As FTX offloads its massive Solana holdings, industry experts warn of a possible market crash with over $1 billion in SOL tokens yet to be liquidated.

Solana, one of the fastest-growing cryptocurrencies, has been gaining significant attention from both investors and traders. A new report from Bybit Research suggests that Solana's liquid staking could explode in value, potentially growing fivefold to $18 billion, driven by increased retail investor interest.

Solana price rose above $130 on Sept 11, up 13% in 7 days, on bullish tailwinds from news of Grayscale adding XRP to its cryptocurrency trust offerings.

Solana-based liquid staking could attract more retail investors due to increased liquidity and capital efficiency compared to regular staking.

Amid the notable fear of a final crypto sell-off before the bullish rebound anticipated to kickstart in the fourth quarter, Solana (SOL) whales have been fleeing the market recently. The large-cap layer-one (L1) altcoin, with a fully diluted valuation of about $78 billion and a daily average traded volume of around $1.

A widely followed crypto analyst believes one Solana (SOL) competitor may have more upside potential. Crypto trader Michaël van de Poppe tells his 724,900 followers on the social media platform X that layer-one blockchain Sei (SEI) may soar more than 46% from the current value by next month. “Altcoins are doing relatively well.

This week, we take a closer look at Ethereum, Ripple, Cardano, Binance Coin, and Solana. Ethereum (ETH) Since last week, Ethereum's price has remained close to the key resistance at $2,400.

Given that FTX unstaked an astonishing amount of SOL, the asset may be in for a difficult time in the foreseeable future. Based on reports, FTX reportedly owns $1 billion worth of Solana at the moment.

Blair Campbell, a well-known crypto marketing specialist, has ignited excitement in the XRP community by predicting that a U.S.-listed XRP ETF could launch within four to eight months. Campbell's confidence stems from the latest developments with Grayscale Investments, which recently launched its Grayscale XRP Trust.

As FTX unwinds its vast Solana (SOL) holdings, reports suggest the bankrupt exchange still has over $1 billion worth of tokens to offload.

Bitcoin (BTC) saw a brief foray above $58,000 on Thursday following the release of US inflation data and Federal Reserve rate cut bets. US consumer prices bumped up slightly in August, but core inflation remained persistent, with the Core Consumer Price Index increasing by 0.28%, compared to an anticipated 0.2% increase.

A Solana (SOL) whale recently unstaked a massive amount of SOL coins and deposited them on Binance, likely signaling an intent to sell for profit as volatility in the Solana market intensifies.

A widely followed analyst and trader is leaning bullish on an altcoin in the Ethereum (ETH) ecosystem while updating his outlook on three crypto assets.

A significant amount of Solana (SOL) has been unstaked from an address associated with the now-defunct FTX exchange. This recent development, involving nearly $24 million worth of SOL, raises questions about potential market impact and the future trajectory of Solana's price.

With Bitcoin taking a plunge under $58K, the intraday pullback in the crypto market reveals a minor case of bullish exhaustion. Amid the pullback, Solana offers a buying opportunity with an upside potential extending to $160 next week.

The altcoin market has been a focal point of attention, especially with growing signs of a turning point after a long period of sideways movement. After nearly 197 days of consolidation, market analysts are now predicting that the next week could be pivotal, not just for Bitcoin but particularly for altcoins.

The surge in daily active addresses to over 5.4 million is a clear indicator of growing user adoption and network engagement. Such substantial growth in network activity is often associated with increased demand for the native token, which can exert upward pressure on its price.

Artificial Superintelligence has outperformed major cryptocurrencies like Bitcoin, Ethereum, and Solana in a key area.

A significant price test for Bitcoin is coming up and could reveal the direction of the market in the near future. BTC is getting close to the 200 EMA, a crucial technical level that frequently acts as a barrier between bullish and bearish market sentiment, as can be seen on the provided chart.

Despite unlocking 177,693 SOL, observers believe the move by FTX is unlikely to cause any significant market disruption.

Solana Latest Update: Amidst the market recovery, a crypto wallet linked to bankrupt FTX/Alameda withdrew a significant 177,693 SOL, worth $23.75 million from Solana PoS, according to SolScan. Traders and investors should keep an eye on this substantial fund, as its movement to centralized exchanges (CEXs) could potentially create notable selling pressure.

Canadian blockchain company Cypherpunk Holdings has rebranded, adopting the new name Sol Strategies as it focuses its investment strategy on Solana. The Toronto-based firm announced on Sept.

The last 48 hours have been very interesting for the crypto-space!

Could FTX & Alameda's latest on-chain actions signal more trouble brewing for Solana?

Manifest's primary contributors are the founder of Mango Markets, CTO of Dual Finance and Head of Trading at CKS Systems.

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Pump.fun is “stale” traders believe as the protocol fails to keep more than 100 tokens above a $1 million market cap.

With a new $12 million fundraising round, the renewable energy company aims to reward customers for supporting the power grid.

Binance Staking now offers Binance SOL Staking, enabling users to stake Solana (SOL) and earn rewards through a liquid staking token. BNSOL allows users to trade, lend, or use staked assets across Binance without losing staking rewards.

Similar to MicroStrategy's pivot to bitcoin, the newly rebrand SOL Strategies is giving investors a way to gain exposure to Solana.

Lookonchain data revealed that Solana's memecoin factory Pump.fun‘s account sold 9,940 more tokens worth $1.33 million. The number brought total SOL token sales from the memecoin factory to approximately $42.93 million from 274,313 SOL tokens since the beginning of the month at an average price of $156.5.

Reduced monopoly helps SOL manage risks and stabilize value during market downturns.

Buyers are not going to give up so easily, according to CoinMarketCap.

Bitcoin surged past $58,000 following a rise in U.S. tech stocks and expectations of a potential 25 basis point interest rate cut by the Fed this month. However, Bitcoin ETFs saw outflows of $43 million on Wednesday, breaking a two-day inflow streak. Altcoins have also slipped into the green zone, with hopes of rallying soon.

The bankrupt FTX/Alameda-linked wallet unstaked a significant 177,693 SOL tokens, worth $23.75 million.

Imagine that you hold a large portion of Solana, Ethereum, or any other top 20 cryptos. Speculate that you got those tokens at a time when these were relatively unknown and cheap.

The FTX wallet holds 7.057 million SOL worth $943 million in staking. Solana marked a moderate gain over 2.75%, trading at $135.

Popular Solana (CRYPTO: SOL) meme coin launch platform pump.fun raised eyebrows by selling over seven figures worth of SOL as traders foresee promising price action in the near future. What Happened: The Pump.fun account sold 9,940 SOL, worth $1.3 million, around 20 hours ago.

Recently, a report showed that there were 142K new US jobs in August—a lower number than the expected 164K. This could lead to a 25-point rate cut by the Federal Reserve. In this environment, traders are looking for the next big player in the crypto market.

SUI price broke above $1 on Thursday, Sept 12, reflecting a remarkable 127% breakout as it's highest volumes from brigded Ethereum assets in the past month.

Solana faces a tough battle at the $125-$127 support, with a failure to hold potentially leading to deeper declines in the near term.

The bankrupt crypto trading platform FTX Derivatives Exchange is in the headlines today as it continues its bankruptcy proceedings. Based on recent moves, on-chain data shows the exchange redeemed some of its Solana (SOL) locked in POS staking.

Solana's (SOL) price nearly broke below its crucial support level of $126. Since early March, this support has prevented a significant drop in price.

Zodia Custody has partnered with non-custodial liquid staking protocol Marinade to enable Solana staking through Zodia Gateway.

BTC is up 3.44%, while Ethereum (ETH) is up nearly 2%, inching toward the $2,400 mark. Other major gainers include Solana (SOL), Toncoin (TON), Ripple (XRP), and Dogecoin (DOGE).

A wallet linked to the bankrupt FTX exchange recently unstaked 177,693 SOL tokens, valued at $23.75 million, from Solana, according to on-chain data. Typically, tokens are sent to exchanges to be sold after unstaking.

In the past week, Solana (SOL) and Chainlink (LINK) holders moved over $400k in funds to DTX Exchange (DTX) for one reason: the announcement of the all-in-one wallet launch.

On Tuesday, Indian cricket fans were targeted by scammers with a Solana-based token. The attackers attempted to profit from sports fans after hacking Delhi Capitals' X account.