FTX and Alameda Research have unstaked and distributed over 3 million Solana (SOL) tokens, their largest SOL unlock since November 2023. This move has sparked concerns about potential market implications as the defunct firms continue to liquidate their assets. The post FTX and Alameda Wallets Unstake 3 Million Solana Tokens: What's Going On? appeared first on Cryptonews.
Sacks' divestment highlights potential conflicts of interest and raises questions about transparency in government crypto initiatives. The post Trump's crypto czar David Sacks confirms divesting from Solana backer Multicoin appeared first on Crypto Briefing.
The cryptocurrency market was briefly invigorated over the weekend following President Donald Trump's announcement regarding the creation of a “crypto strategic reserve,” which would include tokens such as XRP, Solana (SOL), Cardano (ADA), Ethereum (ETH), and Bitcoin (BTC).
The crypto world is on edge as wallets linked to bankrupt exchange FTX and its trading firm Alameda Research just unstaked over 3 million Solana (SOL). This is the biggest SOL unlock since they started selling off assets in November 2023. With SOL already dropping 20% in the last 24 hours, panic is spreading.
The cryptocurrency market experienced a significant rally over the weekend, sparked by President Donald Trump's announcement regarding the inclusion of three additional digital assets—Solana (SOL), XRP, and Cardano (ADA)—in a future national “Crypto Strategic Reserve.” This news provided a much-needed respite for the market, which had been grappling with a downturn due to a series of challenges, including a memecoin debacle, a major hack, and ongoing tariff uncertainties.
The crypto market fell back into the red as its market capitalization dropped nearly 11% to $2.75 trillion, erasing all the gains made on Sunday after President Donald Trump's crypto reserve announcement. Sunday's rally began fading on Monday, with Bitcoin (BTC) and other altcoins sliding back to pre-weekend levels.
Solana (SOL) has been outperforming Ethereum (ETH) in terms of price performance. For instance, while Solana reached an all-time high in January 2025, Ethereum's last peak was in 2021.
The price of Solana declined for the second successive day on Tuesday, mirroring the wider crypto market slump. The decline came despite US President Donald Trump's announcement that Solana would be included in a proposed strategic Federal cryptocurrency reserve.
Surprise addition to the United States Strategic Reserve turned out to be a double-edged sword for Solana's price.
Leading cryptos retreated amid uncertainty around the details of President Trump's crypto reserve plans and upcoming tariffs.
Despite the volatility which still shrouds the cryptocurrency sector, tokens such as Solana (SOL) and Cardano (ADA) continue to attract attention. As we approach March 2025, investors are asking if these particular altcoins will be able to reach or even exceed their peak values.
Solana (SOL) has experienced a significant 16% drop driven by a broader market selloff and FTX's unstaking of $431.3 million worth of SOL tokens.
Over the last 48 hours, the cryptocurrency market has undergone a violent reversal, losing almost $500 billion in market capitalization. Three of the most popular altcoins, Dogecoin, Solana and XRP, have experienced drops of up to 20%, leaving traders perplexed.
Trump seems to have taken a page out of his real estate negotiations in pitching XRP, ADA and SOL as candidates for crypto reserve to win over approval for bitcoin.
Announced on March 4th, 2025, this collaboration marks a significant step forward for both companies in the rapidly evolving crypto landscape. Through this agreement, Neptune will leverage Sol Strategies' advanced blockchain infrastructure to optimize its Solana staking operations.
Solana faces uncertainty in the short term thanks to a variety of factors.
Solana (SOL) made headlines recently when it surged 24.4% in a single day, reclaiming the $180 mark after a strong impulse move. This rally was driven by the declaration of its potential inclusion in the U.S. Strategic Crypto Reserve, an event that injected fresh optimism into the market.
Monday came with a fresh air of hope and optimism for the general crypto market, as President Donald Trump revealed plans for a US crypto strategic reserve.
According to analysts, given the anticipated hefty bullish run across the cryptocurrency market, Solana's value can increase tenfold relative to its current price, achieving an impressive target of $2000 in 2025. The shortened transaction times and low fees boost Solana's popularity among developers and investors.
$3,000 worth of Solana (SOL) in 2025 may not be your ticket to millionaire status. Even if Solana hits $500, a 5x increase, your money will only be equal to about $15,000, with Solana's current price of $144. That's great, but not exactly a life-altering sum of money.
The recent statements by Trump on new tariffs against Canada, Mexico, and China have generated a wave of selling of crypto assets.
Solana's price retreated from $180 to $140 amid FTX's $431 million token unlock, though technical indicators suggest support at $120 may prevent further decline.
Since the beginning of the year, Solana (SOL) has been on a turbulent price ride. At first, it rose to a new ATH but crashed 53% amid a broader market correction and is struggling to recover.
The sharp reversal aligned with a cautious mood among traders after Monday's market rally following the ambitious plan, as a CoinDesk analysis previously noted.
A deeper retracement remains likely, with $155 and $145 emerging as critical support levels to watch.
The cryptocurrency market saw a sharp selloff on Tuesday, wiping out recent gains across major digital assets. Bitcoin (BTC) once again dropped to the $84,000 level, reversing its rally after former US President Donald Trump's announcement regarding a crypto reserve.
Onchain data has revealed that FTX/Alameda has unstaked 3.03 million SOL and transferred to multiple wallets on March 4. The firm also noted that 37 wallets received the $421.3 million unstaked SOL.
Solana started a fresh decline from the $180 zone. SOL price is down over 20% and might struggle to recover above the $150 resistance.
Economic uncertainty and trade tensions may dampen investor confidence, potentially leading to prolonged volatility in crypto markets. The post Crypto market in free fall ahead of Trump tariff deadline—XRP, ADA, SOL post double-digit losses appeared first on Crypto Briefing.
Cryptocurrency prices were on edge on Tuesday, mirroring the performance of American stocks. Bitcoin price plunged to $84,000, a big drop from the weekend high of over $100,000. The total market cap of all cryptocurrencies tracked by CoinMarketCap plunged by over 10% to $2.77 trillion, while liquidations jumped.
Solana (SOL -21.86%) has been giving up ground over the last day of trading. The cryptocurrency's share price was down 19.4% over the previous 24 hours as of 6:45 p.m.
The cryptocurrency market's focus has once again shifted to Bitcoin as it looks to regain its bullish momentum. A significant recovery ensued following a steep correction that saw Bitcoin momentarily fall below $92,000, driven by the U.S. announcement of a strategic crypto reserve.
The cryptocurrency market has experienced significant volatility recently, and Solana (SOL) has been one of the standout performers, making noticeable gains. As of today, SOL has risen by 15.92%, catching the attention of traders and investors alike.
President Trump's plan to create a strategic reserve of altcoins—and not solely Bitcoin—is puzzling analysts at Bernstein.
Solana price is in the spotlight as the wallets linked to the bankrupt FTX Derivatives Exchange have received a massive SOL stash in a significant headwind for the coin. According to an update from Arkham Intelligence, the wallets tied to the FTX and Alameda Research Estate received 3.033 million Solana from an unidentified address.
President Donald Trump's influence is being felt in the crypto markets, with coins falling alongside stocks ahead of tariffs taking effect.
White House AI and crypto czar David Sacks confirmed he owns no crypto assets, having sold off everything before US President Donald Trump took office.
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Gemini co-founder and CEO Tyler Winklevoss has discussed using altcoins like Solana (SOL), Cardano (ADA), and XRP in strategic crypto in the United States. His comments come amid the growing debate on the suitability of these assets and Bitcoin in a national digital assets stockpile.
Tyler Winklevoss, co-founder of Gemini, has publicly questioned the inclusion of XRP, solana (SOL), and cardano (ADA) in a proposed U.S. strategic crypto reserve. Winklevoss Criticizes Trump's Proposed Crypto Reserve Inclusion of XRP, SOL, ADA Over Suitability President Donald Trump, the 47th U.S.
ADA, XRP and SOL are seeing profit booking just a day after rallying following President Trump's US strategic crypto reserve announcement. Is the market headed toward new lows?
Solana (SOL) has delivered a dramatic shift in market structure, breaking above a descending parallel channel that had dominated its price action for several weeks. Ali Martinez (@ali_charts), who shared the attached four-hour chart, suggests that this breakout could position the token for a potential climb toward $213.
President Donald Trump announced the inclusion of XRP (Ripple), SOL (Solana), and ADA (Cardano) in a new U.S. Crypto Strategic Reserve, triggering a surge in their market value.
The crypto markets witnessed huge volatility in the past couple of days, which increased the global market capitalization to above $3 trillion. Bitcoin's price surged above $95,000, which prevented the price from falling from an extended bearish trend.
Altcoins soar as Bitcoin reclaims $93.5K amid Trump's Crypto Strategic Reserve. Can ADA hit $1.63, SOL rally to $260, and XRP break $4.26?
The Trump pump may prove to be short-lived, as Bitcoin, Ethereum, and other major assets are cooling off following Sunday's surge.
Here's the summary of the top three crypto news stories over the past weekend presented to you by U.Today.