 100 cryptocurrencies by market cap today. Only Hedera Hashgraph (HBAR) surpassed them, with a notable 44% rise during the same period. Resolution Of Solana’s Congestion Issues Spurs Memecoins The significant uptick in these Solana memecoins is closely linked to the recent improvements in…

DeGods, the NFT project that once held the highest market value on Solana, is contemplating a return to its original blockchain. Founder Rohan Vohra, who goes by the pseudonym ‘Frank’ recently shared a test picture of bridging NFTs back to Solana, indicating a potential shift back to the platform where it first gained prominence. When DeGods debuted in late 2021, Solana was approaching its peak price, and its NFT ecosystem was growing rapidly. However, by the time it became Solana’s…

The post Solana Holds Above $150 Amid Mixed On-Chain Metrics: Here’s The Next Price Level For SOL appeared first on Coinpedia Fintech News Recently, Solana (SOL) has attracted considerable interest as its price has consistently recovered from previous lows. This positive trend followed Bitcoin’s recovery toward the $66,000 mark. Despite this bullish market sentiment, Solana has experienced a decline in its crucial on-chain metrics. However, several metrics continue to build strong buying demand for Solana, creating a mixed sentiment in…

The post New Solana Meme Coin Lucky Boo Explodes Onto Jupiter DEX With Airdrop Campaign appeared first on Coinpedia Fintech News The Lucky Boo token is making waves, rapidly becoming a standout star in the crypto universe. With its presale rounds completely sold out and a dedicated community that’s buzzing 24/7, now’s the time to get in on this golden opportunity before $BOO hits major exchanges like Binance and Coinbase. Discover why this token is not just another digital asset—it’s a…

The post Step into the True Team of $DLORD: Embrace the Dark Side of Memes on Solana! appeared first on Coinpedia Fintech News Dork Lord emerges as a revolutionary force in the crypto meme space, combining humor, innovation, and community-driven ethos on the Solana blockchain. Today, the crypto community welcomes the arrival of Dork Lord, a groundbreaking meme token launched on the Solana blockchain. With its unique blend of humour, innovation, and community-driven ethos, Dork Lord sets itself apart as…

Burlignton, United Kingdom, April 23rd, 2024, Chainwire $SNUKE a South Park-inspired meme coin that combines humor and fun with lucrative potential. has announced its Pre-Sale on Thursday 21st of April. With its launch on the Solana blockchain, $SNUKE offers its early adopters a unique opportunity to be part of a journey of excitement and humorous groove. $SNUKE Taps Into The Meme Coin Magic On Solana $SNUKE gets its unique name from one of the most exciting episodes of “South Park” titled the…

The Wild West of cryptocurrency just got a little wilder. Solana, the blockchain known for its lightning-fast transactions, recently became a breeding ground for a peculiar phenomenon: the meme coin frenzy. While these dog-themed, cat-inspired, or just plain nonsensical tokens promised moon landings, many investors landed face-first in a crater of lost cash. Solana Stampede: A Frenzy Of Frivolous Finance Fueled by social media hype and the fear of missing out (FOMO), a stampede of investors poured money into meme…

Several meme coin projects on Solana have been rugged over the past month, leading to investors losing a staggering $26.7 million.  Solana founders have issued repeated warnings to users to discourage them from investing in such projects. However, even established influencers are participating in such activities and looking to scam users.  A Slew Of Abandoned Projects  Solana is known for its high-speed blockchain network. Lately, it has been in the news for an entirely different reason, with the network being…