Solana whales are actively moving SOL away from exchanges, with large quantities of SOL being moved in rapid fashion from Binance. It will likely greatly affect the momentum of the asset on the market, with 47,154 SOL, or around $8 million, being moved from Binance.
Solana faces market pressure due to an upcoming $1.6 billion token unlock in March, declining network activity, and decreased DEX trading volumes, while maintaining critical support levels near $150-$155.
In the times when the crypto markets are juggling between a narrow range, the Solana price is diving deep, squashing the local support levels. The price plunged below the psychological barrier at $170, validating a continued descending trend. When the lower targets at $150 have been activated, the optimism around the token remains higher.
Solana's SOL token jumped 30.5% in annualized inflation following the implementation of SIMD 96 on February 12th. The implementation of SIMD 96 decreased the amount of SOL burned daily from 18,000 SOL to 1,000 SOL, impacting the real economic value (REV) distributed to token holders.
Multiple asset management firms have filed applications for spot crypto ETFs, focusing on Solana and other altcoins, with the SEC set to make decisions by October 2025 amid mixed market sentiment and varying institutional interest.
The on-chain analytics firm Glassnode has revealed how Solana has recently shown more resilience than Bitcoin and Ethereum in this indicator.
Solana's long-term investors have been increasingly cautious these days, but what does the price say?
Ethereum is seeing renewed investor confidence as traders anticipate the upcoming Pectra upgrade, scheduled for April 8. Derivatives data suggests a bullish outlook, with Ethereums seven-day implied volatility aligning with its six-month average at 66%, according to Derive.xyz founder Nick Forster.
Solana's defenders highlight its tech and innovation, arguing meme coin chaos doesn't define the chain's potential or progress
Pump.fun, the Solana-based meme coin launchpad, deposited 65,122 SOL ($11M) adding to its substantial exchange activity. According to a Feb. 20 X post by on-chain analytics firm Lookonchain, the platform has now transferred 2.
Secondary markets for locked tokens refer to platforms or mechanisms where tokens that are under some form of lock-up or vesting schedule.
A cryptocurrency whale moved 123,500 Solana (SOL), worth approximately $20.80 million, off Binance. This large transaction, tracked by blockchain analysis platform Lookonchain, raises questions about the future trajectory of Solana's price.
The Solana price is on the verge of a possible meltdown reminiscent of Terra‘s (LUNA) infamous collapse in 2022. A crypto analyst who identified this bearish trend in the Solana price action has projected a drastic crash to new lows at $22.
Solana (SOL) has encountered significant challenges in recent weeks, with its price plummeting to a three-month low of around $160. This downturn has left traders disheartened, particularly those who saw the token reaching nearly $293 in January.
Following Argentine President Milei's meme coin promotion, the epicenter of Solana's so-called casino, Pump.fun, is showing signs of cooling.
Two years ago, the Solana-based derivatives decentralized exchange, 01 went on an indefinite hiatus until today when it announced that it will relaunch as N1. According to a post from its co-founder Dima Romanov, the exchange will have the support of Arthur Hayes and some other VCs.
The filings for spot Solana (SOL) exchange-traded funds (ETFs) from VanEck, 21shares, Bitwise, and Canary Capital were officially added to the Federal Register on Feb. 18. The US Securities and Exchange Commission (SEC) now has 240 days to approve or deny the filings.
Coinbase has expanded its crypto futures market with the launch of CFTC-regulated Solana and Hedera futures contracts. The move reinforces its commitment to regulated derivatives trading and aligns with its broader institutional expansion, offering traders diverse futures contracts across major digital assets, including BTC, ETH, and DOGE. The post Coinbase Expands US Crypto Futures Market with CFTC-Regulated Solana Contracts appeared first on Cryptonews.
Solana's (SOL) annualized inflation grew by 30.5% after a new priority fee distribution was implemented on Feb. 12. The amount of SOL burned daily decreased from nearly 18,000 SOL to 1,000 SOL.
Bitcoin remains stuck inside the range, with no clear indication of a price breakout or breakdown.
The price of Jupiter Token (JUP) has recovered by 4% today after falling as low as $0.6743 in the past 24 hours, with the exchange token suffering a 12% seven-day drop amid fallout from the LIBRA controversy. The post Jupiter Token Plunges 12% as LIBRA Controversy Rocks the Solana Ecosystem appeared first on Cryptonews.
The cryptocurrency market is no stranger to volatility, but Solana (SOL) is currently facing one of its most severe crashes in recent months. The popular blockchain platform has seen its market capitalization drop by a staggering $40 billion, reaching a three-month low.
Solana has experienced intense selling pressure, now trading at its lowest levels since November 2024 and erasing all the gains from the post-election rally. Once a leader in the altcoin market, Solana is now facing serious risks as the meme coin euphoria that fueled its rise has turned into a bloodbath, raising concerns about its long-term sustainability.
Solana's price has faced significant challenges in recent months. After reaching its all-time high (ATH) of $295 in mid-January, the altcoin has seen a steady downtrend, now trading around $173.
Regulated futures markets are an important step toward an eventual Solana ETF.
Dave Portnoy, the founder of Barstool Sports, has launched his own meme coin and swiftly dumped it, before making a sequel.
Solana (SOL) is up 1% today. That may not seem like much, but this jump could be the first sign of a trend reversal for the native asset of the second most valuable smart contracts platform in the world.
In the last few days, Solana's price dropped dramatically, initially putting its investors in a panic mode. With the whale's recent move, however, traders are now more confident in Solana's future.
As the overall cryptocurrency market hints at signs of price recovery, a crypto whale identified Solana (SOL) as an ideal asset and placed a significant bet.
Solana (CRYPTO: SOL) is down 32% in a month, falling to a three-month low of $161, with trader sentiment at its lowest driven by recent market trends and the LIBRA rug pull. Cryptocurrency Price Market Cap 24-Hour Trend 7-Day Trend Solana (CRYPTO: SOL) $171.09 $83.6 billion +0.8% -10.7% Bitcoin (CRYPTO: BTC) $96,324.85 $1.9 trillion +0.1% +1.6% Ethereum (CRYPTO: ETH) $2,714.79 $327.3 billion +0.5% +4.4% Trader Notes: Crypto trader Jelle pointed out that Solana has closed above its prior lows, but the weekly close should be monitored.
Public figures are increasingly driving meme coin speculation, with Donald Trump, Javier Milei, and Elon Musk fueling market frenzies in recent months, to name a few.
The launch of the LIBRA token has sparked controversy in the Solana ecosystem, seeing Meteora co-founder Ben Chow resign and Jupiter launch an investigation.
Solana (SOL), the sixth-largest cryptocurrency by market capitalization, has continued its price recovery push. In the last 30 days, despite plummeting by 45%, SOL has maintained support at the $160 level.
The price of Solana has recovered by 1.5% today, with its rise to $171 coming as Coinbase begins offering CFTC-regulated SOL futures to traders.
With Bitcoin bleeding value due to a streak of not-so-good political issues, including the recent US tariff threats, AVAX price has also dipped in value. However, the Avalanche price decline has been marginal, since the token has lost only 1% of its total value.
Santiment says the market often goes in the opposite direction of the crowd's expectations, so SOL may rally soon even as bearish sentiment abounds.
Solana's recent price behavior has sparked anxiety in the the digital currency market. The once-soaring blockchain has fallen significantly as a result of a widespread slump.
Solana price continues to extend its decline below $200 amid a surge in rug pulls on meme coins created on the blockchain. These rug pulls have drawn the attention of Solana Labs co-founder Anatoly Yakovenko, who has termed the current situation a “hellscape.
Coinbase adds Solana and Hedera futures, as SEC reviews Solana ETF applications, potentially shaping future crypto market trends.
After the scandal of the $LIBRA launch, and ongoing big unlocks for $SOL, the price plummeted - even briefly going below the bull market trendline. Is this a perfect time to buy, or could the $SOL price fail to recover?
Barstool Sports founder Dave Portnoy is at the center of controversy after profiting nearly $258,000 from a Solana-based meme coin named Greed (GREED). The post Dave Portnoy Profits $258K from Solana Meme Coin GREED Before Token Collapses: Lookonchain appeared first on Cryptonews.
This will allow traders to jump into the action starting today (Feb 19th) at 10 AM ET. This exciting development marks a significant milestone for $DOG, which has captured the hearts of memecoin lovers across the globe.
Solana needs strong conviction in a recovery to regain its lost market standing.
If you're in the market for a high-powered investment and you don't care much about taking a big risk, it's natural to turn to unorthodox investments. Many investors flirt with the idea of buying a meme coin like Dogecoin, (DOGE 0.76%) or perhaps a newer issue like the Official Trump coin, which is on the Solana (SOL 2.55%) blockchain with the ticker $TRUMP.
A Solana whale caused a market stir on Wednesday by heavily accumulating coins for staking purposes despite the ongoing meme coin panic on the network. On-chain data flagged that the whale withdrew 87K SOL, worth $14.8 million, for staking whilst the crypto's price traded around the $169 level.
Coinbase has launched CFTC-regulated futures contracts for Solana and Hedera while the SEC reviews spot crypto ETF applications under new leadership that may change traditional approval requirements.
Bitcoin (BTC) briefly dipped below $95,000, falling to a low of $93,487 before recovering and moving to its current level of $95,100. The flagship cryptocurrency has been down almost 1% over the past 24 hours, with sentiment further dampened after the odds of a US strategic reserve drop on Polymarket.
It all began on February 14th when Argentina's president, Javier Milei, tweeted about an official token. This triggered a buying frenzy that sent the LIBRA token's market cap soaring to $4 billion.