Solana at a Breaking Point: Fading Memecoin Hype and Alameda Unlocks Test the...
Solana (SOL) is once again under intense market scrutiny as a combination of fading memecoin activity, declining user engagement, and continuous token unlocks by Alameda Research puts pressure on one of crypto’s strongest 2025 performers. Related Reading: Ethereum Ready To Explode To $12,000 By January, Says Tom Lee While institutional inflows via ETFs remain robust, Solana’s ability to defend key technical levels, particularly the $140–$150 demand zone, will determine whether the asset stabilizes or slides into a deeper correction. Memecoin Cooldown Sends User Activity to One-Year Low....
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On Thursday, the Bitcoin price fell toward the $98,000 mark, with November shaping up to mirror October’s performance as the market’s leading cryptocurrency continues to hit lower lows over the past month, confirming a prevalent downtrend in the market. Bitcoin Price Uncertainty Grows Post-Government Shutdown This downturn is indicative of growing market uncertainty, particularly following President Donald Trump’s signing of a bill that ended the longest government shutdown in US history on Wednesday. Related Reading: Solana at a Breaking Point: Fading Memecoin Hype and Alameda....
Solana is drawing renewed market attention after on-chain data revealed fresh activity from Alameda Research wallets. According to blockchain analytics platform Arkham, Alameda recently unstaked approximately $17 million worth of SOL and transferred the tokens to its bankruptcy-controlled accounts. These movements are part of the firm’s ongoing asset management process, as funds recovered from the […]
In a rather shocking development, hackers took over the Instagram accounts of some music celebrities to promote a fraudulent Solana-based memecoin. This incident comes after another high-profile market controversy involving Kanye West’s YZY token. Related Reading: EU Eyes Ethereum Or Solana For Accelerated Digital Euro Rollout: Report Celebrity Profiles Hacked, Memecoin Crashes After $900,000 Pump […]
Data shows the NFT weekly market volume has now plunged down to the lowest value since July of 2021. Is the non-fungible token hype fading? NFT Weekly Trading Volume Sinks To Lows Not Seen Since July Of Last Year As Bitcoin and the wider crypto market has continued to bleed recently, the non-fungible token sector […]
A user on X, arixon.eth, alleges that over 90% of Solana validators are subsidized heavily by the Solana Foundation and Alameda Research, the defunct trading wing associated with the bankrupt cryptocurrency exchange FTX. In a post on October 4, the analyst said the level of subsidy is “shocking” but will come to “harm SOL prices in […]