Solana at a Breaking Point: Fading Memecoin Hype and Alameda Unlocks Test the...
Solana (SOL) is once again under intense market scrutiny as a combination of fading memecoin activity, declining user engagement, and continuous token unlocks by Alameda Research puts pressure on one of crypto’s strongest 2025 performers. Related Reading: Ethereum Ready To Explode To $12,000 By January, Says Tom Lee While institutional inflows via ETFs remain robust, Solana’s ability to defend key technical levels, particularly the $140–$150 demand zone, will determine whether the asset stabilizes or slides into a deeper correction. Memecoin Cooldown Sends User Activity to One-Year Low....
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In a rather shocking development, hackers took over the Instagram accounts of some music celebrities to promote a fraudulent Solana-based memecoin. This incident comes after another high-profile market controversy involving Kanye West’s YZY token. Related Reading: EU Eyes Ethereum Or Solana For Accelerated Digital Euro Rollout: Report Celebrity Profiles Hacked, Memecoin Crashes After $900,000 Pump […]
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In a shocking revelation that has stirred the crypto market, the Solana-based memecoin named DJT, initially marketed as a project backed by Donald Trump’s youngest son Barron, has been exposed as a fraudulent scheme. The orchestrator behind this scam is none other than Martin Shkreli, a controversial figure previously known for his provocative maneuvers in […]
A user on X, arixon.eth, alleges that over 90% of Solana validators are subsidized heavily by the Solana Foundation and Alameda Research, the defunct trading wing associated with the bankrupt cryptocurrency exchange FTX. In a post on October 4, the analyst said the level of subsidy is “shocking” but will come to “harm SOL prices in […]
The Bitcoin strategy continues to dominate the airwaves, but internationally, another cryptocurrency is gaining steam. Hong Kong-based MemeStrategy became the first publicly traded company to invest in Solana. Its stock promptly jumped 20% (and 45% in the last 5 days), an indication of just how much hype is building behind the Solana ecosystem. It’s not […]