Backpack Exchange has sent 235,000 SOL to the address starting with BbHG9G
According to Tom Wan, an analyst at 21co, on November 19th, the SOL balance on Backpack Exchange plummeted and the exchange sent 235,000 SOL to an address starting with BbHG9G, which may be a cold wallet.
Protocol Village: Neon EVM (on Solana) to Support Gas Fee Payments in Several Tokens
The latest in blockchain tech upgrades, funding announcements and deals. For the period of Nov. 16-22, with live updates throughout.
A giant whale canceled the pledged 2.16 million SOL and transferred 1.3 million SOL
According to Lookonchain monitoring, the whale "H4yiPh" cancelled the pledge of 2.16 million SOL (128 million US dollars) and transferred 1.3 million SOL (77 million US dollars). Among them, 312,868 SOL (18.56 million US dollars) was deposited into Binance and Kraken. The whale still holds 863,000 SOL (51.5 million US dollars) in its wallet, and its pledge amount is 9.86 million SOL (584 million US dollars).
A whale unsecured more than 500,000 SOL and transferred it to CEX
On November 16th, Lookonchain monitoring reported that a whale had unstaked 505,034 SOL tokens (worth approximately $31.7 million) and transferred most of them to Binance and Kraken. The whale still has 2.9 million SOL tokens staked, worth approximately $184 million.
Cathie Wood: Solana is faster and more cost-effective than ETH
Cathie Wood, CEO of ARK Invest, described Solana as a major infrastructure participant in the broader blockchain ecosystem, and added that it has been doing "very well" under recent market conditions. Cathie Wood said that ETH is faster and cheaper than BTC, which is why we get ETH. Solana is faster and more cost-effective than ETH.
Certik Discovers Critical Vulnerability in Solana's Saga Phone, Endangering Digital Assets
Blockchain security firm Certik has discovered a critical vulnerability in Solana's Saga Phone, which endangers digital assets stored on the device, including sensitive cryptocurrency private keys. The vulnerability arises from the phone's security relying solely on its operating system, and the 'bootloader unlock' feature becomes a gateway for attackers to install custom firmware embedded with a root backdoor. More than 2,100 devices are potentially at risk, and the Solana Foundation has not publicly responded to these findings. This revelation significantly affects Solana's ambition of creating a crypto-centric smartphone, and the situation demands immediate attention to rectify the current vulnerability and reassess the overall security framework of the device.
SOL rose back above $60, with a 24-hour increase of 16%
According to OKX market data on November 15th, SOL rose above $60 again and is now priced at $60.71, with a 24-hour increase of 16%.
Solana's market value surpasses USDC
According to Coingecko data, the current market value of Solana has reached about 24.17 billion US dollars, surpassing USDC, and currently ranks sixth in the cryptocurrency market value rankings, second only to Bitcoin, Ethereum, Tether, BNB and XRP. At the time of writing this article, SOL was temporarily reported at 57.57 US dollars, with a 30-day increase of 163.1%.
Solana Foundation will release an exclusive ecological funding plan for Chinese-speaking areas, totaling US$1 million
On November 14th, the Solana Foundation will announce an exclusive funding program for the Chinese-speaking community at the four-day Hong Kong Hacker House. The total funding amount is one million US dollars, aimed at helping the Solana ecosystem in the Chinese-speaking community and providing flexible and comprehensive funding and resource support for developers and startups. This funding program will be open to all Solana ecosystem builders from the Chinese-speaking community, and the application channel will be announced later on Solana's Chinese-language Twitter.
Parcl: Parcl V3 version has been launched on Solana
On November 14th, Parcl, a real estate digital investment platform based on Solana, announced the launch of its Parcl V3 version on Solana, which features perpetual futures DEX, cross-margin accounts, unified LP, enhanced liquidity provider protection, and more.
