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news-imageMarch 5, 2025

Solana (SOL) Price: Breaks Key Resistance as Whale Transfers $71.95 Million

SOL breaks key resistance while a whale moves $71.95M to Coinbase Institutional, as technical indicators turn bullish and the network outpaces Ethereum with 73.4 million monthly active users.
Publisher: Blockonomi
Sentiment: Positive
SOL

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Crypto market update: Bitcoin, Ethereum, Solana, XRP rise ahead of Trump's crypto summit

The cryptocurrency market surged on March 6, adding nearly 4% in value as investor sentiment improved following US President Donald Trump's announcement of a national crypto reserve. This initiative, which includes Bitcoin (BTC), Ethereum (ETH), Solana (SOL), and XRP, has fuelled optimism after February's sharp decline triggered by trade war concerns.

Negative
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Solana's New Proposal Could Slash Validator Revenues by 95%!

On March 6, 2025, Solana validators will vote on two major proposals aimed at modifying the network's economy and the reward system for stakers. These proposals, known as Solana Improvement Documents (SIMDs), are generating intense debate within the crypto community, particularly due to their impact on validator revenues, which are set to decrease dramatically.

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