Solana (SOL) registered notable gains as the broader crypto market flipped positive. SOL price hit highs above $260 with a double digit spike in 24 hours, with this coming amid bullish sentiment around crypto. There have been several potential positive drivers of the fresh momentum in the past 24 hours.

The TRUMP memecoin shattered records before Inauguration Day, eventually reaching a total market cap of more than $12 billion.

Coinbase's CEO Brian Armstrong said the exchange has cleared the backlog in Solana transaction delays over the past few days.

The backlog issue led to pending transaction times of up to 21 hours on the crypto exchange following President Donald Trump's memecoin launch.

DOGE, BONK, TRUMP, BTC, ETH, SOL and XRP in the list.

The global platform for digital payments Mercuryo reported a 77% increase in Solana (SOL) purchases between January 13 and 20, 2025. This increase is attributed to the intense activity on the Solana network, driven by the launch of the memecoins TRUMP and MELANIA, which have sparked significant interest in the cryptocurrency market.

Solana (SOL 8.35%) and Ethereum (ETH 0.12%) are two of the largest and most popular cryptocurrencies for casual investors and professionals alike. But there are big differences in the narratives surrounding each of these currencies.

Whale-driven activity sparks questions as PENGU rebounds, setting sights on key resistance levels.

Unlike other Ethereum L2s, “the first true SVM rollup" uses the Solana Virtual Machine to speed transaction settlement times.

Popular Solana wallet Phantom has come under fire for its reaction to a potential vulnerability in its app. In a post on X, security researcher Cloakd accused Phantom of ignoring his message to alert them of a vulnerability in the wallet.

Transaction delays, canceled transfers and frustrated users — recent weeks have been challenging for Coinbase and its Solana (SOL) integration. Amid a surge in activity on the popular blockchain, the exchange has faced mounting criticism over its inability to keep up.

Crypto majors showed mixed movement as bitcoin (BTC), ether (ETH) and BNB Chain's bnb gained under 1% in the past 24 hours, while Solana's SOL and XRP surged as much as 7%.

Coinbase CEO Brian Armstrong announced that the exchange has resolved all pending Solana transaction delays—a response to growing user frustrations over slow processing times. On Jan. 22, he shared the update on the social media platform X, confirming that Solana transactions are now functioning as expected, with canceled transactions eligible for retries.

USDC mints accelerated on Solana, sparking suggestions of a SOL rally. The mints reflected renewed demand for stablecoins to trade memes and lock in gains.

In an effort to uplift market sentiment, Coinbase CEO recently announced plans to offer ‘tier 1 support' to Solana following transaction glitches on the crypto trading platform. Notably, the exchange's CEO, Brian Armstrong, revealed that the transaction glitch on the network was fixed.

Solana price climbs to $253 amid Bitcoin's rally and Trump's swearing-in. Explore key support, resistance levels, and what's fueling SOL/USD.

Solana price has surged past $255 extending weekly gains to 35%, driven by heightened network activity from the launch of TRUMP and MELANIA meme coins.

What is Solana and why is it relevant today?

Ethereum, Solana, and Sui technical analysis: ETH eyes $25K, SOL targets $4.5K, and SUI aims for $10 as key bullish setups unfold.

A major options block trade betting on Solana reaching $400 by February coincides with bullish technical indicators and strong market structure, as SOL maintains positions above key support levels while challenging higher resistance zones.

Solana (SOL) has fallen 14% from its all-time high of $295.83, reached on January 19. Despite the decline, bullish sentiment remains strong as market participants ease up on profit-taking.

SOL and DOGE are the two top gainers from the larger-cap alts.

It's less than a month into the new year, and already a number of top altcoins are starting to pull away from market benchmark Bitcoin (BTC 2.30%). While Bitcoin is up 15% for the year, other cryptocurrencies are up 30%, 40%, and even 50%.

Crunch, a decentralized machine learning (ML) platform, has joined Cohort 2 of the Solana Incubator (SOL) program in New York, according to the reports shared with Finbold on January 22.

Osprey Funds and Rex Shares have filed with the U.S. Securities and Exchange Commission (SEC) to launch several new cryptocurrency exchange-traded funds (ETFs).

Of the 4.5 million daily active users on Solana, 1.5 million were unique tippers, showcasing interest in token sniping on platforms like Meteora and Orca.

The recent memecoin 'hype' on Solana raises red flags for its future - Is its value fading?

Bitcoin (BTC) has gained nearly 3% over the past 24 hours, approaching its all-time high at one point as the Trump administration completed its first day in office. Markets were choppy but stabilized after the United States Securities and Exchange Commission unveiled plans to overhaul rules and regulations for the sector.

The crypto business today has been posting greener numbers, with its market cap rising 3.49% to $3.64 trillion. However, the trading volumes stumbled by 37.40% to $196.58 billion. The Fear & Greed Index ticked up to a “Greed” score of 66, cautioning marketers of further moves.

Crypto analyst CobraVanguard has provided a bullish outlook for the Solana meme coin MYRO. The analyst has stated that the meme coin is primed for an explosive 300% price breakout and revealed how this could happen.

The cryptocurrency market was showing a bullish recovery on Wednesday, with major coins like Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) showing notable gains. The broader crypto market cap rose 4%, reaching $3.64 trillion. The total cryptocurrency market volume over the past 24 hours stands at $196.09 billion, reflecting a decrease of 37.21%.

Solana started a fresh increase above the $240 resistance. SOL price is back above $2500 and might aim for a fresh increase above the $262 zone.

The block trade was a bull call spread that would see maximum profit on a potential move to $400 or higher by the end of February, according to data tracked by Amberdata.

Solana has seen a sharp 21% drop over the past three days, erasing some of the impressive gains from its recent rally. This sudden reversal is partly attributed to the meme coin frenzy, which initially boosted Solana's ecosystem but has now turned into a liquidity drain, leaving the asset vulnerable to a sell-off.

The price of SOL may experience further drops in the coming market sessions.

The return of Donald Trump to the presidency has caused a wave of enthusiasm in the digital asset market, with institutional investors making bold bets on cryptocurrencies like XRP and Solana. This trend is noted by the CoinShares' Digital Asset Fund Flows Weekly Report, which reveals a historic influx of funds into the crypto market with total assets under management (AuM) now at a new all-time high.

Solana (SOL) has emerged as a strong competitor to Ethereum in the cryptocurrency space, earning the title of “Ethereum Killer” due to its fast transaction speeds and low costs. Although the crypto market is still volatile, Solana continues to make strides, having previously hit an all-time high (ATH) of $294.33.

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Sol Strategies Inc. has commenced trading on the OTCQX Best Market under the ticker "CYFRF," marking a milestone for Solana blockchain investment. This upgrade enhances transparency, attracts U.S. investors, and aligns with its pending Nasdaq application to expand global opportunities. The post Sol Strategies Entered OTC Group Best Market Under the Ticker “CYFRF” appeared first on Cryptonews.

The official TRUMP token on Solana is up nearly 9% on the day, hitting its highest price in more than 24 hours.

REX Shares has filed multiple exotic ETF applications for such tokens as XRP, Solana (SOL), and Dogecoin (DOGE).

Jupiter's JUP token fell as the Solana decentralized exchange prepares to open claims for its latest airdrop for users.

Solana (SOL) price recently surged to a new all-time high, breaking volume and trading records after the launch of TRUMP's official coin on the Solana blockchain.

Pump.fun, a Solana-based meme coin launchpad, recently deposited 116,055 SOL, valued at $28 million, to cryptocurrency exchange Kraken. The transaction, reported by Lookonchain, comes amidst an ongoing class action lawsuit targeting the creators of Pump.fun for allegedly exploiting users and violating securities laws.

Solana (SOL) and Cardano (ADA) are two of the leading smart contract layer-one blockchains in crypto, supported by passionate communities. With that, Finbold decided to ask an artificial intelligence (AI) whether SOL or ADA make a better buy for 2025.

Coinbase is seeing intense congestion on the Solana network, causing deposit and transfer delay.

Searches for “Bitcoin” and “Crypto” also jumped on Google Trends post-TRUMP meme coin launch, signaling renewed retail interest.

The rollout of Donald Trump's official meme coin on Solana has boosted not only the crypto's price and trading volume but also the total dollar value locked (TVL). The TVL on Solana has crossed the $10 billion mark for the first time since the implosion of Sam Bankman-Fried's FTX exchange and hit a new historic high of over $12 billion.