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.

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.

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.

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.According to the March 12 filing, Franklin Templeton's proposed ETF will hold spot SOL, and the filing encouraged the Securities and Exchange Commission to allow the fund to stake its underlying crypto for additional rewards. “Not staking the Fund's SOL would amount to waiving the Fund's right to free additional SOL, an act analogous to an equity ETP refusing dividends from the companies it holds,” the filing read.

The Solana price has risen back to $129 today, helped along by whales and other traders buying the dip as the alt remains oversold. The post Solana Price Pumps 12% as Whales Inject $6 Billion – Is the Bear Market Over? appeared first on Cryptonews.

Grayscale, Canary Capital, Bitwise and 21Shares have filed for ETFs in recent months tracking the price of the sixrh largest crypto by market value.

Franklin Templeton has filed an application with the U.S. Securities and Exchange Commission (SEC) to launch the Franklin Solana ETF, a new exchange-traded fund designed to track the price of the cryptocurrency Solana (SOL).

In a landmark development for the Solana ecosystem, a newly proposed token emission model, known as SIMD 228, has attained quorum with approximately 70% of votes cast in favor. According to a post by research analyst Carlos (@0xcarlosg) on X, voting concludes at Epoch 755, which is set to arrive in under 48 hours.

The passage of SIMD-228 marks Solana's transition from fixed inflation to a market-driven model, solving the problems of excessive inflation and insufficient incentives. Compared with Ethereum's destruction mechanism and Sui's static inflation, Solana's dynamic design is more flexible, but it still needs ecological feedback optimization.

The rapid rise of the Solana network at the beginning of the year seemed to herald a new era for its ecosystem. Fueled by an unprecedented speculative frenzy around memecoins, the blockchain recorded record revenues, reaching $55.3 million per week.

Bitcoin (BTC) bounced from $76,606 on March 11, but the bulls could not sustain the price above $84,500 on March 12. Nansen principal research analyst Aurelie Barthere told Cointelegraph that Bitcoin is in a macro correction in a bull market, with the next crucial level being “$71,000-$72,000, top of the pre-election trading range.

Solana (SOL) faces bearish pressure on all fronts, from price action and trading volume to revenue falls. On the cryptocurrency market, Solana's revenue has notably declined from its January figures.

The true impact of Solana's SIMD-228 proposal will only materialize if network adoption accelerates.

The crypto market roared to life following the latest U.S. CPI report, which showed inflation easing slightly in February. Bitcoin surged to $84,000, Solana jumped past $127, and XRP spiked above $2.20, as traders piled into risk assets following the data release.

The filing comes one day after Franklin Templeton filed an S-1 with the SEC to list and trade a spot XRP ETF.

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A fresh wave of postponements has swept across the crypto market, as the US Securities and Exchange Commission has delayed decisions on a set of proposed spot exchange-traded funds (ETFs) for XRP, Dogecoin, Solana, and Litecoin.

The crypto market recovered over the past 24 hours as prices rose after experiencing significant declines over the past few sessions. Bitcoin (BTC) dipped to a low of $76,982 on Tuesday before rebounding to reclaim $80,000 and reach $83,737 before losing momentum and declining to its current level.

Solana (SOL) is under intense selling pressure as it approaches a potential death cross, a bearish technical signal where the 50-day moving average crosses below the 200-day moving average. This formation often signals an extended downtrend, triggering increased market caution.

Data shows XRP and Solana have seen their Realized Volatility spike up after the sharp price action. Here's how Bitcoin and other coins compare.

The Solana price has plummeted over 40% since the start of 2025, struggling to maintain investor confidence despite inclusion in President Donald Trump's Digital Asset Reserve Stockpile. Analysts point to capital outflows and speculative trading in meme coins as key factors behind the SOL token price decline.

TL;DR Extended Review: The SEC has further delayed its review of several crypto ETFs, including Grayscale's XRP ETF and Cboe's spot Solana ETF, with the next deadline set for May. Cautious Approach: This extension reflects the SEC's ongoing cautious stance amid concerns about market volatility, regulatory scrutiny, and custody security.

North Korea's Lazarus Group targeted Solana and Exodus wallets by infecting hundreds of software developers via malicious npm packages, stealing cryptocurrency-related data and establishing persistent backdoors. The post Lazarus Targets Solana and Exodus Wallets, Infecting Hundreds of Software Developers appeared first on Cryptonews.

The SEC has delayed its decision on VanEck's spot Solana (SOL) ETF, citing market assessment. Similar delays were issued for other altcoin ETFs, including Dogecoin, XRP, Litecoin, and Cardano.

The US Securities and Exchange Commission (SEC) has pushed back its decision on multiple cryptocurrency exchange-traded fund (ETF) proposals, delaying potential approvals for products tied to XRP XRP, Solana SOL, Dogecoin DOGE, and Litecoin LTC.

Solana (SOL) has plunged from $200 to $124 amid waning investor sentiment and a collapsing memecoin sector. With SOL/ETH underperforming, could Solana fall to $100 next?

A new Lazarus campaign is spreading through npm packages, using BeaverTail malware to steal credentials, exfiltrate cryptocurrency data, and deploy a persistent backdoor.

Solana has emerged as a powerful presence in the crypto industry. Since its inception in 2020, the network has dominated the market, demonstrating remarkable levels of user engagement and practical utility, particularly in decentralized finance (DeFi).

The crypto markets witnessed relief with fresh updates from the Whitehouse about tariffs and acceptance of a 30-day ceasefire between Ukraine & Russia. With this, the investor's confidence climbed, leaving a positive impact on Bitcoin & the other altcoins.

Sol Strategies has signed a definitive agreement to acquire three Solana validators, including the prominent Laine validator, and the analytics site Stakewiz.com. This move significantly boosts its staked SOL to 3.3 million and enhances its institutional staking services on the Solana blockchain. Sol Strategies Strengthens Solana Presence with Acquisition of Laine Validator and Stakewiz.

The US Securities and Exchange Commission has delayed its decision to approve several XRP, Solana, Litecoin and Dogecoin exchange-traded funds.In a slew of filings on March 11, the agency said it has “designated a longer period” to decide on the proposed rule changes that would allow the ETFs to proceed. Among the affected ETFs are Grayscale's XRP (XRP) and Cboe BZX Exchange's spot Solana (SOL) ETF filings, with the decisions on them pushed until May.