FTX Estate Plans Auction for Locked Solana Tokens
Bankrupt cryptocurrency exchange FTX is preparing to offload more of its locked Solana (SOL) tokens through an auction, diverging from its previous method of selling at a set price, as…
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Solana Developers Rush to Address Network Congestion; Operativity Remains Impaired
Anza, a collective of Solana-focused developers, has announced the measures it is taking to mitigate the congestion issues the network has been facing. Anza stated that it has made significant…
FTX Nets $1.9B in Solana Sale at $64 per SOL, Discount Price Draws Creditor Scrutiny
In a report informed by individuals close to the situation, the FTX estate has successfully liquidated $1.9 billion by offloading a considerable amount of solana (SOL), including tokens that were…
Solana Foundation Asserts Core Network Should Be Permissionless Regarding Offensive Meme Coin Issues
The Solana Foundation has given its take on the offensive meme coin issue that originates on the Solana blockchain. Austin Federa, head of strategy at the Solana Foundation, sustained that…
Buterin, Yakovenko and Gün Sirer: Crypto Creators Take on the Meme Coin Phenomenon
The meme coin phenomenon, where communities produce tokens with no other support than a meme behind it, has given rise to opposing opinions. These range from the most positive ones,…
Meme Coin Presale Trend Goes Wild on Solana: Almost $150 Million Raised
An investigation carried out by blockchain sleuth Zackxbt has found that the trend where individuals ask for funds on social networks and promote their meme coin launches has grown in…
Despite Broad Crypto Downturn, Solana Hits $200 Range and Overtakes BNB
Based on the latest metrics, the cryptocurrency landscape has experienced a widespread but modest downturn. Yet, the digital asset solana has risen by 12.2% in the last 24 hours and…
The Uphill Quest — Top Cryptos Face Significant Hurdles to Reclaim Peak Prices
As of Feb. 29, 2024, at 11:30 a.m. ET, bitcoin’s price stands a mere 9.5% shy of its record high of $69,044 per unit, achieved on Nov. 10, 2021. Below…
Lighthouse Protocol Aims to End Wallet Draining Attacks on Solana
Lighthouse Protocol, an initiative that simulates transactions, aims to end the security problems derived from using unknown smart contracts in Solana. The project, which is currently in its testing stages…
Solana Mobile’s Chapter 2 Reaches 100K Preorders, Guarantees Production
Solana Mobile, a smartphone-focused subsidiary of Solana Labs, has announced that its second mobile phone, Chapter 2, has reached 100k preorders in less than 30 days, hitting a milestone that…