The Wild West of cryptocurrency just got a little wilder. Solana, the blockchain known for its lightning-fast transactions, recently became a breeding ground for a peculiar phenomenon: the meme coin frenzy. While these dog-themed, cat-inspired, or just plain nonsensical tokens promised moon landings, many investors landed face-first in a crater of lost cash. Solana Stampede:…
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Over the past week, the meme coin BONK has experienced explosive price action, outpacing many other leading cryptocurrencies with a 23% increase. As of Monday morning (UTC), BONK is trading at $0.00002064, according to CoinGeck data. This week’s performance saw only a few top cryptocurrencies achieve similar gains. NEAR Protocol’s NEAR rose by 19%, trading…
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Former First Lady Melania Trump has announced a customizable $245 necklace, “Her Love & Gratitude,” to celebrate Mother’s Day on May 12, 2024; the necklace comes with a flower pendant, an adjustable chain, and options for personalization with names, initials, or dates. Buyers of the necklace will also receive a limited-edition digital collectible minted on…
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Solana developers have successfully pushed a series of fixes to address network congestion issues. On April 15, Solana urged validators to update to v1.17.31, a version that changes how certain validators are treated depending on their stake. Further fixes will be shipped in the coming weeks, including a new scheduler that will be disabled by…
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With a significant 24-hour trading volume of $2.97 billion and a price surge to $151.34, Solana showcases robust market performance. This 5% increase over the last day has propelled Solana‘s market capitalization to approximately $67.62 billion, cementing its position as the fifth largest by market cap. As market watchers closely monitor these developments, Solana price…
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Popular Solana meme coin DogWifHat (WIF) posted seven-day depreciation of as much as 50% in 24 hours by the morning of Thursday, April 18, according to data by CoinGecko, although its intraweek losses have since slowed to about 31% as of this writing. Among meme coins, WIF took some of the heaviest losses amidst a…
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Ore has paused its mining operations on the Solana blockchain to address issues of network congestion. According to a series of social media posts by the Ore developer Hardhat Chad, the mining suspension aims to mitigate the recent congestion on Solana caused by the rapid adoption of their protocol. I have decided to pause all…
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On April 16, 2024, the Drift Foundation, which supports the Solana-based decentralized exchange (dex) platform Drift, disclosed plans to distribute 100 million tokens to its users. The tokens will function as the platform’s governance coin, to be utilized by the community and the Drift decentralized autonomous organization (DAO). Solana-Based Dex Platform Drift to Distribute Governance…
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Solana developers on Monday announced a mainnet beta update, version 1.17.31, aimed at addressing the network’s recent congestion problems. This update specifically tackles issues caused by spam transactions, which have significantly slowed processing times and caused frequent transaction failures. In addition to alleviating network congestion, it is expected to stabilize issues related to recent open…
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Solana tumbled and declined toward $110. SOL price is now correcting losses above $140 and facing hurdles near the $160 resistance zone. SOL price gained bearish momentum and declined below $150 against the US Dollar. The price is now trading below $160 and the 100 simple moving average (4 hours). There is a key bearish…
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