Solana’s decentralized exchanges have experienced a significant drop in trading volume, largely due to the decline in memecoin frenzy. Despite the decrease, stablecoins, SOL, and mid- to large-cap tokens remain prominent in the trading landscape. The recent surge in presales has also contributed to the blockchain’s activity, raising over 796,000 SOL in a span of 11 days. The emergence of offensive tokens has sparked debates around developers’ responsibility in monitoring decentralized exchange interfaces.
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0 posts last weekThe Rise and Risks of Meme Coins in the Crypto Market
Meme coins, once seen as a joke, are now gaining legitimacy with real institutions investing in them. However, these projects are at risk of facing scrutiny from the U.S. Securities and Exchange Commission due to potential security classification. Despite their growing popularity, the legal status of meme coins remains uncertain.
read moreSolana’s Price Surge Raises Questions About Network Progress
Solana (SOL) has experienced significant growth in both its network and price action, with the token surging over 368% year-to-date. The emergence of new consumer applications, airdrops, and decentralized exchanges on the platform has attracted a more sustained and engaged user base, potentially strengthening the sustainability of the Solana ecosystem. Prominent crypto analyst Ali Martinez has identified an ascending triangle formation on the chart, suggesting the potential for further price gains and a potential rally to $90, although caution is advised as a breach of the $60 support level could trigger a temporary price decline.
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