Solana (SOL) has been on a tear, with its price surging towards a new all-time high and fueling optimism among traders and investors to the point the altcoin’s upward momentum has seen open interest on it surge past the $5 billion mark. According to data from CoinGlass, open interest...
A cryptocurrency investor has managed to turn 20 Solana (SOL) worth around $3,500 into over $3.2 million in just two days by betting on a token linked to a decentralized artificial intelligence (AI) trading fund ai16z. The fund functions as an “AI investment DAO” (decentralized autonomous organizations), whose primary...
On June 28, Galaxy Digital, a crypto-focused financial services firm led by Mike Novogratz, published an analysis of VanEck’s recent filing for a spot Solana (SOL) exchange-traded fund (ETF) in the United States. According to Galaxy Digital’s blog post, VanEck filed an S-1 with the Securities and Exchange...
The price of Solana’s native SOL token has plunged to a 45-day low amid a broader cryptocurrency market downturn that has seen the space lose over $100 billion in value. SOL is nevertheless underperforming the wider market. According to popular cryptocurrency analyst TOBTC, Solana’s underperformance can be attributed to...
Cryptocurrency investment products saw record weekly inflows of $2.7 billion over the past week, with Bitcoin ($BTC) and Solana ($SOL) investment products seeing more inflows than others, while Ethereum ($ETH) products saw outflows of $2.1 million. According to CoinShares’ latest Digital Asset Fund Flows report, Bitcoin investment products...
In dissecting the recent price behavior of smart contract platform Solana ($SOL), a popular cryptocurrency strategist known or accurately calling the cryptocurrency market bottom in 2018, has suggested he would gain interest in the cryptocurrency again when it gets to the $low $70s.” In a post shared on...
In an update released two days ago, Coin Bureau looked at how the collapse of SBF’s FTX empire could impact the price of $SOL, the native token of the Solana blockchain. Here is how Coinbase described Solana in a blog post published on 29 June 2022: “Solana is a decentralized computing platform that uses...
Recently, a former Goldman Sachs executive explained why this could be a great time to buy $SOL, the native token of the Solana blockchain, despite all the doom and gloom surrounding the Solana ecosystem in the wake of the collapse of FTX. Here is how Coinbase described Solana in a blog post published...
Data from the Solana ($SOL) blockchain has revealed that a large whale is facing a potential liquidation of around $52 million worth of the cryptocurrency as its price tumbles over the collapse of the popular cryptocurrency trading platform FTX. According to popular crypto journalist Colin Wu, a Solana...
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