Tag: Solana

Solana community flocks to Bitcoin’s leading meme layer 2

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Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Solana traders are flocking to Bitcoin Pepe, the first meme Layer 2 on Bitcoin, drawn by its unique proposition. A significant shift in the crypto landscape is underway as members of Solanaโ€™s vibrant meme trading community turn their attention to Bitcoin Pepe, Bitcoinโ€™s first dedicated meme Layer 2. The project, which promises to combine Solanaโ€™s speed with Bitcoinโ€™s security, is drawing unprecedented interest from traders looking for the next…

Solana down 45% since Trump token launch as memecoins divert liquidity

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Solanaโ€™s price continues to struggle under pressure from the growing memecoin market despite showing resilience following its largest-ever token unlock. Solana (SOL) fell over 45% since the Official Trump (TRUMP) memecoin was launched, from over $261 on Jan. 18 to $143 on March 2, TradingView data shows. The growing investor appetite for memecoins may be limiting Solanaโ€™s price performance, according to Dan Hughes, founder of the decentralized finance platform Radix. SOL/USDT, 1-day chart. Source: Cointelegraph/TradingView Memecoins โ€œdonโ€™t tend to draw in much external capital flow; instead existing eco-system capital โ€œround-robinsโ€…

Best Presales to Buy After Binance Denies Rumors About Dumping Solana

A Binance spokesperson has clarified that rumors suggesting that the company was dumping some of its crypto holdings, including Ethereum and Solana, are simply untrue. These rumors started doing the rounds on social media almost immediately after the Bybit hack. Speculations suggested that large crypto firms, including Binance, caused the recent market sell-off by aggressively selling and reducing the size of their holdings. They are misunderstanding what Binance does as an exchange, which is we simply help users match trades โ€“ Binance Binanceโ€™s clarification could be one of the reasons…

Solana Jumps 9% As Whales Quietly Accumulate Millionsโ€”Details

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Whale behavior in the Solana market is causing yet another ruckus, but in a good way. The token’s value climbed 9%, reaching roughly $137. A large numbers of moneyed people, “whales” they are called, is gobbling up huge amounts of the Solana crypto. Technical signals suggest a strong momentum and growing open interest, keeping traders upbeat and glued on their celphone or PC screens. Whale Invests Millions Of Dollars In SOL One major investor purchased 50,000 SOL, worth nearly $7 million, data from Lookonchain shows. There were other whales that…

Solana meme coins rebound, but three key risks remain

Solana meme coins have started the month well, soaring by double digits as crypto investors bought the dip. The total market cap of all Solana (SOL) meme coins tracked by CoinGecko rose by more than 4.5% to over $9.04 billion.ย  Official Trump (TRUMP) rose by 18.1%, while Dogwifhat (WIF), Pudgy Penguins (PENGU), ai16z (AI16Z), Fartcoin (FARTCOIN), and Peanut the Squirrel (PNUT) jumped by over 15% in the last 24 hours. All of these tokens remain significantly below their all-time highs, while the market cap of all Solana meme coins is…

Solana rallies 16% after SOL RSI drops to 2023 low: Was that the bottom?

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Solana (SOL) price dropped to a 2025 low at $125 on Feb. 28. However, the altcoin entered a 16% relief rally after the Chicago Mercantile Exchange (CME) announced the launch of Solana futures on March 17. The futures product now awaits regulatory approval from the Commodity Futures Trading Commission (CFTC). ๐Ÿšจ NEW: CME Group to launch Solana futures on March 17, pending regulatory review by the CFTC. pic.twitter.com/sGJDXxgDQr โ€” Cointelegraph (@Cointelegraph) February 28, 2025 Solana bears fail to pin SOL under $130 Since Feb. 24, Solana has formed a series…

Is Solana In A Macro Trend Move? Charts Show Potential Shift

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Este artรญculo tambiรฉn estรก disponible en espaรฑol. Solana (SOL) is trading at its lowest price level since September 2024, as the entire crypto market struggles with fear and intense selling pressure. Solana has lost over 55% of its value in less than six weeks, erasing the gains from its post-election rally and raising concerns among investors about a potential prolonged downtrend. Related Reading Panic has taken over the market, and traders are growing fearful that Solanaโ€™s correction may continue into lower price levels. Despite multiple attempts to reclaim momentum, bulls…

Solana Loses Over $5B in TVL Since ATH

Solana gained nearly 6% on Friday, rallying alongside Bitcoin, as the largest cryptocurrency regains $80,000 as support. However, the total value of assets locked in the Solana chain is down $5.26 billion from its peak, a nearly 50% drop. TVL represents demand and relevance for a chain, meaning Solana is negatively affected by the shifting market dynamics.ย  Solana-based meme coins considered the catalyst driving gains in SOL (SOL) this market cycle, are struggling to recover as traders turn fearful.ย  State of Solanaย  The total value of assets locked is a…

Chicago Mercantile Exchange Group to launch Solana futures on March 17

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The Chicago Mercantile Exchange (CME) Group, a globally recognized derivatives exchange, announced it will launch Solana (SOL) futures contracts on March 17, pending a review by United States financial regulators. According to the Feb. 28 announcement, market participants will have access to micro contracts of 25 SOL or standard contract sizes of 500 SOL, and all contracts will be cash-settled. CME Group already provides futures and options contracts for Bitcoin (BTC) and Ether (ETH) to investors looking to hedge against the highly volatile nature of these digital assets. The addition…