Solana (SOL) | ForkLog

ForkLog 9 27.05.2024

JPMorgan Casts Doubt on SEC Approval of Solana-Based ETFs

The U.S. Securities and Exchange Commission (SEC) is unlikely to approve spot exchange-traded funds (ETFs) based on Solana or other cryptocurrencies. This was stated by JPMorgan analyst Nikolaos Panigirtzoglou, according to The Block. “We have doubts. The SEC’s decision to approve an ETF has been delayed, given the uncertainty about whether Ethereum should be classified […]

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ForkLog 13 24.05.2024

FTX Concludes SOL Token Sale Below Market Value, Reports Bloomberg

The bankrupt exchange FTX has concluded a series of auctions, selling Solana (SOL) tokens valued at $2.6 billion at significant discounts to market prices, according to Bloomberg. Sources indicate that Figure Markets participated in the auctions, acquiring a lot of 800,000 SOL at approximately $108 per token. Over the past day, the token has depreciated […]

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ForkLog 22 22.05.2024

Matrixport Co-Founder Suggests Solana as Next ETF Candidate

Should spot Ethereum ETFs receive approval, Solana (SOL) could be the next contender for launching exchange-traded funds, according to Matrixport co-founder Daniel Yan. What’s the trade, if ETH ETF really get approved in two days? The popular trade would be “BUY ETH”. Can’t really argue with that but do note that ETH is almost +20% […]

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ForkLog 25 22.05.2024

Could Solana reach $400 after Firedancer’s release?

Analysts at Bernstein forecast that Solana will lead the race to adopt on-chain payments. The view is shared by Matty Taylor, co-founder of Colosseum and former head of growth at the Solana Foundation. He believes the “parallelised” blockchain will overtake Ethereum by the number of consumer Web3 applications. But there are snags. Amid meme fever […]

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ForkLog 31 21.05.2024

deBridge Introduces DBR Token Ahead of Airdrop

The EVM-compatible cross-chain protocol deBridge has announced the launch of its governance token, DBR, and revealed details of the forthcoming asset distribution. 1/ Introducing $DBR The next step in becoming the bridge that DeFi deserves ? Everything you need to know about the deBridge token ? pic.twitter.com/NcGsLUBDp8 — deBridge (@deBridgeFinance) May 21, 2024 The total […]

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ForkLog 10 18.05.2024

Solana Predicted to Reach $200 by May’s End, Says Expert

The cryptocurrency Solana (SOL) is expected to return to the $200 level by the end of May, according to Daniel Cheung, co-founder of the hedge fund Syncracy Capital. Strength on $SOL has been incredible on this bounce — very clear this is still the best trade of this cycle. Much more confident here on ability […]

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ForkLog 19 15.05.2024

Solana Predicted to Surge to $400 by November

Solana (SOL) is expected to rise to $400 by November 2024, driven by a wave of meme coins linked to the US presidential election campaign. This forecast was made by CIO of Merkle Tree Capital, Ryan Macmillan, as reported by DL News. The expert noted that assets like Jeo Boden (BODEN) and Doland Tremp (TREMP) […]

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ForkLog 30 14.05.2024

The Roaring Kitty’s Return Sparks AMC and GameStop Stock Rally

Shares of GME and AMC more than doubled over two trading days following the reactivation of analyst The Roaring Kitty’s X account. In cryptocurrencies, a wave of hype unfolded around meme tokens on Solana associated with the expert. On May 13, shares of GME and AMC surged by 74.4% and 78.4% respectively. The market reacted […]

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ForkLog 76 03.05.2024

Jito Emerges as Solana’s Leading Protocol with $1.4 Billion TVL

TVL of the liquid staking platform Jito Network (JTO) on Solana has reached $1.42 billion, making it the largest protocol in the network. TVL Jito. Data: DeFi Llama. According to the team, the amount of coins locked in the protocol has exceeded 10 million SOL. Jito just passed 10M $SOL staked and is now the […]

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ForkLog 13 01.05.2024

Experts See Potential for Cryptocurrency Market Recovery

The primary factors behind the current decline in cryptocurrency prices are stock market sell-offs and a strong dollar index. However, Bitcoin’s brief dip below $57,000 is seen more as a local correction than the onset of a bear phase, according to experts consulted by ForkLog. This analysis explores whether the market still holds potential for […]

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ForkLog 20 30.04.2024

FTX Conducts Another Solana Sale Below Market Value

FTX administrators have completed the second phase of Solana (SOL) token sales at approximately $100, reports The Block.

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ForkLog 97 26.04.2024

Pantera Capital Acquires SOL Tokens at FTX Auction

Pantera Capital emerged as the winner in an auction organized by the management of the bankrupt FTX for the sale of Solana (SOL) tokens, according to sources cited by Bloomberg. Other unnamed participants also acquired assets. The organizers distributed 2000 SOL, valued at $0.29 million. The tokens were sold at a higher price than the […]

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