Tag: Solana

Slothana token set for DEX listing next week – next Solana meme coin to explode?

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Meme coins continue to be the talk of the town on Solana as Slothana (SLOTH) gears up to launch next week. After a presale that’s raised over $15 million from retail traders, this irreverent project is hoping to make a splash and follow in the footsteps of previous viral meme coins. SLOTH presale enters final days with DEX listing imminent. The stage is set for another meme coin to…

Solana Market Cap Skyrockets $11 Billion As Price Jumps 17%

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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 stellar day, surging 17% and adding over $11 billion to…

FTX looking to sell off Solana holdings via blind auction

Two sources familiar with the matter say that the defunct cryptocurrency exchange FTX is looking to auction off the remainder of its Solana (SOL) token holdings. Speaking to Bloomberg, the sources revealed that a “blind auction” is set to be held this week with an April 24 deadline. The result is slated to be announced the following day. The development follows a report from FTX stating that it sold approximately $307.6 million worth of SOL and ZBC tokens in March. On April 5, the firm sold $1.9 billion worth of…

Solana Memecoins WIF, Bonk Surge By Double Digits: Here’s Why

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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 the Solana network’s performance. A tweet from SolanaFloor earlier today…

Bitcoin and Solana prices dip as investors explore Raboo ICO

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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. As Bitcoin and Solana prices dip, investors turn their focus to Raboo’s unique ICO amid its promising ecosystem features. ICOs and crypto presales of new businesses are always of interest to profit-seeking investors. Such investors include holders of Solana and Bitcoin.  With its presale, Raboo has gained the attention of these investors as Bitcoin and Solana are experiencing broader market downturns. Here’s why its presale and ecosystem features could…

FTX Estate Plans Auction for Locked Solana Tokens

Bankrupt cryptocurrency exchange FTX is preparing to offload more of its locked Solana (SOL) tokens through an auction, diverging from its previous method of selling at a set price, as announced by Mike Cagney of Figure Markets. This decision follows FTX’s recent sales of SOL tokens, amounting to approximately $1.9 billion and $2.6 billion in […] Source BitcoincryptoexchangeExchanges CryptoX Portal

Melania Trump Unveils Personalized Mother’s Day Jewelry Plus Solana NFT

Former First Lady Melania Trump has announced a customizable $245 necklace, “Her Love & Gratitude,” to celebrate Mother’s Day on May 12, 2024; the necklace comes with a flower pendant, an adjustable chain, and options for personalization with names, initials, or dates. Buyers of the necklace will also receive a limited-edition digital collectible minted on […] Source CryptoX Portal

Dogecoin and Solana falter while Rebel Satoshi arcade surges

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Amid a bearish trend for Dogecoin and Solana, Rebel Satoshi Arcade’s new altcoin, combining GameFi and NFTs, has sold most of its presale tokens. The new week had a rocky start, considering the tension in the Middle East over the weekend. Unsurprisingly, the crypto market plummeted. Top altcoins like Dogecoin (DOGE) and Solana (SOL) are in red. Although a comeback is expected, it is a bull market, after all.…

Solana congestion prompts Ore project to pause mining

To alleviate congestion on the Solana network, the pseudonymous creator of the Ore project, Hardhat Chad, announced an immediate halt to all mining. Ore, a blockchain-based project launched on Solana, is exploring the right distribution method by using a proof-of-work (PoW) token distribution mechanism. The project is experimenting with combining PoW’s security with Solana’s fast transaction capabilities. Since its introduction, Ore’s activity has contributed significantly to network congestion, impacting transaction scheduling and leading to a high rate of failed transactions, especially from the meme coin frenzy on the network. “By…