The Solana market cap faces potential halving due to an upcoming $2 billion token unlock, exacerbated by recent negative sentiment from the LIBRA memecoin incident. Analysts warn of increased selling pressure, while investors are shifting focus to Remittix, a promising PayFi token offering innovative cross-border payment solutions. With Remittix priced at $0.0628 in presale, forecasts suggest significant gains ahead.
about Solana Market Cap Faces Challenges as Remittix Gains Momentum in PayFiPantera
0 in Finance and 0 in Crypto last weekSolana Faces Pressure as FTX Prepares to Unlock 11 Million SOL Tokens
Solana’s market sentiment worsens as FTX prepares to unlock 11.2 million SOL, valued at nearly $2 billion, on March 1, increasing the circulating supply. Amid ongoing concerns over insider trading and a recent rug pull incident, analysts warn that potential liquidation by major buyers could further depress prices, with Solana trading down 10% in the past week.
about Solana Faces Pressure as FTX Prepares to Unlock 11 Million SOL TokensSolana DEX Volume and SOL Price Decline Amid Market Uncertainty
Solana’s decentralized exchange (DEX) volumes plummeted to a five-week low of US$2.61B, with on-chain activity down 28% amid market uncertainty, while SOL’s price dropped 14% to around US$169. The decline is exacerbated by the upcoming release of 11.2 million SOL from FTX’s bankruptcy auction, prompting investor caution, and waning interest in memecoins following the LIBRA crash, which has further shaken market sentiment.
about Solana DEX Volume and SOL Price Decline Amid Market UncertaintyVeterans Launch Altius Labs to Support Crypto Projects Like Solana
Anit Chakraborty and Annabelle Huang, veterans from the quantitative trading sector, have launched Altius Labs to assist crypto projects in emulating the success of the Solana network. They secured $11 million in a pre-seed funding round co-led by Peter Thiel’s Founders Fund and Pantera, utilizing a SAFE agreement and token warrants.
about Veterans Launch Altius Labs to Support Crypto Projects Like SolanaMeme Coin Decline Raises Concerns for Solana’s Market Stability
Solana is experiencing heightened selling pressure and negative sentiment, largely due to the decline of the meme coin market, which has led to increased volatility and investor caution. A recent rug pull involving the LIBRA meme coin has further shaken confidence, contributing to a 10% drop in SOL over the past week and a 40% decline from its January peak. As trading volumes on decentralized exchanges plummet, Solana faces a critical moment to regain investor trust or risk further downside.
about Meme Coin Decline Raises Concerns for Solana's Market StabilitySolana Faces Selling Pressure Amid Token Unlock and Market Concerns
Solana faces significant challenges as a $2 billion token unlock approaches, potentially increasing selling pressure amid negative sentiment from the recent LIBRA memecoin incident. Analysts warn that major stakeholders may sell their allocations, with futures traders aggressively shorting SOL, reflecting a bearish outlook. If Solana fails to maintain key support levels, it could see further declines, marking a precarious period for the cryptocurrency.
about Solana Faces Selling Pressure Amid Token Unlock and Market ConcernsSolana Faces Supply Pressure as Key Support Levels Are Tested
Solana (SOL) has faced significant pressure, dropping below $200 amid the Libra rug pull controversy and struggling to maintain the $182 support level. With a potential unlock of 11.2 million SOL tokens on March 1, further selling pressure looms, risking declines to $161, $150, or even $135 if the $180 support fails. Despite bearish momentum, a resilient RSI hints at a possible bullish divergence, suggesting a potential turnaround could test the $200 mark again.
about Solana Faces Supply Pressure as Key Support Levels Are Tested