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This will allow traders to jump into the action starting today (Feb 19th) at 10 AM ET. This exciting development marks a significant milestone for $DOG, which has captured the hearts of memecoin lovers across the globe.
Solana needs strong conviction in a recovery to regain its lost market standing.
If you're in the market for a high-powered investment and you don't care much about taking a big risk, it's natural to turn to unorthodox investments. Many investors flirt with the idea of buying a meme coin like Dogecoin, (DOGE 0.76%) or perhaps a newer issue like the Official Trump coin, which is on the Solana (SOL 2.55%) blockchain with the ticker $TRUMP.
A Solana whale caused a market stir on Wednesday by heavily accumulating coins for staking purposes despite the ongoing meme coin panic on the network. On-chain data flagged that the whale withdrew 87K SOL, worth $14.8 million, for staking whilst the crypto's price traded around the $169 level.
Coinbase has launched CFTC-regulated futures contracts for Solana and Hedera while the SEC reviews spot crypto ETF applications under new leadership that may change traditional approval requirements.
Bitcoin (BTC) briefly dipped below $95,000, falling to a low of $93,487 before recovering and moving to its current level of $95,100. The flagship cryptocurrency has been down almost 1% over the past 24 hours, with sentiment further dampened after the odds of a US strategic reserve drop on Polymarket.
It all began on February 14th when Argentina's president, Javier Milei, tweeted about an official token. This triggered a buying frenzy that sent the LIBRA token's market cap soaring to $4 billion.
The sentiment towards Solana on social media has shifted to a negative one. Many analysts and traders are rejecting the chain as a meme coin casino after the Libra incident involving the token shared by Argentine President Javier Milei.
Grayscale, a major player in the asset management space, has launched a new fund aimed at providing exposure to an emerging altcoin.
As Solana price struggles to hold above $170, traders are turning to Solana Rivals that show strong market momentum. With a $1.8 billion SOL unlock on the horizon, investors are looking for alternative assets that could deliver massive gains.
Solana's price has dropped 8.8% in the past 24 hours, hitting $169.01, marking its lowest point since mid-December.
Solana (SOL) has been under pressure, recently dropping to a three-month low of around $160. Many traders are frustrated with this decline, especially since SOL was trading near $293 in January. However, according to Santiment, a well-known market intelligence platform, this negative sentiment might be setting the stage for a rebound.
With ETF momentum still in play for Solana and XRP, will altcoins continue to outperform?
Sol Strategies, a publicly traded Canadian company formerly called ‘Cypherpunk Holdings,' completed the purchase of an additional 12,456 SOL worth approximately CAD $3.59M (inclusive of fees and expenses) at an average price of CAD $288.48 per SOL. The firm's SOL acquisition between February 7th and February 15th brought its total SOL holdings to 226,798 SOL worth CAD $59.2M at CAD $260.94 per SOL.
The world's largest stablecoin issuer, Tether, minted an additional $1 billion worth of USDT on the Tron network in the past 11 hours. At the same time, Circle also minted another 250M USDC on the Solana network.
The U.S. Securities and Exchange Commission's (SEC) recent acknowledgment of XRP ETF filings has created a stir in the crypto community. These filings mark a major milestone for the cryptocurrency, as the application was previously rejected or withdrawn.
Coinbase exchange has unveiled CFTC-regulated futures for Hedera and Solana. The launched offerings have introduced more crypto products to institutions in the U.S. market.
BC.GAME, a leading crypto gaming platform, has launched a massive airdrop in the Solana ecosystem, distributing 400 million $BC tokens. As the first platform to reward Pump.fun users, BC.GAME strengthens its presence in blockchain gaming and community engagement.
Traders are increasingly shorting Solanas native SOL token as market sentiment turns negative due to recent memecoin controversies. Data from Coinalyze shows the long-to-short ratio for SOL futures dropped from 4 to 2.5 on February 17, reflecting rising bearish sentiment.
Crypto analyst Jason Bons is blaming Solana (SOL) for the spate of frauds and scams on the blockchain is misguided.
Sunil Kavuri, a prominent advocate for FTX creditors, advises victims not to gamble away their returned assets after missing the bull run.
Most altcoins have crashed by double digits in the past few weeks. Solana, Bonk, Pepe, and Raydium prices have plunged by double digits, meaning that they have moved into a deep bear market. So, let's explore why these altcoins have plunged and what to expect in the near term.
Solana prices have declined more than 40% in roughly a month as multiple bearish factors combined to create what one analyst described as a "perfect storm."
Solana has just seen its biggest price drop in three years, falling 45% from its most recent high. Due to intense selling pressure, the asset — which was among the best performers during the previous bull cycle — is currently causing investors to worry about its short-term future.
