Tag: Solana

Solana lacks ‘convincing signs’ of besting Ethereum: Sygnum

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Solana does not yet have “convincing signs” that it could overtake Ethereum as the blockchain of choice for institutions, as its revenue is seen as unstable due to its memecoin concentration, according to crypto bank group Sygnum. In a May 8 blog post, Sygnum said that the current sentiment around Ethereum “remains poor,” with the market focused on Solana’s “transaction volumes and its recent dominance in fee generation.” However, Sygnum said “the medium-term outlook will primarily be shaped by traditional financial institutions’ platform choices to bring their product offerings,” not…

SOL Strategies Explores Tokenizing Shares on Solana via Superstate Partnership

SOL Strategies Inc. announced plans to explore tokenizing its equity on the Solana blockchain through a non-binding partnership with financial technology firm Superstate, potentially becoming the first public company to do so. Non-Binding Pact Could Pave Way for Solana-Based Share Tokenization The Toronto-based company, SOL Strategies Inc. (CSE: HODL) (OTCQB: CYFRF), signed a memorandum of […] Source CryptoX Portal

Report Exposes 98.6% of Solana Meme Coins on Pump.fun as Fraudulent 

A new report by blockchain analytics firm Solidus Labs reveals that 98.6% of tokens launched on Solana’s Pump.fun and 93% of liquidity pools on Raydium exhibited signs of fraudulent activity, including pump-and-dump schemes and rug pulls. Solana’s Low Fees Fuel Explosion of Meme Coin Fraud, Research Shows The findings, detailed in Solidus Labs’ “2025 Rug […] Source CryptoX Portal

Companies Left and Right Are Buying Solana, Promising a Rally. Will the Solaxy Presale Explode?

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Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. SOL Strategies, a Canadian investment company focused on the Solana ecosystem, just bought 122,524 $SOL at an average price of $148.96. This brings the total purchase value to $18.25M. It’s worth noting that this acquisition is…

Solana bull flag, rising stablecoin market cap hint at SOL price rally to $220

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Key takeaways: Solana’s stablecoin supply rose by 156% in 2025, to hit a new record at $12 billion. Solana’s TVL grew by 25% to $7.65 billion, with 27.7% decentralized exchange volume share, leading Ethereum and BNB Chain. SOL price formed a bull flag, with a price target at $220. Solana’s native token, SOL (SOL) failed to maintain its bullish momentum after reaching $156 on April 25, but an assortment of data points suggests that the altcoin’s upside is not over. SOL stablecoin market cap hits $13 billion Solana’s stablecoin supply…

Singapore’s Grab taps Solana DePIN project Natix to ‘reshape mapping’

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Southeast Asia’s superapp Grab has partnered with Natix, a project within Solana’s decentralized physical infrastructure network (DePIN), to cooperate on mapping and autonomous driving technologies. The joint collaboration aims to combine Natix’s blockchain-based mapping data with Grab’s camera hardware and mapmaking technology featuring artificial intelligence support, Natix said in an announcement on May 6. “This partnership brings together the best of both worlds,” the announcement noted, pointing to Grab’s expertise in crowdsourced mapping and Natix’s unique DePIN model that rewards users for providing decentralized data input. Source: Natix “By combining…

Solana (SOL) Faces Continued Downside Risk—More Losses Likely

Solana started a fresh decline from the $155 zone. SOL price is now consolidating near $145 and might extend losses below the $142 support. SOL price started a fresh decline below the $150 and $148 levels against the US Dollar. The price is now trading below $150 and the 100-hourly simple moving average. There is a short-term rising channel or a continuation pattern forming with support at $144 on the hourly chart of the SOL/USD pair (data source from Kraken). The pair could start a fresh increase if it clears…

XRP, Solana Lead as Crypto Inflows Exceed $2B

Key Notes Digital asset inflows hit $2 billion last week, marking a third week of gains. The largest cryptocurrency, Bitcoin, led with $1.84 billion, pushing its YTD inflows to $5.58 billion. Alcoins like XRP and Solana saw renewed interest, recording $10.5 million and $6 million in inflows, respectively. Global investment in digital asset products managed by leading firms saw a strong recovery last week, with inflows surpassing $2 billion. This will mark the third consecutive week of positive momentum. Per current market data, Bitcoin, the largest cryptocurrency, remained the key…

Solana Blockchain Critical Security Issue Could Be Solved by Solaxy Presale, Now at the $33M Mark

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure After critical issues with the Solana blockchain let an unknown hacker exploit a zero-day vulnerability and mint and withdraw tokens from other users’ accounts, the Solaxy presale’s layer 2 solution makes more sense than ever. Solana devs identified the vulnerability on April 16, 2025, and explained it as a bug: According to the analysts, it took significant expertise to exploit the bug, which means the attackers possessed serious know-how and skills. Could Solana’s Problem Plague Other Blockchains?…

Solana Devs Patch Critical Bug — Will SOL Price Rebound

Key Notes Despite no reported exploits, the Solana Foundation faced community criticism for its private communication with validators during patching. After a 20% recovery in April, SOL price is consolidating near $150 and targeting a rally to $200 and beyond. Solana has achieved significant milestones, with meme coin trading boosting the blockchain’s revenue. Developers and validators at the Solana Foundation have fixed a critical bug that allowed attackers to potentially mint certain tokens on the blockchain and even withdraw them from user accounts. Despite consolidation under $150 over the past…