Bitcoin is currently hovering just above $83,000, amidst a wave of liquidations worth about $2 billion. Heavy outflows from spot ETFs followed, with $903.1 million leaving Bitcoin funds and $261.6 million exiting Ethereum products. Summary Bitcoin’s realized losses have surged, mirroring the FTX collapse. Ethereum, Solana, and XRP face high selling volume. Institutional interest remains,…
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Solana spot exchange-traded funds are a hot anticipation, and one by REX Shares featuring staking could go live this week, Bloomberg analyst James Seyffart has said. James Seyffart posted on X on June 30 that the first Solana sol1.22%Solana spot ETF with staking is likely to launch for trading as early as this week. The Bloomberg analyst’s comment comes…
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Solana-based memecoin launchpad and trading platform Pump.fun’s total SOL deposits to Kraken amount to over $660 million: Is this a massive profit cash out or liquidity play? According to on-chain data, Solana-based memecoin generator Pump.fun quietly moved 132,180 Solana sol4.19%Solana, worth approximately $20.87 million, to Kraken on June 10, sparking speculation about its established pattern of revenue…
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Solana rallied after bottoming at $94.50 in April as demand for its token and meme coins jumped. Solana sol0.19%Solana rose to $170 at last check on Saturday and is now hovering at its highest level since March 3 this year. The rally has coincided with the ongoing crypto and stock market bull run. Bitcoin and most altcoins…
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Pump.fun, the Solana-based meme coin launchpad, deposited 65,122 SOL ($11M) adding to its substantial exchange activity. According to a Feb. 20 X post by on-chain analytics firm Lookonchain, the platform has now transferred 2.35 million Solana sol3.35%Solana ($473 million) to Kraken and sold 264,373 SOL for $41.64 million USDC, while its total earnings stand at 2.93 million…
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A rebound from the broader cryptocurrency market triggered a $170-billion recovery in valuation, spiking the market cap 8% to $2.26 trillion. Here are some of the most notable movers to watch this week. Solana reclaims $160 Last week, Solana sol-0.72%Solana surged 12%, reclaiming the $160 level and peaking at a two-week high of $162 on Aug. 24…
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Table Of Contents What is Algotech? Introduction to $ALGT and $ALGT Tokenomics Solana (SOL) Experiences Downtrend: Diminished Prospects Amidst Market Volatility? Cardano (ADA) Falters: Is ADA Losing Its Edge in the Crypto Market? In the rapidly evolving landscape of blockchain and cryptos, a new contender has emerged to challenge the established giants like Solana (SOL) and Cardano (ADA).…
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