The total cryptocurrency market cap has lost more than $1 trillion in the past three months, causing intensified panic selling.

SIMD-228, a proposal seeking to reduce SOL inflation rate by 80%, failed to meet the required vote threshold for approval after many small validators voted against it. According to SIMD Vote Status, 61.

SIMD-228 sought to reduce SOL token inflation by introducing a dynamic emissions model based on staking participation.

Will SOL defend the 2024 support of $120 as market uncertainty persists?

A proposal to dramatically change Solana's inflation system has been rejected by stakeholders but is being hailed as a victory for the network's governance process.“Even though our proposal was technically defeated by the vote, this was a major victory for the Solana ecosystem and its governance process,” commented Multicoin Capital co-founder Tushar Jain on March 14.

Solana's price has recently dropped below the $125 support level, causing concern among investors and market watchers. The drop comes amid large transactions involving wallets linked to FTX and Alameda Research.

Solana's high inflation status quo will remain –– for now.

A death cross, a serious bearish signal that could threaten Dogecoin's price momentum, has officially formed. A prolonged period of downward pressure is frequently indicated by this technical pattern, which arises when the 50-day moving average crosses below the 200-day moving average.

The upcoming launch of Solana (SOL) futures on the Chicago Mercantile Exchange (CME), a US derivatives exchange, signals that the first US SOL exchange-traded fund (ETF) listings are coming soon, Chris Chung, founder of Solana-based swap platform Titan, told Cointelegraph. On March 17, CME is preparing to launch SOL futures contracts.

The Solana price is seemingly on the verge of another major crash, as an analyst forecasts a correction to $90. Given the cryptocurrency's recent slow momentum due to the ongoing market letdown, an additional 26% decline to new lows could significantly impact the future outlook of Solana.

Solana has edged up 0.3% in the past 24 hours, trading at $125.94, as the market works to recover from recent losses.On Wednesday, the Chicago Board Options BZX Exchange submitted an application on behalf of Franklin Templeton to list a Solana-linked exchange-traded fund (ETF).

Top meme coins are bouncing as the broader market chops. Dogecoin is roughly flat, but Popcat and others are rising on Robinhood listings.

Solana (SOL) price completed a “death cross” on the one-day chart on March 12, as the altcoin consolidated near its long-term support level at $125. This could potentially accelerate the SOL price sell-off in the near term for a drop below $100 for the first time since February 2024.

As the market continues to be in a downtrend, a newly created crypto wallet has made a big bet on Solana (SOL), setting an ideal example of the “buy the dip” strategy.

The cryptocurrency space is whizzing with opportunities, and Ripple (XRP) and Solana (SOL) have been frontrunners in capturing investor interest. Both tokens have carved out their places as reliable assets with strong use cases. But while these projects shine in their own right, a new player is positioning itself as the ultimate game-changer.

Solana (SOL) has gone down by 1.5% in the past 24 hours and currently stands at $126.7 per coin as sellers appear to have taken a breather after last week's fire sale.

A widely followed analyst is leaning bullish on Solana (SOL) over the long term amid an upcoming upgrade. In a new video, the analyst pseudonymously known as InvestAnswers tells his 563,000 YouTube subscribers that a proposal to reduce Solana's inflation rate by around 80% at the end of Epoch 755 heightens Solana's bullish prospects.

The crypto market is eagerly awaiting next week's FOMC meeting after CPI data revealed that inflation had fallen to 2.8%. Traders are now watching for signals and remarks by Fed committee members on interest rates, which could spike the crypto market volatility.

The latest report from CryptoDiffer highlights the most used dApps in the last 30 days, with Solana remaining the most chosen network.

The crypto market remained flat for most of the day after a brief rally following better-than-expected inflation data quickly lost steam. Bitcoin (BTC) briefly rose above the $84,000 mark after the US CPI Report but fell flat later in the day, dropping below $84,000.

There are, however, no signals indicating a concrete probability of a rebound in the short term.

If approved, the proposal could lead to a sharp reduction in the SOL inflation rate, potentially boosting the token's value.

Solana (SOL) has seen a nearly 40% retrace over the past month, losing key support levels since February. As its price retests a key horizontal level, some analysts warn of a potential 50% correction to a yearly low.

Donald Trump's tariffs and their uncertainties have led to higher odds of a recession in the US and other countries. PIMCO analysts have boosted their recession odds to 35%, and the Atlanta FedNow tool estimates that the economy will contract in Q1.

Solana (SOL) has faced significant price challenges in recent weeks, with a notable drawdown that has left it struggling to recover.

Binance CEO Richard Teng on Thursday expressed optimism that the pro-cryptocurrency policies introduced by U.S. President Donald Trump will inspire a wave of similar regulatory shifts worldwide. What Happened: Speaking at the CONVERGE LIVE event in Singapore on Thursday, Teng highlighted a dramatic change in the global financial landscape, noting that the United States, the world's largest economy, is now openly supporting digital currencies after years of regulatory uncertainty and skepticism under the previous administration.

Defunct FTX and its affiliate, Alameda Research, have unstaked and transferred 185,345 Solana (SOL), valued at $22.9 million, to 38 wallets within the past day, according to blockchain analytics platform SpotOnChain.

Many digital currencies are in consolidation mode, with Solana (SOL) fighting to stay above the $124 support zone. While the extreme sell-off has faded, Solana was changing hands for $124.26, up by a marginal 0.16% in 24 hours.

The major layer 1 networks have all hit major support levels. If crypto is to recover, the likes of Ethereum (ETH), Solana (SOL) and Sui (SUI) will need to reverse their downtrends and rally, potentially into the backend of 2025.

Toncoin (TON) has formed a bearish channel and could potentially jump to $6 or drop to $1.5, depending on the market conditions.

Solana has plunged 24.5% over five days to seven-month lows around $115 amid massive short-selling and key support levels breaking, with further decline to $99 possible without increased demand.

Thanks to its cheap fees and nearly instantaneous transactions, Solana (SOL -0.21%) has a strong edge over its larger competitor Ethereum in the race to become the leading blockchain for developing artificial intelligence (AI) agents and related applications. It will likely capture a bigger helping of the market for such tokens during the coming year or so.

Arkham Intelligence has revealed that FTX/Alameda redeemed 185,328 SOL from staking a few hours ago. The now defunct company also distributed approximately $22.89 million in digital assets to 38 addresses.

A section of the Solana community has criticized the SIMD-228 proposal, citing high centralization risk. The proposal seeks to reduce the asset inflation rate by 80% by moving from a fixed-rate token emission to a market-based model.

Solana price is flashing bearish signals after decentralized exchange (DEX) volumes on the network plunged by $90 billion in just two months. This decline in activity has raised concerns about weakening demand, which could precede a significant sell-off.

Alameda Research has unstaked $23 million worth of Solana (SOL), distributing it to 38 addresses linked to FTX. On-chain data from Arkham Intelligence confirms that these addresses, which have historically transferred SOL to major exchanges like Coinbase and Binance, now hold approximately $178.82 million in SOL.

Solana started a recovery wave above the $120 resistance zone. SOL price is now consolidating and might struggle to recover above the $132 resistance.

SIMD-228 proposal, which aims to cut SOL inflation by 80%, has gained 35.7% support from Solana validators so far. According to data from Dune Analytics, 701 out of the 1327 active Solana (SOL) validators have voted.

Franklin Templeton, managing $1.53 trillion in assets, has filed to launch a Solana (SOL) exchange-traded fund (ETF) in the U.S. The filing was submitted by Cboe BZX Exchange earlier this week, marking another major move by the financial giant, which also filed for an XRP ETF just days prior. This makes Franklin Templeton the most significant player to enter both the Solana and XRP ETF markets.

Alameda Research unlocked Solana tokens worth nearly $23 million today. Despite this notable unlock, it barely affected SOL's underlying price or demand dynamics.

Solana price could take a major hit after an Alameda address unstaked $23 million SOL in what appears to be an indicator for a potential selloff. On the technicals, Solana is inching toward a death cross for the third time in its history.

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The decentralized finance (DeFi) ecosystem has never been short of innovation, with blockchain platforms like Solana (SOL) leading the charge. Known for its high-speed transactions and low fees, Solana has carved out a significant niche in the cryptocurrency world.

On Tuesday, the US Securities and Exchange Commission (SEC) postponed its decision on multiple altcoin exchange-traded funds (ETFs), including Solana's.

On today's episode of CNBC Crypto World, bitcoin inches higher after better-than-expected inflation data. Plus, the House votes to rollback an IRS rule requiring DeFi brokers to send tax documents to customers.

The U.S. Securities and Exchange Commission is unlikely to approve or reject crypto ETFs until its new leadership is in place, according to a new report. What Happened: Coindesk on Wednesday reported that the SEC has acknowledged multiple spot crypto ETF applications but is unlikely to approve them until its leadership is settled.

The Chicago Board Options BZX Exchange (Cboe) has submitted an application on behalf of asset manager Franklin Templeton to list a Solana (SOL) exchange-traded fund (ETF) in the United States. The filing, submitted on March 12, marks another push for expanding crypto investment vehicles beyond Bitcoin and Ethereum.

Franklin Templeton, which boasts $1.53 trillion under management, has filed to launch a Solana exchange-traded fund in the U.S.