Solana Financial News

Solana, the cryptocurrency that almost died amid the collapse of Sam Bankman-Fried’s FTX exchange. Trading volume over Solana’s blockchain reached the highest in more than two years on March 15, with memecoins such as Slerf, Boom of Meme, Snap and Dogwifhat leading activity on decentralized exchanges, according to data compiled by CoinMarketCap and DEX Screener. Slerf alone accounted for nearly $2 billion in volume in the last 24 hours, according to DEX Screener, which said total volume on Solana over that time nearly touched $11 billion.

Monday, March 18th, 2024 – New Solana meme coin $SMOG ends Season 1 of its airdrop on April 3rd 2024 with a speculated value in the order of $1 million, pushing the price up 28% to $0.2253. To get the free tokens up for grabs in the airdrop there are a multitude of quests to choose from to get going. The $SMOG airdrop rewards are based on the weighting of each individual’s participation in the quests available on Zealy. Only Season 1 is solely based on Zealy participation. Quest can vary from inviting friends to take part in the airdrop to writing comments on the Smog community page at CoinMarketCap , or simply visiting the Smog website. There’s something for everyone to get involved in. Users can even make a video to pump up their quest score, which is measured in XP points. Send the video to TikTok and earn even more XPs.  All those new to the $SMOG community still have plenty of time to rack up their XP scores.

The world of meme coins is experiencing an unprecedented surge with Solana emerging as a preferred venue for these speculative cryptocurrencies. 

Solana’s native token saw am impressive increase in the past 24 hours despite wider market consolidation, exceeding $200. SOL is up 10.33% in the last 24 hours and is currently trading at $204.16 at press time, per CoinMarketCap.

Solana’s price prediction gains attention amid broader industry developments, such as Marathon Digital’s strategic expansion and legislative appeals to the SEC regarding cryptocurrency ETFs.

Solana is trading at 180.72 increasing by nearly 4% on Friday.  The recent surge in Solana (SOL) prices can be attributed to the explosive rise of meme coin excitement, notably propelled by Dogewhatif (WIF).

Binance has announced the integration of the Solana network into its Web3 Wallet. 

Franklin Templeton’s recent study explores the close bond between meme coins and their respective blockchains, including Solana and Ethereum.

SOL has broken the $150 resistance level, with the Solana price reaching $152.06 today and recording a 15% gain in a week.

Tensor, an NFT marketplace on Solana launched in 2022, is planning to launch its governance token dubbed TNSR.

In a move that may help bring blockchain technology to the mainstream, a novel virtual smartphone application called the Aphone app has launched on Solana.

Find out all you need to know about the Solana ecosystem and SOL price action in February 2024 in this comprehensive report.

Crypto asset manager Pantera Capital is seeking funding from major investors to purchase Solana (SOL) tokens at a discounted rate from the bankrupt FTX estate.

The decentralized exchange (DEX) trading volume on the  Solana (SOL)  blockchain has skyrocketed, surpassing the $2 billion mark for four consecutive days, with a record-breaking trading volume of $2.85 billion achieved on March 5. 

Solana (SOL) has emerged as a standout performer, with its price doing a 10X surge. This surge in price, particularly in the aftermath of the FTX collapse, has been remarkable. This is a story of Solana's resilience but also highlights how it survived a particularly bleak crypto winter. Let's do a deep dive into the factors driving Solana's ascent and speculate on its future. Founded in 2017 by former Qualcomm engineer Anatoli Yakovenko, Solana's original vision was to challenge centralized financial systems. Developed by Solana Labs and overseen by the Swiss-based Solana Foundation, its mission is to serve as a decentralized counterpart to traditional stock exchanges. Over time, this vision has expanded to cover decentralized finance (DeFi), non-fungible tokens (NFTs), and crypto payments. Solana's mainnet went live in March 2020, leveraging a proof-of-stake mechanism complemented by a unique proof-of-history (PoH) technology. This combination enables Solana to process transactions at a theoretical peak of 710,000 transactions per second, a feat of engineering that positions it as one of the fastest blockchains in existence. Despite its decentralization, with nearly 2,000 validators, concerns have been raised about the centralization of transaction processing and storage.

Crypto traders looking to turn a quick profit are hunting for the best meme coins to buy, but they face a dilemma.

Binance, the world’s largest cryptocurrency exchange, has temporarily suspended withdrawals to the Solana network due to an “increased volume of transactions.” 

Bulls are on parade as Bitcoin (BTC) looks set to make a new all-time high, and Solana meme coin markets are leading the charge, hosting play to countless skyrocket pumps in recent weeks.

In an exclusive interview with Cryptonews, Matty Taylor sat down with Cryptonews Podcast host Matt Zahab to discuss Colosseum, the independent organization he co-founded.

Tearaway dragon coin $SMOG set a new all-time high (ATH) and breathed its fiery plenty onto holders this weekend as it hit three major milestones en route to the biggest airdrop of the year.

SOL has risen by 3% in the past 24 hours, with the Solana price rallying to $134 as ongoing Bitcoin ETF-related bullishness pushes the entire market higher today.