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news-imageAugust 19, 2024

SOL faces record outflows as Tron's SunPump challenges Solana's memecoin dominance

Solana (SOL) is facing challenges as it loses its grip on the memecoin market, marked by a 2% decline over the past week. CoinShares data reveals that while Bitcoin and Ethereum saw inflows of $42 million and $4.2 million, respectively, Solana experienced record outflows of $39 million.
Publisher: Invezz
Sentiment: Negative
SOL
TRX

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Positive
cover-imageThe Daily Hodl
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CryptoQuant CEO Says Ethereum Rival Has Achieved Strong Market-Product Fit Hosting $60,000,000,000 in USDT

An Ethereum (ETH) competitor has captured a massive share of USDT stablecoin transactions, according to the chief executive of the analytics firm CryptoQuant. Ki Young Ju says on the social media platform X that the value of the USDT hosted on Tron (TRX) is now more than three times the layer-1 blockchain's market cap.

Neutral
cover-imageCoingape
November 26, 2024

Solana's Pump Fun Denies SOL Sale Despite $138M Deposit to Kraken

Pump fun, a platform integral to the Solana ecosystem, has denied claims that it sold 99,999 SOL valued at $22.74 million after transferring the tokens to the Kraken exchange. Blockchain analytics platform Lookonchain had suggested the possibility of a sale following the large transaction, but Pump.fun clarified that no evidence supports such claims.

Positive
cover-imageCryptopolitan
November 26, 2024

TRON's Justin Sun joins Trump's crypto venture WLFI as Advisor

Donald Trump's crypto platform, World Liberty Financial (WLFI), just locked in a high-profile partnership by bringing Justin Sun onboard as an Advisor. The founder of TRON and one of blockchain's most talked-about figures, Sun has also invested $30 million into the platform, making him WLFI's largest backer.

Positive
cover-imageCrypto Economy
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Tron's Justin Sun Supports Donald Trump's WLFI with $30M Investment

TL;DR Justin Sun, founder of Tron, invested $30 million in World Liberty Financial (WLFI), becoming the main investor in the project associated with Donald Trump. The partnership with Tron could provide WLFI with a robust infrastructure, boosting its global adoption and positioning it in the crypto market.

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