Franklin Templeton expresses confidence in Solana's potential to become the third-largest cryptocurrency, citing resilience, developer efforts, and network effects. Expectations for continued growth and leadership in upcoming crypto trends underscored.
EdmundSlothana, a new meme coin on Solana, has raised over $10 million in its presale and aims for a $420 million market cap, reminiscent of BONK's success. With a humorous sloth mascot and strong social media presence, Slothana seeks to ride the wave of meme coin mania, potentially replicating BONK's explosive rise in the crypto market.
JoyIn light of the ongoing congestion on the Solana network, more than 75% of on-chain transactions have been experiencing failures, prompting users to migrate to Ethereum for smoother transfers.
KikyoSolana experienced a significant 319% surge in Q1 2024, driven by increased memecoin trading on decentralized platforms. Despite this, challenges like a decline in DEX volume and active validators pose risks. However, announcements of token airdrops and potential yield opportunities offer optimism for Solana's growth in Q2.
SanyaFTX's recent sell-off of a significant portion of its Solana tokens at a discounted rate marks a step towards repaying its customers amidst bankruptcy. Despite initial concerns, the market reaction remained stable, with SOL maintaining its value. However, uncertainties persist regarding the impact on Solana's future and the method of customer reimbursement.
Cheng YuanDespite the programme being shuttered five months ago, a significant $24 million remains staked in Lido for Solana.
KikyoThe individual in question used illicitly obtained funds to acquire DeGods #2921 and y00t #10991.
KikyoWhile Solana whales' actions may raise speculation, the market continues to display stability amidst these movements.
SanyaSolana Meme Coin Smog has attracted significant attention with 110,000 holders ahead of its $1M airdrop and CEX listing. The project emphasizes community engagement through quests on Zealy. Despite potential rewards, investors should approach $SMOG with caution due to the inherent risks associated with meme coins and broader market dynamics.
BerniceFTX plans to auction SOL tokens during its debt reorganization, leveraging Figure Markets' SPV for an inclusive approach. Investor interest in SOL surges, indicating confidence. This move navigates market complexities, managing FTX's assets strategically amidst challenges.
EdmundSotheby’s digital art division revealed plans to auction pieces from the BitcoinShrooms collection, a project crafted by artist Shroomtoshi. The collection, minted on-chain in October, is hailed as the "first-ever Ordinals collection," according to both the BitcoinShroom website and its associated account.
JoyBlockFi is poised to sell its mining machines while Bitcoin’s price remains at local highs.
cryptopotatoMusk has previously talked of freeing up usernames from inactive accounts
OthersCrypto lender Celsius Network is undergoing the auction of its assets as part of the bankruptcy proceedings.
BitcoinistThe sale hearing will be held on Nov. 1., and many are expected to attend.
BeincryptoCrypto lender Voyager Digital Ltd., which is at present bankrupt, has begun its auction in New York.
Bitcoinist
Proceeds from the auction of the U.S. Constitution will benefit the Dorothy Tapper Goldman Foundation.
CointelegraphNonfungible tokens have emerged as one of the most popular use cases of blockchain technology, generating billions of dollars in revenue through 2021.
Cointelegraph