Tag:

Solana

SEC may approve Solana ETF in coming weeks: report

by admin June 11, 2025

The U.S. Securities and Exchange Commission may approve a spot Solana exchange-traded fund within the next few months, according to multiple sources cited by Blockworks.

The SEC has reportedly asked prospective Solana (SOL) ETF issuers to submit amended S-1 registration statements by next week. One source suggested an approval could arrive within three to five weeks.

Two sources told Blockworks the agency will provide comments on the updated filings within 30 days. The changes focus on two key areas: how issuers plan to handle in-kind redemptions and whether staking will be incorporated into the ETF structure.

Notably, the SEC is said to be open to allowing staking as part of these products.

Bloomberg Intelligence analyst James Seyffart commented that approval could come as early as July, though the final deadlines for SEC decisions, based on the 240-day review period, extend to October. Seyffart said the agency may now be prioritizing 19b-4 filings related to Solana and staking ETFs sooner than originally expected.

Several asset managers are lining up to offer a Solana ETF, including VanEck, Bitwise, Fidelity, Grayscale, Franklin Templeton, Canary Capital, and 21Shares.

Solana following Bitcoin and Ethereum ETF plans

Grayscale is aiming to convert its existing SOL Trust into a spot ETF, following the blueprint it used for its Bitcoin (BTC) and Ethereum (ETH) products. The SEC formally acknowledged Grayscale’s Solana ETF proposal in February, a significant shift given its past resistance to such filings.

While the SEC delayed its decision on Grayscale’s Solana ETF in May, it stated it had not yet reached any conclusions. The delay was seen as procedural rather than a rejection.

Market observers took that as a positive sign, particularly after CME launched SOL futures in February, mirroring steps taken ahead of Bitcoin and Ethereum ETF approvals.

CME’s launch of SOL futures has already led to the introduction of SOL futures ETFs, including two from Volatility Shares.

Following the historic approval of spot Bitcoin ETFs in January 2024 and Ethereum ETFs in May 2025, attention has now turned to other top digital assets like Solana. The very existence of futures markets often paves the way for spot ETF approval, as seen with BTC and ETH.

Source link

June 11, 2025 0 comments

GameFi Guides

XRP and Solana Added to Nasdaq Crypto Index: Market Expansion Imminent?

by admin June 9, 2025

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

The Nasdaq Crypto US Settlement Price Index (NCIUS) was updated on June 2 to include four new cryptocurrencies: Solana ($SOL), Cardano ($ADA), Stellar ($XLM), and XRP ($XRP). Earlier, it had only included $BTC and $ETH.

While this is great news for the development of the broader crypto market, it ‘s caused an issue for the Hashdex Nasdaq Crypto Index US ETF (NCIQ). This ETF tracks the NCIUS index to provide weighted exposure in $ETH and $BTC.

Until now, it could replicate the index with precision and minimum divergence. However, even though the composition of NCIUS has now changed, the ETF isn’t permitted to track any assets other than Bitcoin and Ethereum. This has caused a mismatch between the fund’s objective and the index it is tracking.

NASDAQ has submitted a proposal to let NCIQ track the Nasdaq Crypto Index (NCI) instead of the current NCIUS. The NCI index also includes $SOL, $ADA, $XLM, and $XRP, as well as $LINK, $LTC, and $UNI.

The SEC is expected to respond by November 2, 2025. In any case, there’s no denying Wall Street is now adopting a more inclusive approach to crypto, looking at assets other than Bitcoin and Ethereum.

Bitcoin is a Great Buy Even at $106K

In other pro-crypto developments, John Deaton, an ace Bitcoin investor and XRP supporter, took to X to voice his analysis that $BTC ‘s a safer buy at $106K than it was at $20K.’ He believes that the risk-to-reward ratio is more favorable now than when Bitcoin was trading much lower.

Deaton also said that the current macroeconomic conditions will gradually undermine people’s confidence in fiat currencies. For example, growing national debt and exorbitant tariffs are big red flags for the cash economy.

In such a scenario, ‘digital gold’ emerges as a clear alternative.

First, $BTC’s supply is limited, so corporations and governments can’t manipulate it.
Secondly, companies and countries, both large and small, are racing to add Bitcoin to their balance sheets, pushing up the price.

Michael Saylor’s Strategy, for instance, now owns more than 580K $BTC, and 16 firms added it to their balance sheets just last week.

Governments across the board, like Ireland, Pakistan, and Ukraine, are considering creating their own Bitcoin reserves after the US announced it would pursue one.

All these signals show that Bitcoin is here to stay and only goes from strength to strength. If you, too, are keen on milking $BTC to the last possible drop, we’d like to introduce you to BTC Bull Token.

What Is BTC Bull Token?

BTC Bull Token ($BTCBULL) has taken a simple idea – to cheer on the greatest digital asset, Bitcoin – and transformed it into one of the best meme coins on the market right now.

With a muscular bull as its mascot and a website theme that mimics Bitcoin’s bright gold color, BTC Bull Token wears its Bitcoin bullish badge with pride.

According to its whitepaper, it’s ‘the unstoppable force pushing Bitcoin towards $1M+.’

It does this by being the ONLY crypto today offering free (and completely legitimate) $BTC to its token holders.

Every time Bitcoin claims a new major milestone, like $150K and $200K, $BTCBULL holders who have stored their tokens in Best Wallet will stand a chance to earn real Bitcoins.

Note: the $BTC amount you receive will depend on the number of $BTCBULL tokens you bought in the Community Sale. Also, subscribe to BTC Bull Token’s social media (X and Telegram) for updates about the airdrop events, as you’ll have to opt in to qualify.

Burn Tokens, Create Hype, and Enjoy Profits

The developers have done everything to ensure the project’s success, including using a deflationary approach, also known as a token burn mechanism, which sees the project shaving off a part of the total token supply to push the price.

These ‘token burn’ events will take place every time Bitcoin’s price increases by $50K, starting from $125K.

Incentives like these, combined with a chunky 40% of the total supply reserved for PR and marketing, suggest BTC Bull Token could become one of the top trending cryptos after its launch.

$BTCBULL Is Currently Cheaper than It Will Ever Be

Hell-bent on backing Bitcoin to $1M and beyond? Get BTC Bull Token!

That’s aside from the chance to win real $BTC (currently worth over $105K) if you’re a $BTCBULL owner.

The good news is the token is still in presale, meaning you can grab it for just $0.002555. The project has already raised around $7M in early investor funding and is raring to go once it launches. You can read all about it in our What is BTC Bull Token guide.

More Cryptos Go Mainstream, but $BTC Remains the Greatest

New ETFs supporting modern cryptocurrencies like Solana and XRP represent a healthy diversification in the market, but the fact remains, there’s only one Bitcoin.

With an innovative approach towards airdrops, a classic token burn mechanism, and a lively community of crypto degens, BTC Bull Token nevertheless could emerge as the next big crypto coin to follow in Bitcoin’s footsteps.

That said, make sure to do your own research before investing. The market is unpredictable, and none of the above is financial advice.

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.

Source link

June 9, 2025 0 comments

GameFi Guides

Solana (SOL) Price Prediction for June 8

by admin June 9, 2025

Most of the cryptocurrencies remain in the green zone on the last day of the week, however, there are some exceptions, according to CoinStats.

SOL chart by CoinStats

SOL/USD

Unlike other coins, the rate of Solana (SOL) has dropped by 1.75% over the last 24 hours.

Image by TradingView

On the hourly chart, the price of SOL is far from the main levels. The volume keeps falling, which means neither side has enough energy to seize the initiative.

This Week in Crypto Games: Bonk ‘Kill-to-Earn’ Solana Launch, ‘FIFA Rivals’ Nears Release

by admin June 8, 2025

It’s tough to keep tabs on the ever-changing crypto gaming space, thanks to the constant flow of news: everything from big game launches and fun degen experiments to token price swings and occasional project collapses. It’s a lot to follow.

Luckily, we’re plugged in at Decrypt’s GG. We cover the biggest happenings throughout the week, and then this weekly roundup provides a quick way to catch up, as well as find a bunch of other little bits of news from throughout the week.

ICYMI

Flappy Bird has renewed its Web3 push, teasing a new competitive version of the game with on-chain rewards, plus an IP protocol.

GG Newsletter

Get the latest web3 gaming news, hear directly from gaming studios and influencers covering the space, and receive power-ups from our partners.

Source link

June 8, 2025 0 comments

Crypto Trends

Bitcoin, Solana and Dogecoin Plunge as Circle Stock Surges After IPO

by admin June 8, 2025

In brief

Bitcoin fell below $101,000 on Thursday for the first time in nearly a month.
Dogecoin plummeted as a feud between one of its biggest champions, Elon Musk, and President Trump escalated.
Investors remain wary about trade tensions and sagging economic indicators.

Bitcoin and major altcoins tumbled late Thursday as concerns about the the re-escalating trade war, slowing U.S. economic indicators, and a brewing feud between U.S. President Donald Trump and billionaire Elon Musk trumped euphoria over Circle’s smash debut as a publicly traded company.

The largest cryptocurrency by market capitalization was recently trading at about $100,825, down nearly 4% during the past 24 hours, according to crypto market data provider CoinGecko. Bitcoin, which last sank below $101,000 nearly a month ago, has fallen more than 9% over the past two weeks.

“Crypto markets are pulling back today alongside a broader risk-off tone,” BitBull Capital CEO Joe DiPasquale told Decrypt. “Despite Circle’s debut, which you might expect to lift sentiment, investors seem more focused on sticky macro headwinds—the trade tensions, slowing jobs data, and ISM softness all weigh on risk appetite.”

DiPasquale added: “BTC is still in a healthy range, technically, but altcoins like SOL and XRP are showing more volatility as liquidity thins out. Overall, sentiment feels cautious, not panicked—more like digestion than fear.”

The declines added to the crypto market’s recent slugglishness as investors fret over multiple macroeconomic uncertainties, including the fraying of the once-cozy relationship between Trump and Musk, who pumped about $280 million into Trump’s 2024 presidential campaign.

On Wednesday, Trump fulfilled a recent promise to raise tariffs on steel and aluminum, even as employment and productivity readings suggested that the economy was headed downward, and tensions rose in the Ukraine war and Middle East.

Dogecoin, a Musk favorite, recently plunged nearly 9.3% from Wednesday at the same time, hitting its lowest level since May 7. Musk has harshly criticized Trump’s budget proposal in recent days, prompting the president on Thursday to threaten to cancel the entrepreneur’s government contracts. Musk’s past activities and utterances have frequently sent DOGE gyrating.

The token of the Solana blockchain and XRP recently declined 7.7% and 5.6%, respectively, hitting their lowest levels in almost a month.

Stocks closed in negative territory, with the tech-heavy Nasdaq and S&P 500 both off more than a half-percentage point—although payment services provider and stablecoin issuer Circle drew so much interest in its opening on the public stage that the NYSE halted trading three times in an hour. Circle’s share price finished the day at $83.23, far surpassing its $31 IPO price.

BitBull’s DiPasquale “expects choppy conditions to continue in the near-term.”

“Until there’s more clarity on U.S. trade policy or a major catalyst—like a rate cut or fresh ETF inflows—crypto may remain range-bound,” he wrote, although he noted optimistically that Bitcoin’s long-term prospects remain “relatively strong.”

“Any dips toward $100K are likely to find buyers,” he wrote. “But for alts, expect continued rotation and uneven performance as investors stay selective.”

Edited by Andrew Hayward

Daily Debrief Newsletter

Start every day with the top news stories right now, plus original features, a podcast, videos and more.

Source link

June 8, 2025 0 comments

GameFi Guides

Solana Price Gears Up For Breakout After Volatility Squeeze

by admin June 8, 2025

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Solana (SOL) is showing signs of a potential breakout on the 15-minute chart, as price action contracts into a tighter range. This volatility squeeze precedes a significant move, with market participants awaiting confirmation of direction. The consolidation phase has formed a recognizable breakout structure, with highs and lows converging, suggesting that pressure is building beneath the surface.

Breakout Structure Taking Shape On Lower Timeframe

According to Andrew Davis’s post on X, Solana experienced a sharp sell-off that briefly pushed the price below $142. However, the cryptocurrency quickly bounced back, demonstrating strong buying interest and resilience.

SOL has climbed back above the $150 mark, showing signs of building strength and momentum. This recovery suggests that the market is absorbing selling pressure. If this upward momentum continues, SOL could be poised for further gains.

Crypto analyst Gemxbt noted that Solana exhibits a descending triangle pattern on the 1-hour chart, which is typically regarded as a bearish continuation signal. A descending triangle pattern has formed as the price creates lower highs while holding a relatively flat support zone at $145, a key level that has been defended multiple times.

SOL’s upside trend rebuilding | Source: Andrew Davis on X

Despite the generally bearish structure, the chart has shown a bounce off this support, suggesting a temporary reversal. On the upside, resistance near $155 remains a crucial hurdle.

For SOL to confirm a sustained reversal, it would need a breakout above this level, potentially signaling a shift in market sentiment. Further supporting the idea of a potential reversal, technical indicators are reflecting oversold conditions, which hint that the selling pressure may be exhausted, increasing the likelihood of a short-term recovery.

Giottus Crypto Exchange also shared insights on Solana price structure, identifying a bullish Shark harmonic pattern emerging on the 4-hour chart. He analyzes that Point D of the Shark pattern has aligned with the 1.618 BC Fibonacci extension, landing at the $147 level.

This area is considered a potential reversal zone. The presence of this harmonic pattern at a critical extension, combined with price action, indicates that a bullish reversal could be underway. If the pattern holds, upside targets are projected in the $180 to $190 range.

Solana Tests Wedge Resistance As Bulls Eye Breakout

SOL’s anticipated upward move seems highly likely. Whales_Crypto_Trading also outlines that Solana is showing signs of a breakout as it approaches the upper boundary of a broadening wedge formation on the 4-hour chart. A pattern characterized by diverging trendlines often indicates increasing volatility and uncertainty, but also tends to precede explosive price action once a breakout occurs.

SOL is consolidating beneath the wedge’s resistance, with price action tightening and volume beginning to show signs of building, which could trigger a wave of bullish momentum toward targets at $215, $228, $243, and $265.

SOL trading at $151 on the 1D chart | Source: SOLUSDT on Tradingview.com

Featured image from Adobe Stock, chart from Tradingview.com

Source link

June 8, 2025 0 comments

GameFi Guides

Cudis Bets on Wearables, AI and a Solana Token to Drive the Longevity Movement

by admin June 7, 2025

In brief

The Cudis AI-powered smart ring tracks key health metrics.
The company launched a new token on Solana and BNB Chain to reward users for healthy habits.
The wearable technology market is valued at $179 billion, and is projected to reach $397 billion by 2032.

Wearable developer Cudis is betting that tracking your health—and being rewarded for doing so—is key to living a longer life. Its latest move: a Solana-based token that rewards users for building better habits through its AI-powered smart ring and longevity app.

Founded in 2023, the Los Angeles-based company has already launched two generations of its smart ring. The device tracks key health metrics, including sleep quality, stress, activity levels, and calorie burn. The ring syncs with a companion app that uses artificial intelligence to offer personalized health insights and daily coaching.

“We want people to actually understand what their health data means,” Cudis co-founder and CEO Edison Chen told Decrypt in an interview. “The app breaks it down in simple terms: If you’ve got back pain, maybe it’s time to stretch. If your sleep score drops, maybe you need to wind down earlier, or maybe see a doctor.”

For those without a Cudis ring, the app syncs to Apple Health, Garmin, and Oura wearable devices.

Chen emphasized that most people don’t need medical-level insights, just clear, daily feedback to improve their lifestyle habits.

“When we’re younger, we don’t think about this stuff,” he said. “But eventually you realize that your time and your health are everything. Our goal is to make understanding your body as easy as possible.”

The CUDIS token launched on Wednesday and is now live on both the Solana and BNB Chain blockchain networks, trading at around 10 cents. The token acts as an incentive for users who consistently track their metrics and improve over time. Users earn Cudis points by using the associated app to track their sleep, steps, and other vitals. Earning points makes them eligible to receive CUDIS token airdrops based on their usage and total points.

According to Cudis, the total supply of the token is 1 billion, with 25% allocated to the community, 17% to investors, 15% each to the team and ecosystem, 9% set aside for the treasury, 8.13% for marketing, 5.87% for liquidity, and 5% for advisors.

CUDIS tokens enable users to stake and boost wellness-related earnings, access premium services, participate in governance, support innovation, and power its AI-driven personal health assistant.

“We built the AI coach based on ChatGPT 4o, and we are building new longevity-focused AI agents for users to customize their own plans,” Chen said. “The AI agents will guide users to learn more about how to design their daily routine to enhance their health.”

For users concerned about their data being stored on the blockchain, the Cudis app offers the ability to turn off on-chain memory data storage.

“The AI coach is privacy-first. Cudis doesn’t see or store what you type in real time. The insights it gives you like sleep tips or stress trends come from your biometric data, not your conversations,” Chen said. “So your chats with the coach stay between you and your AI, unless you choose to share more.”

The option to opt out, Chen said, is meant to give users more control and continuity in their AI experiences.

Whether crypto rewards are enough to sustain healthy habits over time remains to be seen, and Cudis joins a growing field of health and fitness platforms that claim to help users reverse their biological age.

The wearables market is currently valued at $179 billion, and projected to grow by more than 120% to $397 billion by 2032, according to Coherent Market Insights. Blockchain apps like Stepmania, Sweat, and Longevity by Rejuve AI offer token-based rewards for tracking steps, calories, and overall fitness.

Edited by Andrew Hayward

Generally Intelligent Newsletter

A weekly AI journey narrated by Gen, a generative AI model.

Source link

June 7, 2025 0 comments

NewGenIvf to invest $30m in Solana staking strategy

NFT Gaming

Solana indicators point north, bulls test $165 target

by admin June 7, 2025

Solana rallied nearly 5% on Friday, down almost 10% in the past week. The Ethereum competitor will likely rally towards its $165 target, a 13% rally within the next week. While Ethereum draws the interest of institutional investors, Solana is competing through partnerships and decentralized applications on the blockchain.

Solana price forecast

According to technical indicators on the SOL/USDT daily price chart, Solana (SOL) could soon observe a trend reversal. SOL is trading at $149.92, and the Ethereum (ETH) competitor could rally 13% and test resistance at $170, the upper boundary of the FVG on the daily price chart.

Above $170, there are two key resistances: R1, which is the psychologically important price level of $200, and R2, which is the lower boundary of an FVG on the daily price chart, at $218.40.

The RSI on the SOL/USDT price chart reads 39 and slopes upwards. MACD flashes red histogram bars under the neutral line. The OBV indicator shows a bullish divergence, with the price heading downwards while the OBV indicator slopes upward. The divergence is typically a sign of a potential trend reversal.

In this case, the consolidation likely ends and SOL price changes in the coming week.

SOL/USDT daily price chart | Source: Crypto.news

Conversely, SOL could find support at $143.25, the lower boundary of an FVG on the daily price chart.

SOL could rally for these three reasons

Bybit, one of the key crypto exchanges, has partnered with Circle, Tether, Solana, and Sui to introduce a collaborative blockchain ecosystem. The project, Ecopedia, is set to provide structured and accessible crypto education.

Solana’s meme coin ecosystem tanked in response to the tussle between U.S. President Donald Trump and Tesla Chief Elon Musk. In the past week, the past 24 hours, and on Friday, the sector’s market capitalization has declined.

The market cap of the Solana meme coin ecosystem has fallen 5% in the past 24 hours to nearly $10 billion.

It is likely that once the tussle settles, Solana could resume its uptrend.

According to data from The Block, the seven-day daily average of the number of transactions on the Solana blockchain has been steadily upward.

Number of active addresses on the Solana Network | Source: TheBlock

Solana derivatives analysis

Solana derivatives analysis data from Coinglass shows nearly $40 million in long positions were liquidated in the last 24 hours. Less than $5 million in short positions were liquidated in the past 24 hours.

The options volume has climbed nearly 50% in the same timeframe, while open interest slips nearly 7%. The long/short ratio exceeds one on Binance and OKX meaning traders are taking more bullish bets on Solana, expecting the token’s price to rally.

Solana derivatives data analysis | Source: Coinglass

How Trump-Musk tussle influenced Solana price

The public spat between the U.S. President and Tesla Chief made headlines for its impact on Nasdaq, Tesla stock price, and Bitcoin (BTC), among other things. Solana’s price slipped, alongside other altcoins, as traders turned risk-off. Sentiment shifted from neutral to fear in the past day.

Solana has made strides with gains on Friday, it remains to be seen whether the token can wipeout the losses from the past seven days, in the coming week.

The Trump-Musk tussle’s impact is felt in the Solana meme coin ecosystem, with a steep decline in market capitalization. A 5% drop within a 24-hour timeframe is significant, and a recovery is less likely unless led by a catalyst.

Solana: A one-trick pony or not

Analysts at Standard Chartered, the banking giant, labeled Solana a one-trick pony for the meme coin ecosystem’s role in pushing SOL’s price and value higher in the past year. However, it is likely that there is more to SOL with stablecoins, DeFi protocols and partnership announcements in 2025 alone.

Standard Chartered meme coins have stress-tested the blockchain in the past, proving its scalability and throughput are effective and paving the way for higher adoption and partnerships.

In their report, Standard Chartered suggests Solana expand to other sectors to boost its utility, however SOL generates higher volume and utility from meme coin transactions in the past year. While usage may have declined since the peak of the meme coin rally.

Meme coin utility peak | Source: Standard Chartered

Solana trades at $150 at the time of writing on Friday. Depending on the catalysts, the price could steer upwards or downwards and end the state of consolidation, bordered by resistance at $187 and support at $141.

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.

Source link

June 7, 2025 0 comments

Crypto Trends

Ethereum, Solana, Doge traders caught off guard as Musk-Trump split weighs on markets

by admin June 6, 2025

Total crypto liquidations hit $972.22 million in 24 hours, with Ethereum, XRP, Dogecoin, and Solana among the most impacted

Long traders were caught off guard in the largest liquidation event since February, following a public split between U.S. President Donald Trump and a former close ally and supporter Elon Musk. On June 6, a wave of liquidations totaling $972.22 million swept the market, according to data from CoinGlass. Over the last 48 hours, nearly $3 billion in long and short positions were liquidated.

24-hour liquidations heat map on June 6 | Source: CoinGlass

Bitcoin and Ethereum led in total liquidation volume over the past 24 hours, accounting for 64% of the total. However, Solana (SOL) and Dogecoin (DOGE) saw the most liquidations relative to their market caps, highlighting a high level of leverage in these assets.

Trump-Musk spat caught long Doge, Solana traders off guard

The liquidation bias over the last 24 hours was overwhelmingly tilted against long positions. Of the total liquidations, $875 million, or 89%, came from longs. These highly leveraged positions were not able to withstand the spike in volatility driven by political developments in the U.S.

The trigger for the sharp liquidation wave was a slump in crypto prices following a public fallout between U.S. President Donald Trump and his former political ally, Elon Musk. Over the last 24 hours, Bitcoin (BTC) touched a low of $100,437, Ethereum (ETH) fell 7% to $2,387, and Solana dropped to $142. Meanwhile, Musk’s favorite crypto, Dogecoin, plunged over 20%, hitting a daily low of $0.1692.

Overall, the liquidation event appears to have stemmed from excessive long positioning amid a highly volatile market. Specifically, aggressive leveraged bets on Solana and Dogecoin, combined with stop-loss triggers during the slump, were enough to fuel the cascade of liquidations.

Despite the outsized liquidations, Solana has shown relative resilience—even outperforming Ethereum on some metrics. Dogecoin, however, remains heavily tied to Musk’s influence. With Musk now falling out of favor politically, DOGE is likely to face increased volatility in the near term.

Source link

June 6, 2025 0 comments

GameFi Guides

Solana OI Rises to $6.88 Billion: Big Moves Ahead?

by admin June 6, 2025

According to the latest data by CoinGlass, Solana (SOL) derivatives’ current open interest is $6.88 billion, up 4.03% from the previous day. This may indicate new people are investing in SOL, hoping its price will go higher.

In addition, $11.65 billion worth of Solana derivative contracts were traded, up over 5.46% from the previous day. This rise means that more individuals are trading SOL, which suggests that interest in this cryptocurrency is rising.

The long/short ratio is another important point; it records the trend of investors expecting SOL’s price to increase (long) or decrease (short). Currently, the figure is 0.944, so a larger number of traders are willing to put money on the price dropping.

However, on top exchanges such as Binance and OKX, it’s a very different story. The ratio on Binance is 3.1806, and on OKX, it reaches 3.111, suggesting that more traders are putting their money on the price rising.

However, liquidations have varied. During the past hour, long positions lost $1.216 million and short positions lost $6.64 million, pointing to a possible upward trend. There are also times when trends move downward. There has been a 44.84% drop in volume in the options market to $958.68K.

SOL sees short-term pullback amid active trading

Meanwhile, CoinMarketCap data shows that SOL experienced a 4.31% price decline over the past 24 hours, trading at $149.48 at the time of writing. Solana has a “Profile Score” of 66%, indicating that the platform has the potential to improve.

Source: CoinMarketCap

Watching for improvements in the network and changes in the ecosystem can help traders forecast both price fluctuations and the rate of people using the coin.

SOL price has been fluctuating between $157.50 and $148.00 these days. Hence, those focused on Solana’s DeFi and NFT activity may look at the pullback as an opportunity to get in at a cheaper price.

Solana whales have been making big moves lately. Whale Alert data showed that 661,113 SOL was moved by an unidentified wallet to another unidentified wallet.

Source link

June 6, 2025 0 comments

Solana

Solana following Bitcoin and Ethereum ETF plans

Bitcoin is a Great Buy Even at $106K

What Is BTC Bull Token?

Burn Tokens, Create Hype, and Enjoy Profits

$BTCBULL Is Currently Cheaper than It Will Ever Be

More Cryptos Go Mainstream, but $BTC Remains the Greatest

SOL/USD

Top stories

ICYMI

GG Newsletter

In brief

Daily Debrief Newsletter

Breakout Structure Taking Shape On Lower Timeframe

Solana Tests Wedge Resistance As Bulls Eye Breakout

In brief

Generally Intelligent Newsletter

Solana price forecast

SOL could rally for these three reasons

Solana derivatives analysis

How Trump-Musk tussle influenced Solana price

Solana: A one-trick pony or not

Trump-Musk spat caught long Doge, Solana traders off guard

SOL sees short-term pullback amid active trading