Rising Solana Tide Surges 58% in Second Strong Week
After collapsing more than 80 percent over the course of last year, Solana is having a stellar in 2023. The price of SOL has more than doubled this month, rising more than 58 percent to $23.70 in the last seven days, according to CoinGecko.
Solana Gains 40% As Crypto Market Continues Its Recovery
According to data by CoinGecko, SOL has gained 40% in the last 24 hours, sparking excitement across the entire Solana ecosystem. Although it remains unknown how long the altcoin can sustain such momentum, these significant price gains indicate an increasing positive sentiment from investors.
Crypto Market Cap Taps $1 Trillion As Solana, Polkadot Explode Double Digits
The rally from the past two weeks has pushed the cumulative market cap of all crypto assets to above $1 trillion for the first time since the FTX debacle.
Solana Foundation Warns About Security Incident With Mailchimp
Solana Foundation, the non-profit organization of the Solana Network, disclosed on Jan. 14 a security incident involving its email service provider Mailchimp.
Over $450M Shorts Liquidated in 24 Hours As Crypto Market Extends Rally
According to data by CoinGlass, short traders suffered around $457 million across major centralized exchanges over the past day. Crypto exchange OKX took the lion’s share of these liquidations at over $241 million, followed by Binance at $116 million.
Solana Looks To Move Back Into Top 10 As SOL Gains 36% Over Past Week
Solana (SOL) seeks to move back into the top 10 cryptocurrencies after temporarily flipping Polygon market cap on Jan. 14.
$SOL: Citi Says Solana’s Transaction Activity Is at Pre FTX Collapse Levels
Citi (C), in a research study published on Thursday (12 January 2023), stated that despite the fact that an estimated 50 million Solana (SOL) coins are stuck in the Chapter 11 proceedings of cryptocurrency exchange FTX, there is still a significant amount of activity on the Solana blockchain.
Citi Says Solana Blockchain Activity Remains High
Activity on the Solana blockchain remains high even though there are an estimated 50 million solana (SOL) tokens locked in crypto exchange FTX’s Chapter 11 proceedings, Citi (C) said in a research report Thursday.
Solana ($SOL) Active Addresses Jumped Nearly 30% Since 2023 Started, Data Shows
The 7-day average active addresses on the Solana ($SOL) ecosystem has surged from 378.2 million at the end of last year to 490.5 million as of January 7 representing an increase of 29.7% in so little time.
Solana Begins To Recover As On-chain Activity Rises
With the recent hype and increase in meme coins on Solana over the past weeks, the network has gained a significant amount of momentum, pushing it to an uptick both in on-chain activity and trading volume.
