Tag: Solana

PayPal, Venmo to roll out Solana, Chainlink transfers

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Global payments platform PayPal has expanded its cryptocurrency offerings to include Chainlink (LINK) and Solana (SOL), giving US-based users the ability to buy, sell and transfer the popular tokens.  Support for LINK and SOL will be rolled out over the next few weeks and will also be extended to users of Venmo, a US mobile payment platform owned by PayPal, the company disclosed on April 4.  Source: Cointelegraph Roughly 83 million people used Venmo at least once in 2023, according to the latest available information from PayPal.  PayPal’s global reach…

Grayscale files S-1 to list Solana ETF on NYSE

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Digital asset manager Grayscale registered with the United States Securities and Exchange Commission (SEC) to list the Grayscale Solana (SOL) Trust exchange-traded fund (ETF) on the New York Stock Exchange (NYSE). The ETF will trade under the ticker symbol “GSOL” and will hold spot SOL as the underlying asset, according to the April 4 S-1 filing. Grayscale announced plans to convert its existing Grayscale Solana Trust into an ETF in its 19b-4 application filed with the SEC in December 2024. The filing is among several crypto ETF applications in the…

Solana whales begin offloading SOL amid $200M staking unlock

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Solana whales have offloaded their tokens to cash in on gains from a staking play that began four years ago.  In April 2021, four whale addresses staked 1.79 million Solana (SOL) tokens, then worth about $37.7 million. The stake was unlocked on April 4, in what Arkham Intelligence called “the largest single-day unlock of staked SOL.” The firm noted that the next similar unlock is not expected until 2028. At the time of the unlock, the tokens were valued at roughly $206 million, representing a 446% gain from the initial…

Solana Slammed By Whale Dump—More Pain Ahead?

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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. Este artículo también está disponible en español. Solana’s price has fallen to $116, marking a 12% decrease over the past week amid growing concerns about large investors selling their holdings. According to reports, several major cryptocurrency…

PayPal Activates Support for Solana and Chainlink, Will SOL and LINK Price Recover?

Key Notes This move reinforces PayPal’s growing confidence in the crypto sector, following its earlier support for Bitcoin, Ethereum, and its own stablecoin, PayPalUSD. Despite PayPal’s integration, both SOL and LINK prices remained largely under pressure due to Trump’s reciprocal tariffs. Crypto analyst Ali Martinez warns that Solana’s trendline is weakening, increasing the risk of a breakdown. International payments giant PayPal has announced support for altcoins like Solana SOL$113.724h volatility:10.3%Market cap:$58.51 BVol. 24h:$8.31 Band Chainlink LINK$12.4424h volatility:8.4%Market cap:$7.95 BVol. 24h:$863.54 M, allowing US users to buy, sell, and hold these digital…

Whale Deposits $37M SOL to Binance, Solana Loses Crucial Support

Key Notes Solana’s market cap has fallen to $59.48 billion following the 7.5% price drop. A whale’s massive 312,000 SOL deposit to Binance led to selling pressure. The cryptocurrency has lost its critical $124 support level, which it tested six times in the past year. Solana SOL $114.7 24h volatility: 8.9% Market cap: $58.78 B Vol. 24h: $7.94 B has plunged 7.5% in the past 24 hours to trade at around $116 at the time of writing. The cryptocurrency has lost its key $124 support level, a price it has…

Blockchain Association CEO will move to Solana advocacy group

Kristin Smith, CEO of the US-based Blockchain Association, will be leaving the cryptocurrency advocacy group for the recently launched Solana Policy Institute. In an April 1 notice, the Blockchain Association (BA) said Smith would be stepping down from her role as CEO on May 16. According to the association, the soon-to-be former CEO will become president of the Solana Policy Institute on May 19. The association’s notice did not provide an apparent reason for the move to the Solana advocacy organization nor say who would lead the group after Smith’s…

Solana News Today: SOL Dumping? Pump.fun Quietly Sells 65K Tokens

Key Notes fun has allegedly sold a massive 65,284 SOL tokens, claims Lookonchain. SOL token faces resistance at the 20-day EMA which stands at $132.51. Solana ranked second among blockchains with the highest fees generated this week. Blockchain analysis firm Lookonchain has raised suspicions regarding large-scale SOL SOL $128.4 24h volatility: 1.5% Market cap: $65.92 B Vol. 24h: $3.76 B transactions. According to the platform, pump.fun, a meme coin generator on Solana, may have quietly sold 65,284 SOL ($8.22 million). Looks like #PumpFun may have quietly sold 65,284 $SOL($8.22M). Today,…

Ethereum Outpaces Solana to Reclaim No. 1 Spot as Leading DEX Chain for First Since September

Last month, Ethereum reclaimed its title as the leading smart contract blockchain for decentralized exchange (DEX) trading, as the market swoon dampened activity on Solana, the go-to platform for memecoin traders. Ethereum-based DEXes registered an industry-leading cumulative trading volume of $64.616 billion in March, beating Solana’s tally of $52.62 billion by 22%, according to data source DefiLama. That’s the first time since September that Ethereum topped the charts, pushing Solana to the number two spot. Top blockchains by DEX trading volumes. (DefiLlama) The change in leadership happened as the total…

Solana (SOL) Holds Steady After Decline—Breakout or More Downside?

Solana started a fresh decline below the $132 support zone. SOL price is now consolidating and might struggle to recover above the $126 resistance. SOL price started a recovery wave from the $122 support zone against the US Dollar. The price is now trading below $130 and the 100-hourly simple moving average. There is a key rising channel forming with support at $124 on the hourly chart of the SOL/USD pair (data source from Kraken). The pair could start a fresh increase if the bulls clear the $126 zone. Solana…