Solana (SOL) | ForkLog

ForkLog 17 19.11.2024

Trader Achieves 1,925-Fold Profit with ELIZA Token in Two Hours

A user earned $3.67 million within two hours by trading the ELIZA token, as noted by analysts at Lookonchain. Turned $1.9K into $3.67M in just 2 hours, a 1,925x return! This trader spent 7.84 $SOL($1.9K) to buy 89.19M $ELIZA, then sold 49.49M $ELIZA for 7,091 $SOL($1.72M), leaving 39.7M $ELIZA($1.95M). The trader is still actively selling […]

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ForkLog 16 18.11.2024

Record Daily Fees Propel Solana to December 2021 Highs

On the morning of November 18, Solana’s price surged past $245, a level last seen in December 2021. This was driven by the network’s highest-ever fees, totaling $9.3 million. Dynamics of TVL and fees in Solana. Data: DeFi Llama. The surge in network activity was fueled by renewed interest in memecoins. On November 17, crypto […]

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ForkLog 9 17.11.2024

VanEck Predicts High Likelihood of Solana-ETF Approval by 2025

The U.S. Securities and Exchange Commission (SEC) is expected to approve spot Solana-ETFs by the end of 2025, according to Matthew Sigel, head of digital asset research at VanEck, in a comment to the Financial Times. “I think the chances of Solana-ETF approval by the end of next year are extremely high,” he said. Sigel […]

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ForkLog 24 14.11.2024

Phantom Wallet Update Causes Token Access Issues for Some Users

A recent update to the non-custodial Phantom wallet for Solana resulted in app resets on iOS devices. Developers have cautioned that they cannot assist in recovering funds for those who have not backed up their seed phrases. We’re aware that a small number of iOS users are experiencing app resets. If you happen to be […]

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ForkLog 10 08.11.2024

Bitcoin Shows No Signs of Overheating, Says Expert

From a fundamental perspective, bitcoin does not exhibit “signs of overheating,” according to a report by Galaxy Digital, as reported by Cointelegraph. The expert noted the absence of a spike in funding rates for perpetual contracts and a moderate increase in OI across crypto derivatives. Data: Coinglass. According to Galaxy Digital, bitcoin and other cryptocurrencies […]

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ForkLog 30 08.11.2024

Coinbase Introduces cbBTC on Solana Network

The American exchange Coinbase has launched the tokenized bitcoin cbBTC on the Solana network. The bitcoin premium on the exchange turned positive for the first time in weeks, indicating growing demand among American investors. The increase in demand is also evidenced by the rise in open interest in the futures and options markets. Coinbase has […]

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ForkLog 6 08.11.2024

Solana Tests $200 Mark Following Trump’s Victory

In the early hours of November 8, Solana’s price reached the $200 mark, a level last seen in April 2024. The all-time high near $260 was recorded in November 2021. Hourly chart of SOL/USDT on Binance. Data: TradingView. Over the past 24 hours, the asset’s price increased by 6.9%, second only to Cardano (+19.2%) among the […]

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ForkLog 13 07.11.2024

Solana’s TVL Surpasses $6.6 Billion, Marking a 360% Increase This Year

The total TVL of decentralized applications within the Solana ecosystem has more than tripled since the beginning of the year, nearing the figures of Tron.

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ForkLog 6 31.10.2024

Canary Capital Seeks Approval for Solana-Based Spot ETF

The crypto investment firm Canary Capital has submitted an S-1 filing to the SEC for the registration of a Solana-based spot ETF.

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ForkLog 27 29.10.2024

Ethereum’s Layer 2 Solutions: A Double-Edged Sword

Constraints within Ethereum are driving users, applications, and capital towards Layer 2 networks and competing blockchains like Solana as demand for faster and more scalable solutions grows. This perspective was shared by Zeta Markets co-founder Anmol Singh in a conversation with The Block. “Ethereum’s Layer 2 is a result of the base infrastructure being insufficient […]

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ForkLog 12 21.10.2024

Peter Brandt Foresees Potential 27-Fold Surge for Solana

Solana could surge by over 2600%, reaching approximately $4500, if a “cup and handle” pattern materialises, according to technical analyst and Factor LLC head Peter Brandt. #5$SOL displays possible Cup and Handle with rectangle as HandleI am flat in this crypto pic.twitter.com/K0eRxs2aOd — Peter Brandt (@PeterLBrandt) October 21, 2024 Since hitting the cycle low near […]

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ForkLog 25 20.10.2024

Pump.fun Announces Future Token Launch Plans

The platform for launching meme tokens, Pump.fun, on Solana, has announced plans to introduce a native token in the future. This was stated by the project team, according to The Block. “We intend to ensure that we reward our earliest users. All earned funds are reinvested back into the platform. We want to create something […]

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