Solana has seen a sharp 21% drop over the past three days, erasing some of the impressive gains from its recent rally. This sudden reversal is partly attributed to the meme coin frenzy, which initially boosted Solana's ecosystem but has now turned into a liquidity drain, leaving the asset vulnerable to a sell-off.

The price of SOL may experience further drops in the coming market sessions.

The return of Donald Trump to the presidency has caused a wave of enthusiasm in the digital asset market, with institutional investors making bold bets on cryptocurrencies like XRP and Solana. This trend is noted by the CoinShares' Digital Asset Fund Flows Weekly Report, which reveals a historic influx of funds into the crypto market with total assets under management (AuM) now at a new all-time high.

Solana (SOL) has emerged as a strong competitor to Ethereum in the cryptocurrency space, earning the title of “Ethereum Killer” due to its fast transaction speeds and low costs. Although the crypto market is still volatile, Solana continues to make strides, having previously hit an all-time high (ATH) of $294.33.

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Chainlink (LINK) has experienced a significant surge in its price, which analysts are attributing to the additional acquisition of World Liberty Financial (WLFI) and the rumors of a brewing partnership with Cardano. Related Reading: Trader's Hot Take: XRP Branded The ‘Biggest Meme Coin' In Crypto Chainlink could be off to a good start as the crypto token was able to pull off a big run that propelled the coin from its lowest level to reach over $26 per coin.

Sol Strategies Inc. has commenced trading on the OTCQX Best Market under the ticker "CYFRF," marking a milestone for Solana blockchain investment. This upgrade enhances transparency, attracts U.S. investors, and aligns with its pending Nasdaq application to expand global opportunities. The post Sol Strategies Entered OTC Group Best Market Under the Ticker “CYFRF” appeared first on Cryptonews.

The official TRUMP token on Solana is up nearly 9% on the day, hitting its highest price in more than 24 hours.

REX Shares has filed multiple exotic ETF applications for such tokens as XRP, Solana (SOL), and Dogecoin (DOGE).

Jupiter's JUP token fell as the Solana decentralized exchange prepares to open claims for its latest airdrop for users.

Solana (SOL) price recently surged to a new all-time high, breaking volume and trading records after the launch of TRUMP's official coin on the Solana blockchain.

Pump.fun, a Solana-based meme coin launchpad, recently deposited 116,055 SOL, valued at $28 million, to cryptocurrency exchange Kraken. The transaction, reported by Lookonchain, comes amidst an ongoing class action lawsuit targeting the creators of Pump.fun for allegedly exploiting users and violating securities laws.

Coinbase is seeing intense congestion on the Solana network, causing deposit and transfer delay.

Searches for “Bitcoin” and “Crypto” also jumped on Google Trends post-TRUMP meme coin launch, signaling renewed retail interest.

The rollout of Donald Trump's official meme coin on Solana has boosted not only the crypto's price and trading volume but also the total dollar value locked (TVL). The TVL on Solana has crossed the $10 billion mark for the first time since the implosion of Sam Bankman-Fried's FTX exchange and hit a new historic high of over $12 billion.

Solana (SOL), in the last 72 hours, has experienced bullish sentiment that pushed its price to an all-time high of $294.33. After achieving the feat on Jan. 19, supported by the hype of surprise meme coins on the blockchain, SOL has experienced a price decline.

Solana (SOL), known for its high-speed blockchain operations, has experienced a rollercoaster of price movements, culminating in a notable drop from its all-time high (ATH) shortly after Donald Trump's inauguration. To understand this phenomenon, one must consider the confluence of market dynamics, political influences, and the speculative nature of cryptocurrency investments.

Cardano (ADA), the popular blockchain platform known for its innovative approach to cryptocurrency, is gaining renewed attention in the market, with predictions from seasoned analysts signaling the potential for a major bull run. Veteran trader and chart analyst Peter Brandt has recently voiced his belief that ADA has bottomed out and is on the cusp of a significant rally, driven by strong market indicators and an anticipated altcoin season.

In a recent development, asset manager REX Shares has applied for a flurry of crypto-related exchange-traded funds (ETFs) with the US Securities and Exchange Commission (SEC). The filing included applications for ETFs that will offer XRP, SOL, DOGE, and BONK to institutional investors.

Solana's total value locked (TVL) has exceeded $10 billion, for the first time since the FTX collapse, which sent shockwaves across the crypto ecosystem.

The crypto world is abuzz with positive sentiment as trading volumes skyrocket. Donald Trump is said to have bought over $48 million worth of ETH, which has caused ripples in the market. But that is not all. Solana (SOL) reached a new all-time high on Sunday. It is among the top gainers right now.

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Coinbase's infrastructure is once again under fire after Solana deposits are delayed, highlighting recurring issues with the platform's performance.

Hedera (HBAR) joined Cardano (ADA) as an underperformer, declining 2.4%.

The rates of most of the coins are falling today, according to CoinStats.

The rise of Trump meme coins has led to a battle between Ethereum and its rivals, particularly Solana.

Solana hits new all-time highs in both TVL and DEX volume after the explosive debut of TRUMP and MELANIA on the crypto market.

Coinbase CEO Brian Armstrong said the crypto exchange is working hard to scale up amid a surge in activity on Solana.

As one of the large-cap crypto assets with a lot of followers, Cardano has been one to watch during the recent bull market. However, there might be much more upside for ADA in the coming months.

The recent explosion in adoption on Solana seems to have awakened Ethereum developers, who are now calling for a hastening of the ecosystem's innovation processes. Dankrad Feist, a researcher at the Ethereum Foundation, recognized that the current upgrade roadmap was “too unambitious.

The first day after Jan. 20 did not start as planned for the cryptocurrency market. With no announcement of the Bitcoin Strategic Reserve, the only thunderous event was someone depositing almost a quarter of a billion dollars worth of Solana (SOL) tokens on the leading U.S. crypto exchange Coinbase.

The cryptocurrency market has been on an impressive run lately, and Cardano (ADA) has not been left behind. While it hasn't yet reached new all-time highs, the recent performance of ADA has caught the attention of traders and analysts alike.

Bitcoin (BTC) has registered a notable decline after surging to a new all-time high on Monday. BTC rose sharply on Monday to register a new all-time high of $109,114 in the lead-up to Donald Trump's inauguration.

The year 2024 was pivotal for digital assets, with numerous historical milestones achieved. The latest data shows that blockchains collectively generated $6.9 billion in fees in 2024.

An analyst known for making timely crypto calls is sounding the alarm about the possibility that the asset class may be hovering close to a bull market peak.

Solana increased its real economic value, further establishing its position as a chain for fast meme trades.

Solana (SOL) has begun the week with strong bullish momentum, signaling that a new all-time high could be on the horizon. As the crypto market sees an uptick in price action, Solana is experiencing heightened demand, with its price rebounding to $270 after briefly dipping to $295.

Cuban government's X account has promoted a token that is now rug-pulled, leaving investors in losses.

Coinbase, the largest US-based crypto exchange, is being criticized by users for significant delays in processing Solana (SOL) transactions.

Coinbase has announced that $SOL deposits could take up to 1,061 minutes to process, or roughly 17 hours and 41 minutes. This news has left many scratching their heads for a blockchain that prides itself on speed.

The recent Solana transactions on Coinbase have experienced significant delays, triggering reactions among users.

Coinbase users have experienced significant delays with Solana transactions following the launch of memecoins by former President Donald Trump and his wife Melania.

Disgruntled Coinbase users have taken to social media to voice their anger over massive delays in Solana withdrawals from the exchange.

Rivalry has added support for the TRUMP Solana meme coin, with bettors earning extra NUTZ rewards towards the upcoming RVLRY token airdrop.

As markets mulled Melania Trump's meme coin, Solana-based applications like Jupiter and Phantom experienced degraded performance.

The TRUMP token's meteoric surge is reshaping the market and helping Solana's rise.

Some Coinbase users report Solana transfers taking hours to clear on the crypto exchange.