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.
Shiba Inu (SHIB) can be building up steam for a jumbo rally as TradingView analyst Krao projects a massive 7,350 % increase. He said SHIB will breach $0.001 in the next few months, representing quite a jump from where it is now.
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.
With this new burn mechanism, Shibarium is expected to burn 70% of all base transaction fees collected on the network.
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.
Shiba Inu (SHIB) has been at the forefront of the crypto market once again, thanks to a dramatic surge in its burn rate. Over the last 24 hours, Shiba Inu's burn rate has soared by more than 242%, resulting in nearly 3 million SHIB tokens being burned.
Dogecoin (DOGE) has long been a favorite among meme coin enthusiasts and crypto whales, thanks to its massive community and frequent endorsements from figures like Elon Musk. However, as the market evolves, new contenders like GoodEgg (GEGG) are emerging, offering unique features that could soon challenge even the giants like Dogecoin (DOGE) and Shiba Inu (SHIB).
Dogecoin (DOGE) has long been a favorite among meme coin enthusiasts and crypto whales, thanks to its massive community and frequent endorsements from figures like Elon Musk.
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.
PEPE seemed well positioned to outperform SHIB and DOGE if the market rebounds.
A bullish outlook for the memecoin, but will that change soon?
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.
According to the recent update shared by the Shibburn wallet tracking service, during the last day, one of Shiba Inu's major metrics – the burn rate – has demonstrated a large increase, going up by several hundred percent.
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 meme-inspired cryptocurrency Shiba Inu has lost more than 55% of its value over the past six months, to now trade at $0.00001348 as it recently suffered from a wider market downturn that saw it dip 3% in a month.
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 the gloomy condition of the crypto market, one analyst has voiced his optimism towards Shiba Inu (SHIB). TradingView analyst Krao recently predicted that the dog-themed crypto asset could hit $0.001 in the next few months.
Shiba Inu has seen a 30,045% drop in whale netflows, signaling significant selling pressure or reduced positions from major investors. This could indicate profit-taking or increasing market fear as SHIB continues to navigate a turbulent crypto landscape.
Shiba Inu whales are making waves after moving 2.1 trillion SHIB in just 24 hours. The sudden increase in whale activity has triggered speculation on whether a major price shift for SHIB is on the horizon.
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!
Recent analysis shows that Shiba Inu's (SHIB) recovery prospects are closely tied to the broader altcoin market, which has seen prices plunge for months.
Could FTX & Alameda's latest on-chain actions signal more trouble brewing for Solana?
An analysis by the on-chain analytics platform Santiment recently revealed the current sentiment in the Dogecoin (DOGE) and Shiba Inu (SHIB) ecosystems. This has also provided insights into the future trajectory of these meme coins, as a rebound could be imminent.
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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9B Shiba Inu tokens go missing from the largest Indonesian crypto exchange: should SHIB holders be worried?
Shiba Inu, the popular dog-themed cryptocurrency, has recently experienced a significant drop in whale net flows, plummeting by over 30,000%. According to data from IntoTheBlock, the meme token's whale net flows—often used to track large investor activity—have declined by 30,045%.
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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.
A leading crypto analyst has utility-centered meme coins in his crosshairs. Austin Hilton says it's just a matter of time until Shiba Inu's next parabolic breakout. The analyst also expects huge gains for the new ICO token Crypto All-Stars. The Crypto All-Stars ($STARS) presale is ongoing, and it has just surpassed the $1.
Popular meme coin Shiba Inu (SHIB) has experienced a relatively calm period of on-chain activity in recent weeks. This calm pace has been mirrored in the token's price action, which has remained largely stable without any major fluctuations.
Similar to MicroStrategy's pivot to bitcoin, the newly rebrand SOL Strategies is giving investors a way to gain exposure to Solana.