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news-imageDecember 27, 2024

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.
Publisher: NewsBTC
Sentiment: Positive
BONK
SOL

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Positive
cover-imageCryptonews
December 27, 2024

Solana Defies Bearish December, DEX Trading Volume Surpasses $100B

Solana DEX trading volumes exceeded $100B in December 2024, outpacing Ethereum and Binance Smart Chain. With Raydium leading single-chain DEXs and Solana's TVL soaring by 57%, the blockchain's efficiency and scalability continue to attract DeFi users. SOL price, however, saw a 20% decline. The post Solana Defies Bearish December, DEX Trading Volume Surpasses $100B appeared first on Cryptonews.

Negative
cover-imageNewsBTC
December 27, 2024

Solana Dips Below $194 – A Continued Consolidation In Sight?

Solana price action is at a critical juncture, with the cryptocurrency testing market's patience, it hovers just below the pivotal $194 resistance level. This threshold has emerged as a significant hurdle as bulls struggle to sustain enough momentum to power a breakout despite recent attempts to push higher.

Neutral
cover-imageCoinPedia
December 27, 2024

BONK's $52M Token Burn : Is a 30% Rally on the Horizon?

BONK, one of Solana's popular meme tokens, is trading at $0.000031, close to its one-month low. This marks a significant drop from its November 22 peak of $0.000053. Open interest in BONK has also fallen to $8.32 million, the lowest in three months, as traders shift their focus to other assets.

Positive
cover-imageThe Currency Analytics
December 27, 2024

Solana Mimics Bitcoin's 2024 Rally – Potential New ATH in Q1 2025

Solana (SOL) has recently exhibited price action that mirrors Bitcoin's early 2024 behavior, raising expectations of a potential rally in the coming months. Bitcoin's price surged from $47,080 to $74,000 in early 2024, largely driven by significant buy-ins at key support levels around $45,000.

Positive
cover-imageCoingape
December 26, 2024

Just In: Bonk DAO Burns $52 Million Worth Of BONK

The Bonk Decentralized Autonomous Organization (DAO) has carried out the much-anticipated token burn, burning over a trillion BONK tokens. This provides a bullish outlook for the top Solana meme coin, although its price has yet to react to this development.

Negative
cover-imageCoingape
December 26, 2024

How Low Could Solana Price Drop By The End Of December?

The Solana price has witnessed a significant correction since it reached its current all-time high (ATH) of $263 in November. This price correction is expected to continue in the short term as a crypto analyst has provided a target that Solana could drop before the year ends.

Positive
cover-imageBitcoin
December 26, 2024

Capital Inflows Drive Solana's Comeback Rally, Glassnode Report Reveals

Over the past two years, solana (SOL) has experienced extraordinary growth, with a reported price appreciation of 2,143%, according to a comprehensive study by Glassnode researchers Ukuria OC and Cryptovizart. From Rock Bottom to Billion-Dollar Liquidity The Glassnode report examines the asset's recovery, its competitive performance against major cryptocurrencies, and the factors driving its momentum.

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