Tag: Solana

Solana (SOL) Faces Many Challenges—Can Bulls Hold the Line?

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Solana started a recovery wave above the $120 resistance zone. SOL price is now consolidating and might struggle to recover above the $132 resistance. SOL price started a fresh decline below the $150 and $140 levels against the US Dollar. The price is now trading below $130 and the 100-hourly simple moving average. There is a short-term 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 $132 zone.…

SEC delays decision on XRP, Solana, Litecoin, Dogecoin ETFs

The US Securities and Exchange Commission has delayed its decision to approve several XRP, Solana, Litecoin and Dogecoin exchange-traded funds. In a slew of filings on March 11, the agency said it has “designated a longer period”  to decide on the proposed rule changes that would allow the ETFs to proceed. Among the affected ETFs are Grayscale’s XRP (XRP) and Cboe BZX Exchange’s spot Solana (SOL) ETF filings, with the decisions on them pushed until May. The SEC has delayed making a decision to approve several altcoin ETFs. Source: SEC…

Solana revenue slumps 93% from January high after memecoin bubble bursts

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Solana network revenue and total value locked onchain have collapsed in the past two months as interest in memecoins has continued to taper off.  Weekly network revenue on the Solana blockchain hit a record high of $55.3 million in mid-January amid the height of the memecoin minting frenzy.  However, revenue has since tanked 93% to around $4 million in the past week, back to levels not seen since September, according to DefiLlama data.  Solana weekly decentralized application (DApp) revenue has also slumped around 86% from $238 million in mid-January to…

Solana down 29% in 2025 despite liquidity surge, US crypto stockpile inclusion

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Solana has fallen nearly 29% since the start of 2025, despite the injection of $10 billion in new liquidity and its inclusion in the US Digital Asset Stockpile, according to TradingView data. The decrease comes despite Solana (SOL) being one of the three altcoins included in US President Donald Trump’s Digital Asset Stockpile, along with Cardano’s (ADA) and XRP (XRP). SOL/USD, year-to-date chart. Source: Cointelegraph/TradingView Moreover, Solana has been unable to break this downtrend despite seeing over $9.5 billion worth of newly minted USDC (USDC) stablecoins since Jan. 1, 2025,…

Solana Consolidates In A Wide Range – Big Move On The Horizon?

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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 has faced intense selling pressure and price swings, with the asset losing over 57% of its value since January 13. Bulls have struggled to regain momentum, and market sentiment…

4 reasons why Solana (SOL) price could rally back to $180

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Solana native token, SOL (SOL), is up by 17% after falling to a low of $125 on Feb. 28. However, it encountered strong resistance near the $180 mark. More significantly, the current price of $145 represents a 50% decline from its all-time high of $295 on Jan. 19, raising concerns among traders about SOL’s ability to regain bullish momentum. While analysts attribute the sharp decline in SOL’s value to the memecoin market crash, onchain activity has declined across various sectors, including liquid staking, tokenized assets, yield aggregators, synthetic perpetuals, NFT…

Trump-linked WLFI triples Ether holdings, Solana sees $485M outflows: Finance Redefined

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The blockchain platform linked to United States President Donald Trump took the crypto market downturn as an investment opportunity, tripling its Ether holdings in a week ahead of the White House’s first Crypto Summit on March 7. Meanwhile, Solana was hit by nearly half a billion dollars worth of outflows in February as cryptocurrency investors sought safer investments following a wave of memecoin scams and rug pulls. Trump’s WLFI tripled Ether holdings in a week amid market downturn The decentralized finance (DeFi) platform linked to US President Donald Trump significantly…

Solana (SOL) Struggles to Rebound—Key Hurdles Blocking Recovery

Solana started a fresh decline below the $165 zone. SOL price is now consolidating losses and might struggle to recover above the $145 resistance. SOL price started a fresh decline below the $165 and $150 levels against the US Dollar. The price is now trading below $150 and the 100-hourly simple moving average. There was a break below a short-term rising channel 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 the bulls clear the…

Solana sees $485M outflows in February as crypto capital flees to ‘safety’

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Solana saw nearly half a billion dollars in outflows last month as investors shifted to what were perceived to be safer digital assets, reflecting growing uncertainty in the cryptocurrency market. Solana (SOL) was hit by over $485 million worth of outflows over the past 30 days, with investor capital mainly flowing to Ethereum, Arbitrum and the BNB Chain. The capital exodus came amid a wider flight to “safety” among crypto market participants, according to a Binance Research report shared with Cointelegraph. Solana outflows. Source: deBridge, Binance Research “Overall, there is…

Solana upgrades will strengthen network but squeeze validators — VanEck

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Solana’s planned protocol upgrades are important for the network’s long-term health but could deal a blow to validators’ earnings, according to asset manager VanEck.  In March, Solana’s validators will vote on two proposed upgrades — known as Solana Improvement Documents (SIMDs) — to the blockchain protocol designed to ensure rewards for stakers and adjust the inflation rate for the network’s native SOL (SOL) token.  Both proposals have generated “significant controversy” because they stand to slash validator revenues by as much as 95%, potentially imperiling smaller operators, VanEck digital asset research…