The total value locked on Solana surged but is this enough to send SOL price to a new all-time high? Solana’s native token, SOL , has been unable to break above the $150 resistance level since Aug. 12. However, some network metrics have shown strength, including the total deposits in its decentralized applications, which have surged…
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MRGN Research’s Ben Coverston says the Solana-based MEV bot has made an active effort to date to keep a low profile. The infamous maximal extractible value (MEV) sandwich bot known as “arsc” has pocketed around $30 million from Solana users in the last two months through MEV attacks. An MEV sandwich attack occurs when an…
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Solana’s price has jumped by over 4.80% in the last 24 hours to reach an intra-day high of around $173 on May 29. After its latest climb, the cryptocurrency is looking to post 35-40% returns by the end of the month, its best since December 2023. SOL/USD four-hour price chart. Source: TradingView The uptick in SOL’s value…
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SOL price is down today as a wider crypto market correction takes place, and investors voice their displeasure with recent airdrops in the Solana ecosystem. Solana’s native token, SOL , saw a 9% increase on May 9, closing at $155, though it faced stronger resistance than anticipated. By May 10, SOL’s decline to $148 showed…
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Open interest in Solana is down 21% compared to the previous day as its price dips below levels unseen in over 30 days. Solana open interest (OI) and its price have declined in the past 24 hours, mirroring a broader decline across the cryptocurrency market. However, traders are remaining optimistic, viewing it as a “good opportunity.”…
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The Solana network appears to be struggling to keep up with a ravenous demand for memecoins, with data showing roughly 75% of transactions on the network currently failing. Roughly three-quarters of all transactions on the Solana network have been failing amid a deluge of activity brought by the recent memecoin mania on Solana; however, proponents…
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Solana price has been rocky over the past two weeks but user activity on the network continues to increase. Solana’s SOL local token, SOL, has encountered a 9.8% decay between Jan. 30 and Feb. 1, neglecting to break over the $104 obstruction for the fifth time in about a month. While considering a more drawn…
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Knowing the inconsistencies between Solana versus Ethereum is principal for merchants looking for improved exchanging results and a more profound cognizance of the market. The two stages offer a flexible programming climate for dApp (decentralized application) engineers to make applications and tokens. However, upon closer assessment, unmistakable elements arise, separating the two undertakings. We should…
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Solana’s local symbolic SOL dropped under $100 because of decreased interest for the organization’s DApps and negative SPL token exhibitions. Solana’s local symbolic SOL encountered a 22% dive in only eleven days subsequent to coming to $126.30 on Dec. 25, 2023. A few examiners might contend that the bullish energy continues, as its ongoing cost…
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On-chain data shows that about $528,000 has already been cashed out, while the remaining tokens worth about $1.5 million remain in the trader’s wallet. A Solana dealer who began with an equilibrium of just 1.5 SOL hit it big subsequent to putting one token on a mythical serpent themed memecoin on the Solana blockchain. On…
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