“Many whales unstaked and dumped SOL today,” reported blockchain analytics platform Lookonchain on April 4. It highlighted four transactions of over $3 million worth of the Solana native token, the largest of which was a whopping 258,646 SOL worth around $30 million. The Solana selloff has been a result of the meme coin bubble bursting
The social media buzz around Solana (SOL) has reportedly reached a fever pitch, buoyed by GameStop’s $1.3 billion Bitcoin (BTC) play and BlackRock’s recent expansion onto the blockchain. This surge in institutional interest has fueled overwhelmingly positive sentiment toward Solana, with Santiment reporting a near-record high 18:1 positive-to-negative sentiment ratio. Institutional Backing Boosts Solana’s Appeal
Pump.fun’s decentralized exchange (DEX), PumpSwap, has achieved record-breaking numbers, with a daily volume of $426 million and 243,000 users. The Solana-based platform also collected more than $1 million in fees, including $213,000 in protocol charges on March 24, marking its best performance since its launch. Despite the success, its market share of 14.5%, as captured
Popular meme coin launcher Pump.fun has unveiled PumpSwap, a decentralized exchange (DEX) built on Solana. The new platform promises frictionless token migrations with zero fees and enhanced liquidity, positioning itself to challenge Raydium directly, Solana’s dominant DEX. What PumpSwap Brings to the Table In a post on X introducing the service, Pump.fun stated that it
SOL’s price performance over the past 24 hours has been in line with that of the rest of the cryptocurrency market and remains largely in red. Let’s check out some of the more important Solana ecosystem news. Raydium launches Pump.Fun competitor Raydium – Solana’s most popular decentralized exchange – saw a surge in its token’s
The price of Raydium’s RAY token shot up 28% after reports emerged that the Solana-based decentralized exchange (DEX) was planning to launch a rival meme coin platform, LaunchLab, to compete with Pump.fun. It follows rumors that Pump.fun is testing its own automated market maker (AMM), potentially threatening the exchange’s revenue stream. The Battle for Solana’s
The Solana Foundation has removed an advertisement from its official X account following criticism over its political messaging on gender identity. The ad, posted on March 17 to promote the Solana Accelerate conference, attracted negative commentary from the crypto community for its references to gender and pronouns. Solana Co-founder Disapproves of the Campaign The video
The Solana ecosystem witnessed a historic moment in crypto governance as stakeholders overwhelmingly participated in a crucial vote on inflation reform, ultimately rejecting the proposal despite its significant impact. The SIMD-228 proposal aimed to transition Solana’s inflation system from a fixed schedule to a dynamic, market-based model. However, it failed to secure the necessary 66.67%
For the third week in a row, digital asset investment products have seen investors pull out funds. This past week alone marked a historic $2.9 billion in outflows which pushed the cumulative figure to $3.8 billion over three weeks. CoinShares stated that this reversal is likely influenced by the recent security incident at Bybit, hawkish
Solana Foundation Executive Director Lily Liu has raised concerns over SIMD-228, a proposal to adjust the emissions of the network’s native SOL token based on staking participation, calling it “too half-baked.” However, Solana co-founder Anatoly Yakovenko holds a different view, standing by the plan despite their disagreement. Liu Criticizes SIMD-228 In a lengthy thread on