New Solana Memecoin Leader? PENGU Flips BONK Amid Whale Accumulation
The newly launched PENGU token has stolen the spotlight after becoming the largest Solana-based memecoin by market capitalization. The token’s rally has gathered massive interest from large-scale investors, who have heavily invested in the token over the last few days. New Solana Token Steals The Spotlight On December 17, the Pudgy Penguins Non-Fungible Token (NFT)…
Solana Sees Consistent Capital Inflows Since 2023 – Liquidity Influx Signals Growth
Solana has staged an impressive recovery, surging over 14% from its recent local lows, showcasing resilience after a period of correction. This renewed momentum has reignited investor optimism, positioning Solana as a standout in the crypto market. Key metrics from Glassnode further bolster this sentiment, revealing that Solana has consistently maintained a positive net capital…
Solana (SOL) Gearing Up: Is a New Surge on the Horizon?
Solana remained stable above the $175 level. SOL price is now recovering losses and facing hurdles near the $200 and $205 levels. SOL price started a fresh increase after it tested the $175 zone against the US Dollar. The price is now trading above $190 and the 100-hourly simple moving average. There was a break…
DeFi Exploits Plunge 40% In 2024, But Centralized Exchange Losses Soar – Report
According to a report published today by blockchain security firm Hacken, decentralized finance (DeFi) protocols witnessed a steep decline in exploits in 2024, while centralized finance (CeFi) platforms more than doubled their losses due to security breaches. DeFi Platforms Show Better Security Mechanisms In its annual “Web3 Security Report,” Hacken outlined the general trends in…
Solana MVRV Signals More Gains Ahead Amid Market Downturn: Analysts
Amid a crypto market mayhem over the past week, Solana (SOL) has suffered significant losses to the tune of 17.13%,. according to data from CoinMarketCap. This decline adds to the token’s steep price movement after it reached a new all-time high of $263.83 following the US Presidential elections in November. However, with the crypto bull…
Solana Monthly Chart ‘Looks Ready For A Monster Run’ – Details
Solana (SOL) has been holding steady above a crucial demand level near $210, a key area that could ignite a massive bull run. After reaching an all-time high (ATH) on November 22, Solana has experienced a 23% retracement, testing investor confidence. However, analysts remain optimistic, with many expecting a significant upward move in the coming…
Solana Poised For Growth In 2025 With Record $173 Million Q3 Funding—Report
According to Messari’s most recent analysis, Solana (SOL) is primed for explosive expansion in 2025, fueled by major funding, technological improvements, and growing institutional interest. The study indicates that in the third quarter of 2024 Solana’s ecosystem funding reached $173 million, the highest level since mid-2022. This money flow shows a strong conviction in Solana’s…
Solana Struggles Against Bitcoin & Ethereum: Glassnode Explains Why
The on-chain analytics firm Glassnode has revealed the reason why Solana (SOL) has recently been lagging behind Bitcoin (BTC) and Ethereum (ETH). Solana Realized Cap Growth Has Slowed Down Recently In a new post on X, Glassnode has discussed about how the recent performance of Solana has stacked up against the two largest coins in…
Solana (SOL) Faces Headwinds: Can Bulls Revive Momentum?
Solana remained stable above the $215 level. SOL price is now recovering losses and facing hurdles near the $228 and $332 levels. SOL price started a fresh increase after it tested the $215 zone against the US Dollar. The price is now trading below $225 and the 100-hourly simple moving average. There was a break…
Solana Investors Stay Firm As Selling Pressure Eases – Details
Solana (SOL) has been in the news over the last few weeks, albeit for different reasons. The popular altcoin was one of the many benefactors of a Donald Trump presidential victory, rising by 67.69% in three weeks after November 5 to reach a new-all time of $263. However, this price surge has been followed by…