Despite the current market downtrend, crypto traders are still finding ways to make life-changing gains. This is the case of some Solana meme coin traders who recently turned $6,400 into $8 million in 24 hours. On-chain analytics platform Lookonchain revealed in an X (formerly Twitter) that these traders turned $6,400 into $8 million by investing […]
Asset management firm Pantera Capital has emerged as one of the successful bidders in an auction of discounted Solana (SOL) tokens conducted by the liquidators overseeing the bankruptcy of the former FTX cryptocurrency exchange. The sale, which included approximately 2,000 SOL tokens, signifies Pantera Capital’s continued interest in expanding its Solana portfolio. FTX Sells Additional […]
Solana developers are gearing up for a crucial update scheduled for April 15 aimed at resolving the pressing issue of network congestion. This move comes in the wake of transaction failures skyrocketing due to an “implementation bug” as elucidated by Mert Mumtaz, CEO of Helius Labs. Helius Labs is at the forefront of providing backend […]
The Solana network has been experiencing unprecedented levels of congestion, leading to a record failure rate of transactions. According to data from Dune Analytics, on April 4, more than three-quarters of all “non-vote” transactions on Solana failed. This surge in failed transactions coincides with a significant increase in network activity, driven largely by the recent […]
Solana (SOL) has experienced an exceptional uptrend, with a staggering year-to-date (YTD) surge of 652%. However, the recent surge in meme coins has further amplified the blockchain’s growth narrative. Solana-based tokens such as dogfight (WIF), Bonk Inu (BONK), and Boof of Meme (BOME) have witnessed remarkable growth rates of 574%, 3200%, and 49%, respectively, according […]
Cryptocurrencies (especially meme coins) have been known to turn many into overnight millionaires in the past. This has happened again as a crypto trader was recently reported to have made $11 million from a single trade. On-chain analytics platform Lookonchain revealed in an X (formerly Twitter) post how a trader bought 5.1 million Dogwifhat (WIF) […]
A recent comparison was made between Solana (SOL) and Cardano (ADA). In response, Cardano’s founder, Charles Hoskinson, used the opportunity to throw what seemed like a subtle jab at the Solana network. Cardano Founder Thinks Solana Has No Real Network Value? The comparison was drawn when an X (formerly Twitter) user (known as Jeremy) stated […]
Solana (SOL) is currently riding a wave of its own, rallying significantly in the last 24 hours to a 22-month high. Interestingly, there is reason to believe that FTX’s former CEO, Sam Bankman-Fried (SBF), might have contributed to this bullish momentum. Solana Rises To As High As $136 Data from CoinMarketCap shows that SOL rose […]
Authur Hayes, co-founder and former Chief Executive Officer (CEO) of cryptocurrency exchange BitMEX, has singled out Solana as the most suitable cryptocurrency to invest in during the altcoin season. The Bitcoin billionaire hinted at the possibility of re-entering the Solana market, expressing optimism about the cryptocurrency’s price performance and future potential. BitMEX Co-Founder Sets Sights […]
The Solana on-chain transaction volume exploded in December, as the SOL, the native token, punched through various price levels in the month. SOL continued this price growth into early January but has since declined to shed some of its gains. On the other hand, on-chain data has revealed a consistent increase in the transaction volume […]
Solana has been on an incredible run lately but it seems that the network is far from done. The most recent development is an acquisition of the official Solana explorer known as Solscan by the leading blockchain explorer in the crypto industry. Etherscan Takes Over Solscan The name Etherscan has become synonymous with blockchain exploration, […]
Dogecoin founder, Billy Markus has ignited an unexpected debate within the crypto community, prompting members to choose between Ethereum and Solana as the superior cryptocurrency. Ethereum Vs Solana Showdown American Software Engineer and the founder of Dogecoin, Billy Markus has found himself at the epicenter of an Ethereum and Solana turf war after publishing a […]